
European Investment Bank may ban funding for fossil fuel energy
The aim is to fulfill the Paris treaty’s goal of limiting warming to no more than 2° C. above pre-industrial levels.
The European Investment Fund is a specialized financial institution of the E.U. that provides risk finance to small and medium-sized enterprises (SMEs). As part of the European Investment Bank Group, the EIF supports SMEs through venture capital, microfinance, and guarantees, making it a key tool for innovation and job creation.
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The aim is to fulfill the Paris treaty’s goal of limiting warming to no more than 2° C. above pre-industrial levels.