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EconomyEIB to double climate funding to €30bn as extreme weather costs soar

The European Investment Bank plans to raise climate financing to €30 billion, reflecting a shift from mitigating climate change toward protecting the economy. The move comes a week before the European Commission is due to present its climate resilience plan.

European Investment Bankclimate financeextreme weather

Eeuronews★★★☆☆2026-10-22 13:00Original

EIB to double climate funding to €30bn as extreme weather costs soar
Economy