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

https://mins.news/en/item/111134

- euronews, 2026-10-22 13:00 UTC
- Economy
- Original: https://www.euronews.com/2026/10/22/eib-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.