Supporting the energy transition in Europe and around the world
Engaging with EU members for a just and inclusive transition
The Bank is strengthening its dialogue with EU governments and relevant stakeholders in the energy sector to support targets and measures included in EU members' National Energy and Climate Plans.
In particular we:
organise Energy Finance Workshops with interested Member States, to identify how our lending can be most effectively directed towards supporting national energy and climate plans;
provide extra support via our Energy Transition Package to those Member States or regions with a more challenging transition path;
work with the European Commission on the Just Transition Initiative, to unlock finance and expertise in the areas covered by this initiative, consistent with our Energy Lending Policy.
Energy lending outside the European Union
The EIB supports the drive for net zero emissions outside the EU, contributing to the Sustainable Development Goal 7 for universal access to reliable and modern energy by 2030.
There is an urgent need to shift gears in terms of energy investment to meet these objectives. In order to reach Net Zero Emissions by 2050, annual investments in clean energy need to triple.
The EIB is active globally and supports the EU’s leadership on energy and climate. The priorities of the EIB in the energy sector are the same inside the European Union and around the world, as defined by our Energy Lending Policy.
In order to close the gap in access to energy, we support many developing countries by providing investment for transmission and distribution projects that are not keeping pace with investment in the generation and the deployment of mini-grid and off-grid solutions.