The Lille Metropolitan area (Métropole européenne de Lille) has been awarded a green loan of €245 million by the European Investment Bank (EIB) to fund its public transport network and cycling paths.
Nokian Tyres has signed a €150 million loan agreement with the European Investment Bank (EIB).
The European Commission has launched the Climate City Capital Hub, a finance resource to support cities participating in the EU Mission on Climate-Neutral and Smart Cities.
The real estate, renewable energy, and transportation sectors are frontrunners for sustainable practices, alongside the public sector which should play an important role.
Romanians believe that climate change can only be managed if inequalities are simultaneously eliminated.
A new study finds an estimated investment gap of €6.7-8.6 billion must be closed to achieve Europe's pledged goal of placing on the EU market each year 10 million tonnes (Mt) of plastic recyclates in final products by 2025. Plastic packaging is the biggest contributor to the plastic waste problem and 25 companies are responsible for half of the world's plastic production.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
