Supporting sustainable, competitive and secure energy in Europe
- Release date: 31 March 2011
Promoting sustainable, competitive and secure energy for Europe is one of the European Union’s strategic priorities. As the bank of the European Union, the EIB has reflected this by tripling its financing operations in this area between 2006 and 2010 (from EUR 4bn to EUR 14.6bn). The Bank finances investments supporting the implementation of EU strategic priorities.
Because Europe's citizens and companies need a secure supply of energy at affordable prices and because sustainable energy sources need to be promoted in order to reduce negative effects on the environment, the EIB puts particular emphasis on developing renewable energies, diversifying energy sources and reducing energy consumption by improving energy efficiency.
