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At COP30, EIB Group to unveil range of global climate initiatives
The European Investment Bank (EIB) Group will unveil a series of initiatives to accelerate the fight against global warming at the 30th United Nations climate conference (COP30) in Belém, Brazil running from today until 21 November. The EIB Group, which also includes the European Investment Fund (EIF), will announce the moves in collaboration with business and government representatives from the European Union and beyond.
EIB provides $100 million to Ecuador for water, sanitation and waste management
EIB Global, the international partnerships and development arm of the European Investment Bank (EIB), and Banco de Desarrollo del Ecuador (BDE) announced a $100 million framework loan to finance priority projects in water supply, wastewater and waste management at the EU-CELAC (Community of Latin American and Caribbean States) Summit in Colombia today. The operation aims to modernise infrastructure, extend services to underserved populations and support climate change mitigation and adaptation through efficient water systems and improved wastewater treatment. Further waste management investments, including separative collection, will enhance pollution prevention and control.
EIB Global and Enel provide Colombia with $200 million to support solar energy projects
EIB Global, the international partnerships and development arm of the European Investment Bank (EIB), and Enel Colombia S.A., part of the Italian Enel Group, announced a loan of up to $200 million to finance two new solar projects in the Atlántico region of Colombia at the EU-CELAC (Community of Latin American and Caribbean States) summit today. The Guayepo III and Atlántico projects will help Colombia increase renewable energy supply, reduce emissions and support the country’s climate goals. An initial disbursement of $100 million was completed in July, with the remaining amount expected to be disbursed over the coming months. These projects will strengthen Colombia’s renewable energy capacity, reduce emissions and advance the country’s climate and energy transition goals.