Circular Economy

Most cities in Europe plan to spend more on fighting climate change and increasing public housing, schools and hospitals, according to a new European Investment Bank (EIB) survey. The EIB’s “2025 Municipalities Survey” signals that 56% aim for greater investments to cut greenhouse gas emissions and 53% intend to boost budgets for social infrastructure over the coming three years.

At the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, Multilateral Development Banks (MDBs) presented their first joint report on the circular economy: “The circular economy in motion”.

During a plenary debate of the Committee of the Regions with European Investment Bank (EIB) Group President Nadia Calviño, the two institutions renewed their common goal to promote convergence and economic growth across the EU’s regions, both in urban and rural areas, with a special effort to support affordable housing and social infrastructure.