Lorenzo Squintani
- European Investment Bank
- Communication Department
- Via Sardegna 40
- I-00187 Roma
- Italy
The European Investment Bank (EIB) and E-Distribuzione, Enel Group’s company, have signed the first €250 million tranche of a €500 million sustainability-linked loan. In concrete terms, the financing will help to back innovation and digitalisation of the power grid in Italy, increasing its resilience to avoid and react to future extreme climate events while also improving the quality of electricity distribution services.
The European Investment Bank (EIB) has approved a €1 billion loan to rebuild public and private buildings in the Italian region of Ischia that were severely damaged by the 2017 earthquake and 2022 landslide. The first tranche of €150 million to support ongoing operations was signed at the Ministry for the Economy and Finance today.
More than eight in ten respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Among the challenges facing their country, respondents ranked climate change second only to the cost of living. Many believe that investing in adaptation now prevent higher costs in the future.