On 21 April President Hoyer addressed Finance Ministers of the Vulnerable Twenty (V20) and said it is urgent to respond to their call to action on climate investment and adaptation finance. The Vulnerable Twenty (V20) Group includes Finance Ministers of the Climate Vulnerable Forum, a dedicated cooperation initiative including 55 climate vulnerable economies with a combined population of 1.4 billion people.
A new chapter is opening for Europe’s high-tech sector. The EIB Group (“EIBG”), composed of both the European Investment Bank (“EIB”) and the European Investment Fund (“EIF”), has expressed its interest in supporting the the pan-European Scale-up Initiative launched today in Paris by EU Member States during a summit organized under the French Presidency of the European Council.
As Europe shows global leadership in the fight against climate change with the Green Deal and the new “fit for 55” proposals, around 45% of EU firms report investments to address climate change. Nearly half of firms in the European Union have invested in energy efficiency, up from 37% in 2019 to 47% in 2020. Although EU firms show commitment, enhancing their awareness of climate change-related risks will be key to greater climate investment.