President Hoyer calls for immediate and swift action towards a “net-zero” emissions economy
11 September 2019
During his keynote address at PRI in Person, held in Paris on 11 September, President Hoyer presented the European Investment Bank’s commitments for climate action and environmental sustainability. He also pointed the key role the EIB can play with regard to redirecting private finance towards sustainable investments.
President Hoyer expressed his most sincere condolences and full solidarity with the people of Morocco following the devastating earthquake that struck the country in a letter to His Majesty the King of Morocco Mohammed VI.
The power grid is the backbone of Europe’s transition to clean energy. With electricity set to become the main energy carrier, European countries need to ensure that their infrastructure is ready for the rapid uptake of renewables and new energy demand. However, the current grid structure struggles to adequately support renewable energy. Much needs to be done to effectively integrate renewable sources such as solar and wind, which are intermittent and decentralised.
The delegation from the European Investment Bank led by Grzegorz Rabsztyn – the Head of the EIB Group Office in Poland, is participating in the 32nd Economic Forum in Karpacz, in Lower Silesia (Poland). In the opening session, he will be talking about investments in Central, Eastern and South-Eastern Europe (CESEE) and how the EIB can help companies in this region to develop and gain a competitive advantage.