The European Investment Bank today published a report detailing the sale in December of EU carbon allowances under the NER300 initiative to raise funding for carbon capture and storage demonstration projects and innovative renewable energy technologies. EIB sold 12,000,000 EU allowances for a total value of EUR 97,849,000 (before deduction of expenses and market and EIB fees). All transactions were executed as OTC (“over the counter”) forward transactions, as previously anticipated. The December sales report can be found on the EIB’s NER300 website.
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Spain: EIB and Castilla y León regional government sign €74 million loan to finance projects related to agriculture, forestry, and climate change adaptation and mitigation in rural areas
The European Investment Bank (EIB) has signed a €74 million loan with the government of the Spanish region of Castilla y León (Junta de Castilla y León) to co-finance rural and agricultural and forestry sector investment under the European Agricultural Fund for Rural Development (EAFRD) operational plan for 2023-2027. This is the first tranche of total approved EIB financing of €245 million.