While climate action and sustainable development goals are overshadowed by COVID-19 and war in Ukraine, the European Investment Bank is committed to both issues, with a special focus on climate finance, according to EIB President Werner Hoyer.
“When it comes to alternative energies, to renewables, to energy efficiency, it’s high time to speed up now and not slow down. We are resolved to do that with or without the pandemic, with or without the war in Ukraine,” Hoyer told Devex in Washington, D.C. Friday.
The European Investment Bank, which has made significant pledges on climate, is in the midst of building up its development branch EIB Global and faces the challenges of a world in crisis.