EIB's new energy lending policy underway, VP calls for doubling investment

Andrew McDowell, the Vice President of the European Investment Bank (EIB), called for doubling energy investments as the EU lender launched on Thursday a public consultation on future energy lending policy. In a statement published on the EIB website, McDowell said that the lender provided over EUR 50 billion (USD 56.7bn) to renewable energy, energy efficiency and electricity grid projects in Europe and worldwide over the last five years.

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