Leas-Uachtarán Feidhmiúcháin Timmermans ag #EIB i Lucsamburg

On 6 January, Frans Timmermans, Executive Vice-President for the Green Deal visited the premises of the European Investment Bank in Luxembourg where he addressed the EIB staff. He said: "To achieve the ambition set by the Déileáil Ghlas na hEorpa, there are significant investment needs. We will only be able to meet these investment needs if we mobilize both the public and private sector. In this regard, the EIB will be a main partner, acting as a pool and magnifier of public investments and as an extra security for private investments." The EIB set itself spriocanna uaillmhianacha, including doubling its climate investment target from 25% to 50% by 2025 and committing to end financing for fossil fuel energy projects from 2021 onwards,  thus becoming Europe's climate bank. After the staff meeting, Timmermans had a working dinner with EIB President Werner Hoyer.

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