The EIB and the City of Vienna are seeking to deepen their partnership to combat climate change. They signed a “Joint Declaration on Climate Partnership” in Vienna, under which future City of Vienna projects concerning housing, energy, waste and transport will be subject to advance analysis for possible EU climate bank financing, taking their climate action contribution into account. This is the EU climate bank’s first partnership with a large EU city. Last autumn, the EIB decided to align all financing activities with the goals of the Paris climate agreement. The EU bank plays a crucial role in the “Green Deal” presented by the new European Commission President Ursula von der Leyen
Subscribe to The Financial Analyst to get original opinion and all the latest news on trending financial topics and breaking stories related to analysis and global markets. If you have a tip or a financial opinion to share get in touch to submit your story.