(16 February 2015) – Today, the European Commission and the European Investment Bank (EIB) launch two financial instruments to drive investment in energy efficiency, efforts to preserve natural capital, and adaptation to climate change.
The objective is to unlock public and private investments by combining EIB loans with financing under the EU LIFE Programme for Environment and Climate Action.
The first instrument – the Natural Capital Financing Facility – foresees a total budget of €100–125 million for 2014-2017 and will support viable nature and climate adaptation projects.
The second instrument aims to increase private financing for energy efficiency projects. The Commission has committed €80 million for 2014-2017, anticipating an 8-fold leverage effect.