/22nd April 2021, EIB/ € 3.4 billion of new financing approved today by the European Investment Bank (EIB) will accelerate shift towards renewable energy and sustainable transport, corporate innovation, improved housing, education and communications. “The green transformation of the global economy gathers speed. The green energy and sustainable transport projects approved by the EIB, the EU’s climate bank, today demonstrate the vision, ambition and partnership needed to slash greenhouse gas emissions this decade and beyond. I am thrilled that this week the European Union agreed to be climate-neutral by 2050. Tomorrow President Biden will host world leaders and renew the shared determination to fight the climate crisis. The return by the US to the community of countries committed to the Paris Agreement goals and to climate action is hugely welcome news, an essential and urgent step toward multiplying the effect of individual actions through global cooperation”, said Werner Hoyer, President of the European Investment Bank.