European Investment Bank: EUR 500 million loan for Climate Change mitigation projects in Brazil

The European Investment Bank (EIB) is providing a EUR 500 million loan to The Brazilian Development Bank (BNDES) of Brazil for projects in the renewable energy sector supporting climate change mitigation. The objective of this operation is to support investments that generate environmental benefits with respect to combating climate change. The majority of the schemes will contribute to reducing greenhouse gas emissions by generating renewable energy. Other schemes may focus on increasing energy efficiency, including in industrial applications, the heating and cooling sectors and in power generation or support investments for climate change adaptation. The EIB’s Brazil Climate Change Mitigation framework loan will provide financing for small and medium-size investments in the renewable energy and energy efficiency sectors ...Zum vollständigen Artikel

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