The European Investment Bank (EIB) Board of Directors have approved €7.3 billion (£6.2m) of new financing for projects that support climate action, renewable energy and clean transport, among others.
The funding will enable companies and utilities to implement measures for protection against a more extreme climate and other disasters.
It will increase the use of renewable energy, scale up energy efficiency improvements, reduce pollution and strengthen civil protection against extreme weather.
A new €900 million (£763m) nationwide initiative to support the deployment of smart meters, increase renewable energy and recycling and installation of energy efficient street lighting across Italy was approved.
In addition, the latest funding will support a new scheme to rehabilitate water and wastewater infrastructure in 80 municipalities across North Macedonia, helping to tackle…