BAKU, Azerbaijan, January 30. The European Investment Bank (EIB) Group committed record financing in 2024, supporting clean energy for nearly 15 million households, job creation, and key innovations across Europe, Trend reports.
Investments spanned energy security, climate resilience, and social infrastructure, reinforcing the EU’s economic and environmental priorities.
Last year, the EIB Group allocated 51 billion euros — 60% of total financing — to climate action and environmental sustainability, funding projects such as a zero-emissions tyre factory in Romania and sustainable mobility initiatives in Spain. Energy security remained a focus, with 31 billion euros directed toward grid upgrades, renewables, and battery manufacturing, mobilizing over 100 billion euros in investments.
The bank also doubled financing for security and defense projects to 1 billion euros, backing satellite deployment in Poland and NATO-related port upgrades in Denmark. Support for social and regional development reached 38 billion euros, financing startups, agriculture, and infrastructure projects from Greece to Estonia.