In message to Trump, EU says will remain top investor against climate change


  • World
  • Tuesday, 24 Jan 2017

U.S. President Donald Trump (C), flanked by Gary Masino (L) of the Sheet Metal Workers Union, Telma Mata (2nd R) of the Heat and Frost Insulators Allied Workers Local 24 and United Brotherhood of Carpenters General President Doug McCarron (R), holds a roundtable meeting with labor leaders at the White House in Washington, U.S. January 23, 2017. REUTERS/Jonathan Ernst

BRUSSELS (Reuters) - The European Investment Bank, the EU's lending institution, will maintain a target of investing around 20 billion dollars a year to fight climate change over the next five years, it said on Tuesday, sending a warning to climate sceptics.

Climate investment is already about a quarter of EIB total loans. Last year the bank lent 83.8 billion euros ($90 billion), of which 19 billion went to projects to counter climate change.

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