The partnerships with private sector financial institutions will support startups and SMEs making a positive contribution to the UN SDGs and adopting more sustainable business models.
The European Investment Fund is backing Infinity Recycling’s Circular Plastics Fund which invests in companies developing advanced technologies for the recycling of plastics.
The Council of Europe Development Bank identifies five projects to receive financing in the areas of affordable social housing, education and training, microfinance and social enterprise finance.
Over the past decade, the EU-backed EIT Climate-KIC accelerator programme has supported 2,100 solutions and secured nearly €2bn in capital to address different aspects to the climate challenge.
Last week’s European Sustainable Energy Week in Brussels covered everything related to renewables and efficient energy use, including the role of private capital in accelerating the transition to clean heating and cooling.
The fund, run by Azimut Investments, will provide debt to more than 50 Italian SMEs with a focus on improving environmental and social aspects of their operations.
The European Investment Fund is helping to facilitate investments in Portuguese firms targeting the energy transition, climate resilience, sustainable use of the marine environment and the circular economy.
Backed by the InvestEU programme, the European Climate Debt Solutions Fund has also secured €36m from other investors including Rivage Investments which is managing the fund.
The fund should strengthen the EU “strategic autonomy” and the green and digital transitions, be integrated into the current EU long-term budget, and mobilise private investments.
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