European Investment Bank doubles climate adaptation funding

The European Investment Bank (EIB) has announced it will provide at least 30 billion euros for climate adaptation through 2030. This amount represents a doubling of the financing provided during the previous five years.

The funding, part of the EIB Group Adaptation Plan Phase 2 for 2026–2030, aims to support investments in infrastructure, water management, agriculture, and adaptation technologies. The goal is to help Europe and other regions better respond to climate risks such as heatwaves, droughts, wildfires, and floods.

Key areas of focus include efficient irrigation, water storage and reuse, climate-resilient agricultural practices, and nature-based solutions like the restoration of wetlands and forests. The plan also seeks to assist small businesses through programs like TechEU, which supports companies developing technologies in areas such as cooling systems.