The European Investment Bank (EIB) invested more in Germany in 2023 than in previous years. Last year, the EU development bank provided 8.6 billion euros for projects in the Federal Republic, as it announced. According to the information, most of the money, 65 percent of the loans, went into climate projects. Innovative technologies accounted for 30 percent of the financing. In 2022, the bank supported projects worth 6.6 billion euros in Germany (2021: 5.5 billion euros).
Amid supply chain issues, challenges from new climate regulations and high interest rates, companies from both the private and public sectors turned to the bank with long-term investment projects, it said. The focus was therefore on renewable energies and energy efficiency. Money was made available, among other things, for an offshore wind farm in the North Sea, new trains for the Munich S-Bahn and regional transport in Baden-Württemberg as well as public transport in Hanover. The Berliner Wasserbetriebe also received funding.
The European Investment Bank, based in Luxembourg, is the bank of the European Union and claims to be the largest multilateral financing institution in the world. Most recently, she has been particularly involved as a donor for climate protection and also for supporting Ukraine.
In total, the EIB Group signed almost €88 billion in new financing in 2023, according to figures published at the end of January. At 49 billion euros, more money was invested in projects for the climate and the environment than ever before. That is around 56 percent of all financing.
