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Annual press conference 2008 of the EIB: extracts from the press conference by Philippe Maystadt, President of the European Investment Bank (EIB)

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Philippe Maystad, President of the European Investment Bank, gave the annual news conference for 2007. Responding to the gravity of the challenge posed by climate change, EIB lending for renewable energy accounted for nearly one-third of the EIB’s total lending in the energy sector in 2007, and more than half its funding for electricity generation. It covered not only proven technologies such as onshore wind, hydro- or geothermal power, but also those still under development, for example photovoltaic and solar thermal generation. The EIB has made energy efficiency an integral part of all its lending decisions, and actively supports the market in carbon credits through three existing funds. It is currently working with four national and regional public banks to finalise the Post 2012 Carbon Fund, the first to underpin the market value of carbon credits due to be delivered after the Kyoto Protocol expires in 2012.
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Type: EbS   Reference: 56043   Date: 28/02/2008   Duration: 00:03:32
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