Climate finance and Ukraine
Global Economy & Business
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23m
CLIMATE FINANCE AND UKRAINE - The Atlantic Council hosted on Thursday, April 21, a discussion with President of the European Investment Bank Werner Hoyer to discuss how EU investment can assist Ukraine and in building resilient energy infrastructure in Europe. Julia Friedlander, then C. Boyden Gray Senior Fellow and Director of the Atlantic Council’s Economic Statecraft Initiative moderated.
Russia’s brutal invasion of Ukraine has demonstrated the need for Ukraine and the EU to reduce their dependence on Russian energy through broad expansion of renewable energy resources. European institutions such as the EIB can leverage this moment to invest in quality infrastructure that addresses immediate national security concerns and reinforces adaptation to climate change.
Financing climate adaptation in Ukraine has been a top priority for the European Investment Bank, which recently approved a €668 million financial support package to help Kyiv cope with war-related damage. The EIB has been working with Ukraine since 2007.
ORIGINAL AIRDATE: 04/21/22
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