Banks launch €10 billion circular economy investment programme

The European Investment Bank and five national development banks have agreed to invest €10 billion over the next five years to accelerate the EU's transition to a circular and sustainable economy

The European Investment Bank and five national development banks have agreed to invest €10 billion over the next five years to accelerate the EU's transition to a circular and sustainable economy, they announced on Thursday.

The Joint Initiative on Circular Economy – which involves public financial institutions from Poland, France, Spain, Italy and Germany – will target “all stages of the value chain and lifecycle of products and services”.

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