The European Investment Bank (EIB) has committed to more than double its lending to sustainable seas projects, to €2.5bn over the next five years, as part of the Blue Sustainable Ocean Strategy 2019-2023 presented in Oslo.
The new strategy (Blue SOS) supports economic activities related to the marine environment. Businesses, cities, development institutions and other partners can apply for long-term loans, equity investments and other financial instruments “to improve the health of oceans, build stronger and more resilient coastal environments and enhance the sustainability of ocean-related activities”.
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