EIB to invest €2.5bn in sustainable oceans

The European Investment Bank 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

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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