European Investment Bank to Intensify Help to Croatian Green Projects

Lauren Simmonds

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As Poslovni Dnevnik/Lucija Spiljak writes, a Memorandum of Cooperation between the European Investment Bank Group (EIB) and the Ministry of Economy and Sustainable Development of the Republic of Croatia (MINGO) was signed in Zagreb and in Luxembourg on Thursday, which opens the door to more active support of the EIB Group in the process of developing Croatian green projects and attracting money from a number of funds and financial initiatives of the European Union, with an emphasis placed on energy, the fight against climate change and economic sustainability.

This is followed by the implementation of projects from the National Energy and Climate Plan of the Republic of Croatia, which will give impetus to the faster development of the Croatian economy from the consequences of the coronavirus pandemic and the devastating earthquakes of 2020, with an emphasis on Croatian green projects.

The Memorandum was signed by EIB Vice President Dario Scannapieco and Minister of the Economy and Sustainable Development, Tomislav Coric, in the presence of Ognian Zlatev, Head of the European Commission Representation in Croatia.

“Our cooperation will help Croatia take advantage of the opportunities offered by various EU programs, funds and initiatives, and attract new investments in projects that are crucial for Croatia,” said Scannapieco.

Coric said that Croatia supports the project of reducing and eliminating carbon dioxide in the EU, and that they see this as an opportunity for the development of the Croatian economy and Croatian green projects.

“Our goal of moving to renewable energies by 2030 is ambitious but it’s also achievable. In addition to that, there are a lot of new Croatian green projects that will help decarbonise the economy, and we see the EIB as a significant partner in the implementation of these projects,” said Coric.

Zlatev from the EC believes that this cooperation will help Croatia take full advantage of the European Commission’s Green Plan, and successfully implement its ambitious plans in the fields of energy and the fight against climate change, in line with the EU’s 2050 goal and achieving carbon neutrality within its economy.

The EIB, as the EU’s climate bank, intends to launch a trillion euros by the end of this decade to invest in the fight against climate change across the EU.

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