COPENHAGEN, July 18 (Xinhua) -- The European Investment Bank (EIB) has announced new financing instruments aimed at mobilizing more than 18 billion euros (20.9 billion U.S. dollars) for Europe's clean tech sector.
The announcement came during an informal meeting of the European Union (EU) ministers responsible for the internal market and industry, held in Copenhagen from Wednesday to Friday.
"The EU needs to step up its game," said Danish Minister for Industry, Business and Financial Affairs Morten Bodskov, warning that high energy costs and supply chain uncertainties are threatening the competitiveness of European businesses.
"EIB Group financing will contribute to jobs, prosperity, lower household energy bills, and a liveable planet for all," said Nadia Calvino, president of the EIB. (1 euro = 1.17 U.S. dollar) ■
