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EIB and Luxembourg launch new Climate Finance Platform

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Published on: 26 October 2021

Published by LNB News

LNB News 26/10/2021

Document Information

Issue Date: 26 October 2021

Published Date: 26 October 2021

Jurisdiction(s): United Kingdom

Article summary

The European Investment Bank (EIB) and Luxembourg have launched the Luxembourg-EIB Climate Finance Platform (LCFP), a joint initiative that aims to mobilise and support investment in international climate finance, focusing on climate change mitigation and adaption. The LCFP’s operations are currently solely financed by Luxembourg but the platform has invested in several funds, which are expected to leverage up to €18.2 billion in project investment. It is hoped such investments will contribute to the achievement of a significant number of Sustainable Development Goals (SDGs), including SDG 13 (climate action impact).

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