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Macron’s Dream of a Climate Bank Gets Boost From New EU Leader

  • European Investment Bank to discuss climate action next week
  • Ursula von der Leyen backs transforming EIB into climate bank
Ursula von der Leyen
Ursula von der LeyenPhotographer: Frederick Florin/AFP via Getty Images

The leader designated to take over the European Commission endorsed the idea of creating a bank to concentrate on climate change, giving traction to a French proposal that would scale up green investment across the continent.

Ursula von der Leyen, who is nominated to become the next commission president, signaled that shifting the mandate of the European Investment Bank is among the options under consideration. The 28-nation European Union is weighing how to zero out greenhouse gas emissions by 2050, and the EIB’s board will discuss climate action on July 16.