The European Investment Bank (EIB) Group has presented a plan to provide at least €30 billion for climate adaptation measures by 2030, which represents a doubling of the financing provided over the previous five years.
As the EIB said in a statement, the funding will support investment in infrastructure, water, agriculture and adaptation technologies, helping Europe to better respond to climate risks including heatwaves, droughts, wildfires and floods.
‘A no-brainer’
“Climate adaptation is a no-brainer,” commented EIB Group president Nadia Calviño. “Every euro invested in prevention and adaptation to climate change saves 10 euros in damages and repairs.”
The EIB Group’s Adaptation Plan Phase 2 for 2026–2030 combines financing, guarantees and advisory support to accelerate investment in climate-resilient infrastructure, cities and agriculture across the EU and further afield. The plan has been endorsed by the boards of the EIB and European Investment Fund (EIF).
It will also seek to make adaptation investments easier to identify and finance, particularly for smaller businesses. Through TechEU, the EIB Group will support European companies developing next-generation technologies in areas such as cooling systems, resilient energy solutions and water-saving technologies.
‘Financeable projects’
EIB Group said that the plan will help turn ‘climate-risk data into financeable projects’, and build a stronger pipeline of adaptation investment. It forms part of the EIB Group’s Climate Bank Roadmap Phase 2 for 2026-2030.
‘The plan will help safeguard water supplies, food production and healthy ecosystems by financing water-efficient irrigation, storage and reuse, climate-resilient farming practices, nature-based solutions such as restoring wetlands, forests and floodplains and infrastructure designed to withstand droughts and floods,’ it noted.
Elsewhere, a new digital tool, ClimateSET, will help businesses, public authorities and financial institutions identify climate risks and suitable adaptation measures. Developed alongside the Copernicus Climate Change Service (C3S), the tool, which is due to launch later this year,will be integrated into an enhanced Green Checker to help identify investments that respond to climate risks in specific areas.
Alongside the adaptation plan, the EIB and EIF boards have approved €11.8 billion in new financing, including €5.5 billion to strengthen Europe’s energy autonomy.
In 2025, the EIB Group signed €100 billion in new financing and advisory services, supporting more than 870 projects. Read more here.
