European Investment Bank mobilises €3 billion to support vulnerable households amidst EU carbon tax changes this week.

EU invests €3 billion in decarbonization of buildings, road transport

The ETS2 Frontloading Facility will provide €3 billion ($3.5 billion) to sectors set to be covered by the EU’s new emissions trading system. It will support low- and middle-income households with the deployment of heat pumps and electric vehicles.The European Investment Bank (EIB) has announced a new €3 billion ($3.5 billion) facility for investments in cleaner heating and cooling and reducing energy demands in buildings and road transport. The …

European Investment Bank mobilises €3 billion to support vulnerable households amidst EU carbon tax changes this week.

The European Investment Bank (EIB) is allocating €3 billion to assist EU countries in managing expected energy bill increases from the 2028 carbon tax, announced Climate Action Commissioner Wopke Hoekstra. This funding supports vulnerable households transitioning to cleaner energy solutions.