The groups will explore cooperation under the EIB’s newly established Green Hydrogen Fund to promote sustainable development and decarbonisation through the sustainable production.

Read more: European Commission, EIB, Breakthrough Energy to invest €820m to promote clean technologies with hydrogen included

This will also include the application of green hydrogen and its derivatives in partner countries and territories eligible to receive official development assistance (ODA).

Tanja Gönner, Chair of the GIZ Management Board, said, “The European Investment Bank is an important international player in the field of climate finance and a respected partner for development finance.

“I am very pleased to continue and deepen GIZ’s cooperation with the EIB. Both institutions complement each other, combining technical assistance with financing power to jointly tackle the challenges of climate change and sustainable development.”

Werner Hoyer President of the European Investment Bank, said, “I am delighted to intensify our excellent collaboration with GIZ. We have already successfully joined forces to support greener and more resilient cities through FELICITY and the City Climate Finance Gap Fund.

“With EIB Global, our new branch for international development and partnerships, we want to strengthen such collaborations to tackle the climate crisis and scale up development impact around the world.”


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