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Climate change: the EIB allocates 11 billion for projects throughout Europe, Florence leading the way

The tragedy of Ischia brings to the fore the need to make investments in areas at risk. The Municipality of Florence prepares projects with EIB funds and acts as a trailblazer for other local authorities

Climate change: the EIB allocates 11 billion for projects throughout Europe, Florence leading the way

prevent disasters such as that of Ischia , due to climate changesyou have to invest. In the face of the controversies of these hours - while others are being sought missing– on missed interventions, who where to do and what, who has condoned and why, the request for the urgent approval of the climate plan with related funding. Apart from the funds of the PNRR aimed at the reorganization of the territory, to date no one knows what endowment the plan that protects the Municipalities from climatic emergencies will have. The accumulated delays are no longer justified. If it had been available today on Ischia we would tell a little different things.

Climate change: EIB agreement with the Municipality of Florence

We need to invest and there are also those who anticipate the government's moves. The City of Florence, for example, is the first Italian municipality to sign a 200 million deal euros with the European Investment Bank (AT) for projects and strategies on climate change, preventing and dealing with seismic or flood phenomena, sustainable mobility. The operation fits into the new line of financing approved by board of directorsand the EIB for 10,9 billion euros for investments in renewable sources, business development, sustainable transport. A packet green in which the Tuscan capital has entered to fight a "problem increasingly felt by the citizens" said the Mayor Dario Nardella.

The agreement with the Municipality of Florence can lead the way

In Italy between 2019 and 2021 the The has disbursed loans for more than 36 billion euros in different sectors. In the new allocation they stand out 1,2 billion for health and urban development, 3,4 billion for sustainable transport, 2,2 billion for business investment and innovation, 500 million per agriculture and bioeconomy. Florence it will probably lead the way to other investments with specific purposes against climatic phenomena or to manage, with available money, other territorial emergencies. In its determination, the BoD was also inspired by the recent COP 27 in Sharm el-Sheikh. “As leaders and negotiators from 200 countries meet at COP27 to agree key policies and resources for climate change mitigation and adaptation, the EIB approves nearly €11 billion of new transformational investments,” a statement said.

Italy beneficiary of over 12 billion euros for urban areas

Maybe never like this 2022 it was necessary to search at European level for one effective collaboration between companies, local authorities and banks. It takes “close cooperation between business, the public sector and financial partners globally,” he said Werner Hoyer, President of the EIB. It is proving vital to mobilize investments that will reduce emissions and the impact of global energy shocks and fight climate change. L'agreement with Florence goes in this direction and an administration concerned about extreme phenomena. In that context Jasmine Vigliotti, Vice President AT he recalled that “in the last five years Italy has received over 12 billion in loans for urban areas. With the last 200 million iThe Tuscan capital is the largest beneficiary among the Italian municipalities of our investments,” he said. Unfortunately Italy at risk does not stop in Tuscany and the tragedy of Casamicciola leaves a deep mark on the governance of territories notoriously exposed to extreme phenomena.

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