EIB and French CDC Biodiversité promote nature conservation

EPA/NICOLAS BOUVY

A file photo dated 15 December 2008 showing an exterior view of the European Bank of Investment in Luxembourg. The European Investment Bank has put on hold lending to the German carmaker Volkswagen, amid concerns that a previous loan may have played a role in its emissions scandal, the president of the European Union's lending arm Werner Hoyer says 14 January 2016. 'For many, many years we have been active in high-tech research and development with Volkswagen,' Werner Hoyer said in Brussels. 'We were astonished, disappointed and we are now concerned about the allegations, including indications by senior company executives of improper and possibly fraudulent behaviour by Volkswagen.'

EIB and French CDC Biodiversité promote nature conservation


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The EIB has signed a €5 million loan with CDC Biodiversité, the subsidiary of the French national promotional bank Caisse des Dépôts et Consignations, to support biodiversity compensation services.
This is the first project of this kind in France, and it is backed by a guarantee from the Natural Capital Financing Facility, under which the EIB and the European Commission are supporting projects on nature conservation, biodiversity and climate adaptation.
More than €400 million of new nature conservation investment is expected to be supported by the €125 million Natural Capital Financing Facility by 2021.

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