Monday, March 20, 2023
 
 

Climate Action: EIB finances 40 new electric trains in Italy

- Advertisement -

The European Investment Bank (EIB) has provided a €68 million loan to Ente Autonomo Volturno (EAV), Campania Region’s railway management authority, to purchase 40 new electric trains, the European Commission said on 10 January. The new fleet will be deployed on the six lines of the Circumvesuviana, the railway network serving Naples and the province of Naples, and will help significantly relieve traffic congestion and reduce pollution in the entire area.
This project is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
“This €68 million loan for the purchase of 40 new trains for the Circumvesuviana network will help meet the daily needs of the people of Naples and promote the cultural life and economic development of the Naples region,” European Economy Commissioner Paolo Gentiloni said. “The European Union supports its regions and through the Investment Plan continues to deliver tangible benefits for its citizens. We are now working to step up and expand these kinds of operations, which skilfully marry our development goals with climate action.”
As of December 2019, the Investment Plan had mobilised €458.8 billion of investment across the EU, including €69.5 billion in Italy, and supported more than one million start-ups and small and medium businesses.
 

- Advertisement -

Subscribe to our newsletter

Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

Latest

EU-Turkey earthquake relief conference: Time to get serious

The European Union is hosting a reconstruction conference in...

Cambodia’s current government is the face of tropical Fascism

There is no hope that the authoritarianism that the world sees in places like Russia, China and Cambodia can ever be interpreted as a peaceful and benign phenomenon, or that it should be accepted by an implicit racist or discriminatory assumption that some cultures just don’t have a democratic tradition and aren’t quite capable of ever developing one.

Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria

Bulgaria intends to diversify its energy resources, including supplying...

Recovery from the disaster of the century needs more than a few months of international assistance

Two devastating earthquakes hit the Turkish-Syrian border on February...

Don't miss

EU-Turkey earthquake relief conference: Time to get serious

The European Union is hosting a reconstruction conference in...

Cambodia’s current government is the face of tropical Fascism

There is no hope that the authoritarianism that the world sees in places like Russia, China and Cambodia can ever be interpreted as a peaceful and benign phenomenon, or that it should be accepted by an implicit racist or discriminatory assumption that some cultures just don’t have a democratic tradition and aren’t quite capable of ever developing one.

Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria

Bulgaria intends to diversify its energy resources, including supplying...

Recovery from the disaster of the century needs more than a few months of international assistance

Two devastating earthquakes hit the Turkish-Syrian border on February...

Georgia has shown the world that a Kremlin project can be defeated

Over the past few days, the world’s attention was...

UN says ozone layer recovery is on track

UN experts said the ozone layer is on track to recover within four decades, with the global phaseout of ozone-depleting chemicals already benefitting efforts to mitigate climate change.

Croatia advances to the EU mainstream

 Croatia took a decisive step January 1 towards the mainstream of the European project by adopting the Euro as its currency while at the...

Russia’s invasion of Ukraine highlights fossil fuel dependencies

Every part of the part of Paris Agreement must be followed properly, the Czech Republic’s Deputy Environment Minister Jan Dusik said in comments to NE Global.

New climate finance tools emerging around COP27

To catalyze private capital to accelerate the clean energy transition in developing countries, the US' Special Presidential Envoy for Climate John Kerry, The Rockefeller...

Lula squeaks out a victory in Brazilian runoff

Lula championed himself as a defender of freedom and framed the election as a choice between “democracy and fascism'.

Full speed ahead speed towards digital & green transition in Lisbon

Transport plays a key role in reaching a global carbon-neutral economy, with climate change progressing faster than expected and countries struggling to meet the...

UN meeting searches for water & sustainability solutions

Ahead of the UN 2023 Water Conference scheduled for March 2023, scientists, representatives of the private sector and civil society discussed on October 22...

Kazakhstan, Azerbaijan, Turkey focus on Trans-Caspian International Transport Route

Strengthening regional connectivity, Kazakhstan, Azerbaijan and Turkey focused on the development of the Trans-Caspian International Transport Route, which is of crucial importance for increasing...