"Nuclear power and REs needed to reduce GHG emissions" (EIB financing guidelines for the energy sector)

"The reduction of greenhouse gas emissions, alongside the need for competitiveness and energy security, requires not only the large-scale development of established renewable technologies, such as wind and solar energy, but also the development of new or emerging sectors and clean technologies. This includes new nuclear technologies, such as small modular reactors (SMRs) and fusion, as well as low-carbon gases, such as biogas and hydrogen, and renewable fuels for heating and transport", states the EIB in its guidelines for the energy sector, published on 3 October 2025.

The document sets out the Bank's strategic direction for energy-related financing activities, in line with its climate roadmap for the 2026-2030 phase. The EIB has stopped financing projects linked to non-decarbonised fossil fuels since 2019 and the institution has increased its financing for energy infrastructure from €15Bn in 2019 to €31Bn in 2024.

"As long as electricity prices remain largely linked to those of natural gas, investment in technologies based on direct electrification (such as electric arc furnaces or…