Climate adaptation: EIB Group commits at least €30 Bn by 2030, “double what it delivered for 5 years"

The European Investment Bank (EIB) Group presented its Adaptation Plan Phase 2 on 22 October 2026. The plan sets a target of at least €30 billion in adaptation financing by 2030, double what the group delivered over the previous five years.

The plan runs from 2026 to 2030 and combines loans, guarantees and advisory support. It aims to speed up investment in climate-resilient infrastructure, cities and agriculture, in the EU and beyond. The Boards of Directors of the EIB and the European Investment Fund (EIF) endorsed it this week in Luxembourg.

The financing is meant to help Europe cope with heatwaves, droughts, wildfires and floods. It will cover energy networks, public buildings, water systems and climate-resilient farming.

Nadia Calviño, EIB Group President, called adaptation a…