The European Commission, the European Investment Bank (EIB), the Cassa Depositi e Prestiti (CDP) and Deutsche Bank have partnered to roll out the €265 million European Energy Efficiency Fund, Science Business reports. The offering is designed to offer market-based financing for public energy efficiency and renewable energy projects within the European Union. The vehicle seeks to raise the total volume of funding to around €800 million by attracting further investors. The fund will also support EU member states in meeting the 2020 objectives of reducing greenhouse gas emissions, increasing renewable energy use and lowering energy consumption.
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