European Investment Bank Gives Green Light to €3bn for Clean Transition - CleanTechnica

The European Investment Bank (EIB) board has approved a €3 billion Frontloading Facility to provide early revenues to EU countries, enabling them to prepare citizens for higher fuel costs associated with the upcoming EU carbon price on heating and fuel, known as ETS2. This facility aims to support governments in managing the social and economic impacts of ETS2, which is set to be introduced in 2028 after a one-year delay. An additional €3 billion could be made available next year. The funding is intended to help transition households away from imported fossil fuels by investing in greener alternatives and shielding vulnerable populations from increased costs. The delay of ETS2 reduces immediate revenues and thus limits resources for the Social Climate Fund (SCF), which supports vulnerable groups. The Frontloading Facility, alongside a forthcoming review of the Auctioning Regulation, is critical to ensuring early investment in green solutions such as electric vehicle social leasing and improved public transport. However, the facility is only accessible to member states that have incorporated ETS2 into