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In Brief: EIB raises RePowerEU funding to €45bn; UK government sued again over net zero strategy

The latest news on ESG policy and regulation.

The European Investment Bank has raised to €45bn its funding under the REPowerEU plan, designed to stimulate the bloc’s independence from fossil fuel imports following Russia’s invasion of Ukraine. Sectors expected to benefit from the bank’s support include solar photovoltaic and solar thermal technologies, onshore and offshore wind, battery and storage, heat pumps and geothermal technologies, electrolysers and fuel cells, sustainable biogas, carbon capture and storage, and grid technologies. Companies active in the extraction, processing and recycling of related critical raw materials will also be able to apply for funding.

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