The EIB Group has launched its Adaptation Plan Phase 2, which targets at least €30 billion for climate adaptation by 2030. The plan has been endorsed by the Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF).
The target doubles the group's adaptation financing compared with the previous five years. The Phase 2 programme for 2026–2030 combines financing, guarantees and advisory support to speed up investment in resilient infrastructure, cities and agriculture. The EIB Group frames it as part of its Climate Bank Roadmap Phase 2 for 2026–2030 and as support for the European Commission's resilience agenda.
SECTORS AND MEASURES THE PLAN COVERS
The EIB Group says the financing will reach sectors ranging from energy networks and public buildings to water systems and climate-resilient agriculture. It will support investments across Europe and beyond to help communities adapt to heatwaves, droughts, wildfires and floods.
The plan emphasises water-efficient irrigation, storage and reuse, along with climate-resilient farming practices and nature-based solutions, including restoring wetlands, forests and floodplains. It also links climate-risk information to practical project development, aiming to make adaptation easier to identify and finance, particularly for smaller businesses.
Risk screening and adaptation planning will run through ClimateSET, described as an open-access digital tool developed with the Copernicus Climate Change Service. The tool is expected to launch later in 2026 and will be integrated into an enhanced Green Checker, a system intended to help businesses and financial intermediaries identify investments that respond to climate risks in their areas.
By emphasising tools to identify climate risk, advisory support and a structured pipeline for investment, the initiative is positioned to reduce delays between risk assessment and project funding.
TECHNOLOGY DELIVERY AND SUPPORT BEYOND THE EU
Through TechEU, the EIB Group will help European companies bring adaptation-related technologies, such as cooling systems, resilient energy solutions and water-saving technologies, to market.
Outside the European Union, the group says it will step up support for climate-vulnerable nations, with particular attention to small island developing states and least-developed countries. Its broader strategy includes climate-resilient water infrastructure in Argentina and efforts to improve access to safe drinking water and sanitation in Ghana.
HOW THE TARGET COMPARES WITH PAST DELIVERY
The EIB's first Adaptation Plan was approved by its Board in October 2021 and aimed to raise adaptation finance to 15% of its climate action by 2025. In 2023, adaptation volume was 6.5% of total climate action volumes, against that 15% target.
The EIB is the largest multilateral lender and borrower in the world, and it set a goal of directing 50% of its financing to climate action and environmental sustainability by 2025. Research shows that every euro invested in adaptation can generate up to €10 in benefits for people and economies.
BOARD APPROVALS ALONGSIDE THE PLAN
Alongside adopting the plan, the EIB and EIF Boards approved €11.8 billion in new financing. Of that, €5.5 billion is intended to strengthen Europe's energy autonomy and reduce power costs.
The new EIB financing covers energy infrastructure in France, Germany, Hungary and Italy; renewable energy in Austria, the Netherlands and Romania; and energy efficiency in Spain and Sweden. It also includes support for Europe's life-sciences sector, aimed at innovation, scale-up and resilience of supply chains.
EIF approvals include support for business competitiveness in areas such as innovation, digitalisation and clean energy, as well as eight investments under TechEU, including backing for cleantech. The EIB Board also held its annual seminar with civil society organisations, focusing on affordable housing as essential social and economic infrastructure.