The European Investment Bank (EIB) and Elia Transmission Belgium (ETB) have signed a €650 million green credit facility agreement, further broadening ETB’s financing portfolio and advancing Europe’s transition from fossil fuels to green energy. The proceeds are earmarked for the realisation of the first phase of the Princess Elisabeth Island project. The Belgian energy island is crucial for the Belgian and European energy transition, helping to bring large amounts of wind energy from the North
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Key takeaways from the survey:
- EU businesses lead way in investments in climate mitigation and adaptation, with 61% having already invested and 53% planning to do so.
- Use of advanced digital technologies on the rise as 74% of European firms embrace electronic systems to enhance competitiveness.
- Faced with trade shocks, firms are investing in more resilient and secure supply chains.
Companies in the European Union weathered relatively well the health, price and trade shocks of the last
The aerospace sector is undergoing significant changes, fueled by advancements in electrification and composite materials. As manufacturers aim to meet global emissions targets, the rise in patent filings for hybrid hydrogen-electric powertrains and lightweight composite fuselages highlights the growing focus on fuel efficiency and cost savings, says GlobalData, a leading data and analytics company.
Vaibhav Gundre, Project Manager of Disruptive Tech at GlobalData, comments