European Investment Bank

The European Investment Bank is responsible for:

  • Auctioning the allowances which provide the resources of the Modernisation Fund; these allowances will be auctioned in equal annual volumes from 2021 to 2030, in accordance with the Auctioning Regulation
  • Confirming whether an investment is a priority or a non-priority one
  • Conducting financial and technical due diligence of non-priority investments, including an assessment of the expected emission reductions
  • Managing the assets of the Modernisation Fund
  • Transferring the respective resources to the beneficiary Member States following the disbursement decision of the Commission, and keeping track of the use of Member State resources
  • Providing the secretariat of the Investment Committee
Governance European Investment Bank