The head of the European Union's powerful lending arm has urged leaders not to backslide on climate targets amid the energy crisis and signalled a joint action plan from the world's top development banks at next month's COP 27 summit and on Ukraine.
Werner Hoyer, president of the European Investment Bank (EIB), said the energy market turmoil caused by Russia's invasion of Ukraine had undoubtedly been a setback for net zero emissions goals, but that the path forward remained unchanged.
