European Investment Bank Presents New Climate Change Study
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1 July 2008: Philippe de Fontaine Vive, European Investment Bank (EIB) Vice-President, has presented the results of a study on climate change in the Mediterranean and its consequences on the development of Maghreb and Machreq countries.

The study shows climate change effects will have the largest impact on the economies of countries South and East […]

Eib_2
1 July 2008: Philippe de
Fontaine Vive, European Investment Bank (EIB) Vice-President, has presented the results of a study on climate change in the
Mediterranean and its consequences on the development of Maghreb and Machreq
countries.

The study shows climate change effects will have the largest impact on the economies of countries South and East
of the Mediterranean with the “cost of inaction” calculated around US$30-35 billion, considering a scenario
with oil prices around US$120 per barrel. [Press
Release
]

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