A. European Central Bank
B. European Investment Bank
C. European Bank for Reconstruction and Development
D. European Stability Mechanism

Explanation:

Reuters reported that the European Investment Bank doubled its planned climate-adaptation spending to €30 billion. The funding is intended to help address risks such as heatwaves, droughts, wildfires and floods.

Important points

• – EIB stands for European Investment Bank.
• – Climate adaptation means preparing for the effects of climate change.
• – Adaptation measures may include flood protection, water management and more resilient infrastructure.

Related questions and answers

– Q: Where is the European Investment Bank headquartered?

A: Luxembourg City, Luxembourg.

– Q: What is the difference between climate mitigation and adaptation?

A: Mitigation reduces the causes of climate change; adaptation reduces harm from its effects.

– Q: Which international agreement is a central framework for global climate action?

A: The Paris Agreement.