EIB's $60M Climate Investment in LeapFrog

European Investment Bank (EIB) committed $60 million to LeapFrog Investments’ Climate Investment Strategy, which aims to deploy $500 million in green technologies across Africa and Asia. The initiative includes support from the World Bank’s IFC, Temasek, and SIFEM. The investment focuses on sectors like battery-as-a-service, rooftop solar, and clean cooking to promote green tools and technologies for consumers. Key figures include EIB Group President Nadia Calviño and LeapFrog CEO Dr. Andy Kuper. The project aligns with EU climate policies and contributes to global climate change mitigation efforts.