Cities today issue 12 | Page 54

SPONSORED STATEMENT Photo: EIB Urban areas house 75 percent of the European Union’s population and generate 85 percent of its GDP but they also account for 80 percent of energy consumption and greenhouse gas emissions. The European Investment Bank has made greener and more sustainable cities a priority and committed over €8 billion to such projects in 2012 A fund backed by the EIB has led to the regeneration of the Colgate Palmolive factory in Salford, UK W