AIB has appointed Paul Travers as managing director climate capital.

Travers will be responsible for AIB’s green lending activities with a focus on renewable energy companies and critical infrastructure projects across Ireland, the UK, Europe and North America. The new climate capital segment of AIB’s business will help deploy AIB’s €30 billion Climate Action Fund and play a key role in underpinning the firm’s green bond offerings.

Travers joined AIB six years ago as head of energy, climate action and infrastructure.

AIB CEO Colin Hunt said: “Recognising rising customer demand and the need to do more to help combat climate change, AIB announced last November that we are tripling our Climate Action Fund to €30 billion as we take further action to support the transition to a zero-carbon future. The appointment of a Managing Director Climate Capital underlines the scale of our ambition to ensure a greener tomorrow through major lending for energy and climate action infrastructure both nationally and internationally. I am delighted to welcome Paul to AIB’s Executive Committee and look forward to his support in delivering our new three-year strategy to further green our loan book by building on our strong track record in funding critical infrastructure projects across Ireland, the UK, Europe and North America.’’

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