Banking on high-carbon maritime industry

Aside from aviation and road transportation, the EIB is also greatly contributing to the growth of the maritime industry. This blogpost, building on a section from our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”, discusses why such investments are incompatible with the bank’s commitment to align with the Paris Agreement. […]

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Trials start in Italy over the controversial Trans Adriatic Pipeline

On Friday the 11th of September, two trials will start in Lecce. These trials concern on one hand the local opponents to the controversial Trans Adriatic Pipeline (TAP) and on the other hand the company promoting the project. In one of the trials stands the Swiss-based company TAP AG – which is promoting one of […]

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Support to motorways and highways: roads to nowhere?

As highlighted in our new report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” and in last week’s blogpost on aviation, the EIB’s approach to transport requires a massive revamp if the bank is going to uphold its climate commitments. This blogpost looks into the EIB’s problematic investments in motorways and highways and […]

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[REPORT] Too soon to call the EIB the “EU Climate Bank”

A new report released by the NGO coalition Counter Balance shows that it is too soon to call the EIB the “EU Climate Bank”. The EIB is planning to become the “EU Climate Bank” and to align all its operations with the objectives of the Paris Agreement through the creation of a Climate Roadmap. The EIB […]

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The EIB flying in the face of climate breakdown

As our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”,  demonstrates, the promises to align with the goals of the Paris Agreement and the planned ban on fossil fuels are not the end of the road for the EIB. Indeed, the EIB is still a long way from becoming the “EU […]

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Investing in mega-corridors: a development model at odds with the Paris Agreement

In recent years Counter Balance has explored the new wave of large-scale infrastructure projects financed all over the world in an attempt to understand the main drivers behind the “global infrastructure agenda”. International Financial Institutions like the EIB are a key driving force behind this trend. This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” to highlight why this agenda is not at all compatible with the Paris Agreement.

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Is banking on nature a solution? The risks of the financialisation of nature

This week’s blogpost, which builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”, looks into the risks associated with green finance and nature-based solutions. With the EIB likely to be a pioneer in this field as part of its commitments on climate and the protection of […]

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A myth to debunk: “Green Aviation”

This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” which uncovers some of the key areas where there are genuine risks that the European Investment Bank (EIB) will support “greenwashing practices”. Among these is the myth of green aviation, a myth that risks enabling […]

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EIB keeps denying Southern Gas Corridor climate impact

By Anna Roggenbuck and Clara Bourgin As it seeks to morph into the EU’s climate bank, the European Investment Bank (EIB) continues to downplay the climate footprint of many of the projects it finances, including that of Europe’s largest fossil fuels project, the Southern Gas Corridor. In November 2019, the EIB made important progress by […]

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The EIB fossil fuels ban: The proof is in the pudding

This blogpost builds on our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” to expose the loopholes of the new energy policy and the many gas projects that continue to be approved by the European Investment Bank (EIB). As last week’s blogpost has similarly shown, the risk that the EIB will […]

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EU Watchdog Radio: Episode 10 – An EU love affair with fossil fuel

In this tenth episode, German investigative reporter Harald Schumann describes how and why many EU member states seem to still have a crush on fossil fuels. Despite the overwhelming knowledge and practical evidence of the effects of climate change, governments keep subsidizing the use of fossil fuels. Schumann and his colleagues from the pan-European journalistic […]

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Green and renewable gas: the risk of financing fossil fuels through the back door

This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” which uncovers some of the key areas where there are genuine risks that the European Investment Bank (EIB) will support “greenwashing practices”. Among these are the false promises of “green” or “renewable” gas, a trap […]

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“Infrastructure mega corridors: a way out (or in) to the crisis? “

Translated from an original blogpost in Italian by Elena Gerebizza and Filippo Taglieri from Re:Common introducing their new report: “The great illusion. Special economic zones and infrastructure mega-corridors, the way to go?”  In the last few months our lives have changed dramatically. Many of us lost their jobs while many others continued working under extreme […]

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EU Watchdog Radio – Episode 9: EU Green Deal or Grey Deal?

In this ninth episode, Belén Balanyá and Lala Hakuma Dadci both researcher and campaigner at Corporate Europe Observatory, take a step back and have a critical look at what is currently happening with the EU flagship project the EU Green Deal (EGD). The EGD could be one of the most important and hopeful EU policy […]

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