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EIB pioneer investment in climate fund turns into a crash dive, according to NGO report

Brussels, 28 Feb Showcased as the ultimate initiative to fight climate change, the European Investment Bank (EIB)’s participation in the Althelia Climate Fund is nothing like the social and environmental success it was described to be – say the NGO Re:Common and Counter Balance in a new report released today. Contributing up to €25m in […]

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EU is pushing biodiversity offsetting through the backdoor

Last year the European Commission was forced to ditch its plans to develop legislation on biodiversity offsetting after EU citizens overwhelmingly rejected such plans in a public consultation. Nevertheless this set back doesn’t seem to withhold the European Commission from pushing biodiversity offsetting forward in practice. Together with the European Investment Bank (EIB) it is […]

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The Natural Capital Financial Facility – A window into the “green” economy

This paper aims to build an understanding of how shifting funds from public grants towards financial mechanisms occurs  and  what  is  lost  in  the  process.  To  this  end  the Natural  Capital  Financial  Facility  (NCFF)  is  examined  due  to  its  fledgling  stage  which  will  be  tracked  in  the coming years. The NCFF has followed a trend […]

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Banking on forests

The European Investment Bank’s belief in financial alchemy to fix the climate crisis: The case of the Althelia Climate Fund The European Investment Bank is at the forefront of carbon market development through its support for REDD+ via the Althelia Climate Fund. Given the impact of REDD and REDD+, this paper argues that the EIB’s […]

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Thousands urge European Commission to ditch biodiversity offsetting

As the European Commission concludes its consultation on biodiversity offsetting, over 9000 people and 65 organisations have signed a letter urging the Commission not to pursue policy related to biodiversity offsetting (BO). They fear it would “harm nature and people, and give power to those who destroy nature for private profit.” The consultation sought views […]

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Biodiversity offsetting, making dreams come true

Biodiversity offsetting makes dreams come true. It is the license that can make bad developers’ dreams a reality. Across the world offsets already justify the destruction of irreplaceable ecosystems to make way for mining projects, motorways, pipelines … Europe is the new frontier for biodiversity offsets.The European Union is considering new legislation that permits biodiversity […]

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