Tag Archives: coal

New briefing: Putting the EIB at the front of the clean energy transition

In a joint briefing sent to the Directors of the European Investment Bank (EIB), 14 environmental groups call on the EU bank to align its energy financing with the Paris Agreement. See the document here. In 2018, the European Investment Bank will review its Energy Lending Criteria, which offers the bank the opportunity to catch […]

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New study shutters EU claims on climate benefits from flagship energy project

Originally published by Bankwatch. The controversial Southern Gas Corridor, the EU’s flagship energy project, could be as emissions-intensive as coal power or even more, a new study reveals. 30 January 2018 In less than two weeks the Trans Adriatic Pipeline (TAP), a key section of the Southern Gas Corridor, could be awarded a record EUR […]

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Out for Summer, Episode 1: The Ambatovy mine in Madagascar – How the EIB is sweeping a development fiasco under the rug

This summer we would like to shed light on the European Investment Bank’s operations outside the EU. “Out for summer” is a series of articles focusing on different cases of troubled development stories. First stop: Ambatovy, Madagascar. The Ambatovy project, together with the Mopani mine in Zambia, was the last mining project directly financed by […]

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Fossil Fuel Subsidies Award Winners Revealed

Nine European countries have been named and shamed today in a public fossil fuel subsidies awards ceremony in Brussels. From 10 April until 8 May, the public voted on the deadliest, dirtiest and sneakiest subsidies to fossil fuels in Europe. A Special Award was also symbolically handed out to the EU institutions for their support […]

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Coal fired power plant in Romania

Pressure builds on EBRD to quit coal lending

The European Bank for Reconstruction and Development lags behind other major international financial institutions that are moving away from supporting dirty energy projects. As the European Bank for Reconstruction and Development holds a series of consultations on its draft energy policy this week, pressure is growing on the bank to stop financing new fossil fuel […]

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EIB restricts — but does not eliminate — coal and other fossil fuel lending

Brussels — The European Investment Bank (EIB) announced today an energy policy that while introducing stringent criteria for financing coal power plants does not eliminate the possibility of support for coal or other fossil fuel energy sources. The bank’s new energy policy will introduce Emission Performance Standards for all fossil fuel generation projects to screen […]

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