Tag Archives: EFSI

Future EU investment package falls short of climate ambition

Strasbourg/Brussels, 16 January 2019 Today the European Parliament took a disappointing stance on climate when voting to approve the establishment of InvestEU, the EU’s financing tool to attract private investments – say NGO groups CEE Bankwatch Network, Climate Action Network (CAN) Europe, WWF European Policy Office, and Counter Balance.  The approved investment package keeps the […]

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European Union fails to eliminate fossil fuels from the Juncker Investment Plan

December 12, 2017 Brussels While EU leaders are discussing climate finance at the One Planet Summit in Paris, today the European Parliament failed once again to prevent further public investments in fossil fuels. A decision made in the European Parliament turns a blind eye to the Juncker plan’s investments in energy projects which have so […]

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New report: Juncker Plan backs billions in fossil fuels and carbon-heavy infrastructure

14 November 2017 Brussels, Bonn — While in Bonn at the UN climate talks the EU touts the Paris Agreement, back in Brussels the European Union is set to continue a funding tool that in last two years has lent billions of euros for fossil fuels projects, finds a new study from CEE Bankwatch Network, […]

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European Parliament criticizes the Juncker Plan implementation

Brussels/Strasbourg, 15.6.2017 The European Parliament adopted today a critical resolution on the implementation of the Investment Plan for Europe (so-called “Juncker Plan”) and its flagship initiative – the European Fund for Strategic Investments (EFSI). Counter Balance welcomes the report adopted, although it paid little attention to the harmful environmental and climate impacts of projects supported […]

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How Europe’s bank spends cash for climate undermines Paris commitments

May 22, 2017 Prague, Brussels The EU’s 28 finance ministers will be meeting tomorrow (May 23) to discuss the priorities of the European Investment Bank (EIB) for the coming year. A new analysis finds the bank’s contribution to Europe’s response to the climate crisis has been worryingly insufficient and needs to be stepped up. An […]

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Investment Plan for Europe more climate friendly, but European Parliament shows little ambition

Today in Strasburg, the European Parliament lead committees have brought the European Fund for Strategic Investments (EFSI) closer to compliance with the Paris Climate Agreement. However, they have once again fallen short of eliminating fossil fuel subsidies, which stand in the way of climate action. Today the ECON/BUDG committees (1) voted on the European Parliament’s […]

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