Tag Archives: EFSI

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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Bratislava Bypass, flagship EFSI failure: non-transparent decisions for dubious public benefit – New report

  A EUR 1.76 billion-worth project guaranteed through the European Fund for Strategic Investments (EFSI)i, the Bratislava Bypass is a public-private partnership (PPP) supported by the Slovak government and promoted as the biggest EFSI project in Central Eastern Europe. Yet, preferred by the government to greener and more effective solutions to the traffic problems of […]

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Finance ministers’ proposal for Europe’s investment plan not in line with EU’s own climate goals

Today the ECOFIN Council agreed on its position on the future of the European Fund for Strategic Investments, EFSI, also referred to as the Juncker Plan or the Investment Plan for Europe. While it contains some good elements on climate action, the Council stills falls short of ensuring EFSI’s investments are in line with the […]

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REPORT: The best laid plans: why the Investment Plan for Europe does not drive the sustainable energy transition

by Markus Trilling, EU funds campaign coordinator at CEE Bankwatch If it seems too good to be true, it probably isn’t – a thought that inevitably comes to mind seeing the European Commission and the European Investment Bank congratulating themselves for the great job they’ve done. One and a half years after the launch of […]

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Juncker investment plan: deep reforms necessary for sustainable future, says new joint report

— Brussels, 28 September 2016 – Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today [1]. The report analyses projects approved by the European Fund for Strategic Investments (EFSI) in […]

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