Tag Archives: EFSI

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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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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