Tag Archives: energy policy

The EU’s house bank obstructs climate action with continued fossil fuels spending and lacking investment in sustainable energy – new report

Originally published on Bankwatch.org Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new […]

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Time for the EU’s bank to lead on the clean energy transition

As world finance paces up to adapt to the global fight against climate change, one main player is lagging behind: the European Investment Bank (EIB), the bank of the European Union. While the World Bank decided to stop financing upstream oil and gas extraction after 2019 and private groups such as Allianz or ING have […]

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New EIB policy against EU principles, say climate activists

Originally appeared in New Europe Environmentalists have reacted angrily to the European Investment Bank (EIB)’s draft energy lending policy, the result of a review process launched last year. The EIB announced on 24 June the contents of its draft policy, which will be put to shareholders next month. According to a press statement, the EIB’s […]

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EIB outlines new energy lending criteria

Controversy remains over whether the bank should fund coal plants. By Dave Keating , originally appeared in the European Voice The European Investment Bank published new plans for assessment criteria for energy projects yesterday (24 June), but the plan did little to calm controversy over whether the bank should be funding coal plants. EIB lending […]

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New EIB Energy Policy: A Missed Opportunity

Brussels — The EU’s global leadership on climate change is set to take another blow if the European Investment Bank, the EU house bank and one of the world’s largest public lenders, adopts a future energy lending policy as presented yesterday to the public. The draft policy includes weaker standards for lending to coal plants […]

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Eleventh hour for Europe’s bank to lead on climate change

Brussels — Ahead of next week’s expected release from the European Investment Bank of its final draft energy policy, CEE Bankwatch Network and Counter Balance are urging the EU’s house bank to ensure that its annual portfolio of EUR 70 billion is guided by a policy that enables Europe to meet its long-term commitments on […]

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