Tag Archives: fossil free

EIB plans to end funding fossil fuels by 2021

Originally published by Public Finance International. By: Calum Rutter – 2 Aug 19 The European Investment Bank looks likely to make a “game-changing” move and stop funding fossil fuels by the end of 2020. A newly released draft policy from the bank said rapid and drastic action was needed to fight climate change and meet the objectives […]

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EIB plans to cut all funding for fossil fuel projects by 2020

Originally published by the Guardian. EU’s lending arm financed oil, gas and coal projects in 2018 with more than €2.4bn Jillian Ambrose Energy correspondent Fri 26 Jul 2019 16.36 BST The European Investment Bank has vowed to end its multibillion euro financing for fossil fuel projects by the end of next year in order to align its strategy […]

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EIB to stop financing fossil fuels by end 2020

Today, the European Investment Bank (EIB) published a draft of its new Energy Policy which proposes to end support to all fossil fuels beyond 2020. The draft policy is now to be approved by the bank’s shareholders, the EU Member States. Brussels, 26 July 2019 The EIB, the financial arm of the European Union, is […]

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