Archive | December, 2011

Lending to a violent military government in the name of the Arab Spring

Pictures of the brutal violence perpetrated by the Egyptian army in Tahrir Square in recent days have shown the world who is ruling post-revolutionary Egypt. Although democratic elections are taking place for the first time in the country, a military government will still guide a transition at a minimum for most of 2012 until a […]

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Memories of an EIB holiday[*]

“The EIB has financed a Club Med hotel! In Morocco!” I remember that I thought of it as a silly joke when I first heard the news earlier this year. “I know where I’m going on holiday”, I contemplated, continuing in a silly vein. Yet silliness became a reality shortly after. The EIB was very […]

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An EIB holiday

Have you ever wondered where the EIB spends its money on? Just press play and we will show you in less than 2 minutes. We have also a French and a Dutch version available. We also prepared a paper to accompany this video. The paper is based on a fact finding mission to the project, […]

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EIB lends twice as much to fossil fuels as to renewables outside of the EU

‘Carbon Rising’, a study launched today by CEE Bankwatch Network [1] shows that fossil fuel projects account for 38% of the European Investment Bank’s energy lending in countries outside of the EU while only 19% goes to renewable energy projects [2]. “The EIB clearly fails to meet its own priorities of supporting efficient and sustainable […]

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European Bank attacked over its funding policy for climate change

Appeared in ClickGreen The European Investment Bank has been criticised for its role in carbon trading as a new report claims it distracts attention from real EU climate action. The new Counter Balance report, “Banking on carbon markets – Why the European Investment Bank has got it wrong in the fight against climate change” reveals […]

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New CB report: “EIB’s role in carbon trading distracts attention from real EU climate action”

A new Counter Balance report, “Banking on carbon markets – Why the European Investment Bank has got it wrong in the fight against climate change” [1] reveals that the EIB pledged EUR 589 million for six different carbon funds in which it is active. This is highly controversial as carbon trading does not contribute to […]

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