Archive | July, 2013

EIB restricts lending for fossil fuel projects, with exceptions

By Arthur Neslen, originally appeared in Euractiv The European Investment Bank (EIB) has raised the bar on criteria that must be met for funding future fossil-fuel projects in a new energy lending policy, approved by bank shareholders – mostly EU member states – at a board meeting in Luxembourg on 23 July. The new Emissions […]

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European Investment Bank to reinforce support for renewables and energy efficiency investments

Originally appeared on Energy-cities website The European Investment Bank (EIB) has adopted new guidelines to reinforce support for investment in renewable energy, energy efficiency and energy grids. Over the last 10 months, the EIB has undertaken a comprehensive review to ensure that its lending criteria reflect EU energy and climate policy, as well as current […]

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European Investment Bank to stop financing coal-fired power plants

Originally appeared in the Guardian Bank revises lending criteria to support EU climate policy on cutting carbon emissions across Europe The European Investment Bank, the EU’s main lending arm, said it would stop financing most coal-fired power stations to help the 28-nation bloc reduce pollution and meet its climate targets. New and refurbished coal-fired power plants will not […]

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EIB restricts — but does not eliminate — coal and other fossil fuel lending

Brussels — The European Investment Bank (EIB) announced today an energy policy that while introducing stringent criteria for financing coal power plants does not eliminate the possibility of support for coal or other fossil fuel energy sources. The bank’s new energy policy will introduce Emission Performance Standards for all fossil fuel generation projects to screen […]

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PHOTO COMPETITION – Picture Europe’s energy future!

*Check our series of factsheets for inspiration and background information. Carefully read the rules of the competition and fill out the application form before participating.    This activity is taking place with the financial assistance of the European Union and the Education, Audiovisual and Culture Executive Agency (EACEA)

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EU Bank ‘Funding Polluters’

By Ida Karlsson, originally appeared on IPS BRUSSELS, Jul 14 2013 (IPS) – The European Investment Bank, the largest institutional bank in the world, is facing criticism for its funding of fossil fuel projects and for weaker standards for lending to coal plants than currently proposed in both the U.S. and Canada. The EIB now promotes clean […]

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Myths and facts: energy in Europe

With this new series of energy factsheets Counter Balance wants to introduce EU citizens to the basics of different EU energy developments. We take a look at where and how Europe and its public banks mobilise their money to finance and develop the energy infrastructure of the future. [mwm-aal-display] There are plenty types of energy, […]

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Fuelling controversy

By Dave Keating, originally appeared in the European Voice The EU’s investment bank is under pressure to stop financing coal plants Late one Wednesday afternoon earlier this year, journalists covering the European Union received by email what appeared to be a fairly standard press release from the European Investment Bank, the financing arm of the […]

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The EBRD’s silent shale gas coup in Tunisia

Tunis — On 9 July the European Bank of Reconstruction and Development will decide on a USD 60 million loan to Serinus Energy for a project to develop four oil and gas fields in Tunisia, which is also likely to include drilling for shale gas. Twenty groups in Tunisia and Europe are calling on the […]

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The EIB and development, a chance to clean up the bank’s act

The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements. “The European Investment Bank is not a development bank, it is an investment bank designed to support EU policies, including external […]

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