Archive | August, 2020

The EIB flying in the face of climate breakdown

As our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”,  demonstrates, the promises to align with the goals of the Paris Agreement and the planned ban on fossil fuels are not the end of the road for the EIB. Indeed, the EIB is still a long way from becoming the “EU […]

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Investing in mega-corridors: a development model at odds with the Paris Agreement

In recent years Counter Balance has explored the new wave of large-scale infrastructure projects financed all over the world in an attempt to understand the main drivers behind the “global infrastructure agenda”. International Financial Institutions like the EIB are a key driving force behind this trend. This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” to highlight why this agenda is not at all compatible with the Paris Agreement.

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Is banking on nature a solution? The risks of the financialisation of nature

This week’s blogpost, which builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”, looks into the risks associated with green finance and nature-based solutions. With the EIB likely to be a pioneer in this field as part of its commitments on climate and the protection of […]

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A myth to debunk: “Green Aviation”

This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” which uncovers some of the key areas where there are genuine risks that the European Investment Bank (EIB) will support “greenwashing practices”. Among these is the myth of green aviation, a myth that risks enabling […]

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EIB keeps denying Southern Gas Corridor climate impact

By Anna Roggenbuck and Clara Bourgin As it seeks to morph into the EU’s climate bank, the European Investment Bank (EIB) continues to downplay the climate footprint of many of the projects it finances, including that of Europe’s largest fossil fuels project, the Southern Gas Corridor. In November 2019, the EIB made important progress by […]

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