Reviewing the European Investment Bank’s carbon footprint methodology

policyIt  is  encouraging  that  the  European Investment  Bank  (EIB),  which developed  its  methodology  for calculating greenhouse gas emissions, published in 2012, is now considering its further review.

It is crucial for the Bank to periodically review  the  methodology,  to  be  in  line with the latest scientific developments regarding emissions calculations from different  sectors  in  order  to  properly track the impacts of financed projects. For the EIB, the EU’s financial arm, it is  a  matter  of  policy  compliance  to prevent the lock-in of carbon intensive technologies,  if  Europe  is  going  to meet  its  commitments  made  under the Paris Agreement to pursue efforts to limit temperature rise to 1.5°C.

Continue reading the briefing here.

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