Tag Archives: climate

Banking on high-carbon maritime industry

Aside from aviation and road transportation, the EIB is also greatly contributing to the growth of the maritime industry. This blogpost, building on a section from our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?”, discusses why such investments are incompatible with the bank’s commitment to align with the Paris Agreement. […]

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Trials start in Italy over the controversial Trans Adriatic Pipeline

On Friday the 11th of September, two trials will start in Lecce. These trials concern on one hand the local opponents to the controversial Trans Adriatic Pipeline (TAP) and on the other hand the company promoting the project. In one of the trials stands the Swiss-based company TAP AG – which is promoting one of […]

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Support to motorways and highways: roads to nowhere?

As highlighted in our new report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” and in last week’s blogpost on aviation, the EIB’s approach to transport requires a massive revamp if the bank is going to uphold its climate commitments. This blogpost looks into the EIB’s problematic investments in motorways and highways and […]

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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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EU Watchdog Radio – Episode 9: EU Green Deal or Grey Deal?

In this ninth episode, Belén Balanyá and Lala Hakuma Dadci both researcher and campaigner at Corporate Europe Observatory, take a step back and have a critical look at what is currently happening with the EU flagship project the EU Green Deal (EGD). The EGD could be one of the most important and hopeful EU policy […]

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EU Watchdog Radio – Episode 8: EU Climate Bank – Greenwashing or Banking Revolution?

In this eighth episode, Clara Bourgin, research and policy assistant at Counter Balance digs into the recent commitments taken by the Europe Investment Bank (EIB) – the lending arm of the European Union – to become the “EU Climate Bank”. Back in November 2019, the EIB took the groundbreaking decision to phase out its support […]

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The EIB as climate bank: Leader of the pack or pulling up a smokescreen?

A shorter version of this article can be found on Climate Home News. The European Investment Bank (EIB) has announced its plan to become the “EU Climate Bank” with big fanfare at the end of 2019. The turning point was the approval of a new energy policy phasing out support to fossil fuels and the […]

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