Tag Archives: climate

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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[PRESS RELEASE] Too soon to call the EIB the “EU Climate Bank”

A new report released by the NGO coalition Counter Balance shows that it is too soon to call the EIB the “EU Climate Bank”. The EIB is planning to become the “EU Climate Bank” and to align all its operations with the objectives of the Paris Agreement through the creation of a Climate Roadmap. The EIB […]

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The Road Less Travelled: How the European Investment Bank’s Climate Roadmap 2021-2025 can lead it to become the climate bank

This report by CEE Bankwatch summarises the EIB’s undertakings on the road towards becoming the EU’s Climate Bank. It presents our findings on the implementation of the EIB’s 2015 Climate Strategy and looks at the results of the Bank’s climate action in the EU and enlargement countries. It also puts forward recommendations to the Bank. […]

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13 NGO’s urge EIB not to invest in Nice airport

Today, together with 13 NGO’s we sent a letter to the European Investment Bank (EIB) asking them not to support the expansion of the airport in Nice. This project is completely opposite to what the EIB is aiming to become, namely the EU Climate Bank. The original letter is in French, here is a short […]

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Green Deal vs fossil gas: Supporting Croatia LNG, a case of EU hypocrisy

The new decade just started with the approval of the European Green Deal and its €1 trillion plan to finance the transition to a low-carbon economy in Europe during the next ten years. It’s a historic step that follows the approval of an ambitious policy at the European Investment Bank (EIB) just a few months […]

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EIB plans to end funding fossil fuels by 2021

Originally published by Public Finance International. By: Calum Rutter – 2 Aug 19 The European Investment Bank looks likely to make a “game-changing” move and stop funding fossil fuels by the end of 2020. A newly released draft policy from the bank said rapid and drastic action was needed to fight climate change and meet the objectives […]

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EIB to stop financing fossil fuels by end 2020

Today, the European Investment Bank (EIB) published a draft of its new Energy Policy which proposes to end support to all fossil fuels beyond 2020. The draft policy is now to be approved by the bank’s shareholders, the EU Member States. Brussels, 26 July 2019 The EIB, the financial arm of the European Union, is […]

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EIB must stop funding fossil fuels, say 70 civil society groups

Brussels, 13 June 2019 Ahead of a meeting of the EU bank’s Governors in Luxembourg on Friday, 70 civil society organisations, think tanks and academics across Europe call for a fossil-free European Investment Bank (EIB) in a joint statement released today On June 14th, the EU Finance Ministers will gather in Luxembourg(1) as Governors of […]

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EU leaders keep saying climate is a priority. Here’s something they can do

Originally published on Climate Home News The European Investment Bank is the world’s largest multilateral lender and it keeps funding fossil fuels. Next week EU finance ministers can change that By Xavier Sol and Adriana Paradiso Fixing our climate is one of the biggest challenges our politicians will have to face in the years to come, […]

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First overhaul the investment bank for a greener EU

Originally published on EU Observer. By Adriana Paradiso In a few weeks, as European citizens we will be called to elect our new representatives at the European Parliament. This democratic choice will be essential to make sure they push on our behalf to shape the kind of Europe we want to live in. And an […]

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