Tag Archives: gas

EU bank urged to free itself from fossil fuels and take climate leadership, as it discusses new energy policy

Brussels, 4 February 2019 Civil society calls on European Investment Bank (EIB)’s President Werner Hoyer to take a bold stance in the fight against climate change and lead the bank out of fossil fuels by shifting its investments towards renewable energy and energy efficiency. The  “Fossil Free EIB” campaign has been launched today alongside a […]

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European Parliament takes incoherent steps on climate in future EU investments

Strasbourg / Brussels, 13 December 2018 As governments discuss how to implement the Paris Climate Agreement at the COP24 in Katowice, today the Budget and Economic Affairs committees of the European Parliament failed to prevent further public investments in fossil fuels under InvestEU, the EU’s financing tool to attract private investments – say NGOs group […]

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COP24 diary – day #10: Coal bonanza at the EIB

Originally published on Euractiv. By Claire Stam, 12 Dec 2018 Is Europe serious about phasing out fossil fuels? While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) continues to fund climate-damaging fossil fuel projects, having disbursed more than €11.8 billion in fossil fuel projects since 2013, Friends of the Earth Europe, Counter Balance […]

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NGOs urge EU bank to quit fossil fuels investments, as it touts its climate commitment at COP24

Brussels – Katowice – Prague, 11 December 2018 While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) still continues to fund climate damaging fossil fuel projects, having disbursed more than EUR 11.8 billion in fossil fuels projects since 2013 – point out NGOs in a new briefing State delegations […]

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The EIB obstructs climate action with continued fossil fuels spending and lacks investment in sustainable energy – report

Originally published on Bankwatch.org Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new […]

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Uncertainty looms on the future of TAP, as EBRD envisages loan decision

By Elena Gerebizza, Re:Common After months of suspense and hesitations, the new Italian government is finally settled in Rome and didn’t wait long to fire out some first juicy declarations. Based on a “political contract” between the 5star Movement and the Northern League, the government’s patchwork agenda envisages to re-discuss planned big infrastructure projects – […]

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