The European Investment Bank (EIB) intends to place stricter CO2 emission standards on coal power plants that it finances, but not as strict as the standards president Obama recently proposed in the US. The EIB is also considering investing in shale gas projects, according to a draft of its new energy lending policy. NGOs accuse the EIB of a “missed opportunity to politically reject coal”. With the EBRD and World Bank also mulling new investment criteria, the battle to “green up” Big Energy Money is heating up.
Continued investment by international public finance institutions in traditional energy projects are hindering the chances of countries in the western Balkans to comply with EU accession requirements, according to a new report.
International financial institutions must phase down their support of fossil fuel-based projects in EU candidate countries to help the states adapt more easily to the bloc's policies, climate commissioner Connie Hedegaard has warned.
ROMA - I forti investimenti nei combustibili fossili da parte delle istituzioni finanziarie internazionali (Ifi) nei Balcani occidentali stanno ostacolando la conformità di questi paesi ai requisiti per l'adesione all'Ue. E' quanto si sostiene nel nuovo rapporto "Invest in Haste, Repent at Leisure" (Se investi frettolosamente, poi te ne penti) diffuso oggi da See Change Net, Cee Bankwatch Network e Wwf, che chiedono lo stop degli investimenti pubblici internazionali verso i combustibili fossili.