Making the “EU Climate Bank” a reality
January 28, 2021
A joint letter from Bankwatch and 46 other civil society groups, calling on the EIB leadership to close the gaps in the Bank’s ‘Climate Bank Roadmap 2021-2025’ and fully align its operations with the Paris Agreement.
EIB keeps denying Southern Gas Corridor climate impact
August 4, 2020
As it seeks to morph into the EU’s climate bank, the European Investment Bank (EIB) continues to downplay the climate footprint of many of the projects it finances, including that of Europe’s largest fossil fuels project, the Southern Gas Corridor.
European Parliament asks European Investment Bank to double down on sustainability and transparency
July 9, 2020
The European Parliament has called on the European Investment Bank (EIB), the world’s largest public lender, to facilitate Europe’s effort to tackle the climate crisis by fully aligning its investment policies and practices with the Paris climate accord.
Urgent call to take steps to become the EU Climate Bank
June 24, 2020
Joint civil society letter: Urgent call to take steps to become the EU Climate Bank – Status quo is not an option
GE says it’s going green. Overseas, it’s still pushing coal
March 2, 2020
In the U.S., GE is increasingly known for wind turbines and other renewable energy technology, among many other products. But the 1,200-megawatt plant due to be built on Vietnam’s northern coast is one of 19 coal power projects the company is working o
European public banks continue financing coal bonanza
October 1, 2018
The EIB and EBRD have been channelling billions of euros in public money to fossil fuels dependent companies, hampering the international community’s efforts to tackle climate change.
65 groups from 28 Countries tell EBRD and EIB to stop financing fossil fuels
September 28, 2018
The letter is written on the need to ensure the ongoing energy reviews at the European Bank for Reconstruction and Development and the European Investment Bank are aligned with the Paris Agreement goals.
The EU’s flagship project lacks climate assessment
March 16, 2018
While the EU portrays itself as a leader of the Paris Agreement, its financial arm – the European Investment Bank (EIB) – approves another loan to the controversial Southern Gas Corridor project without proper climate impact assessments.
Leaving Paris, the European Investment Bank steps on the gas
February 12, 2018
Distancing itself from the EU’s climate commitments enshrined in the Paris Agreement, the European Investment Bank has effectively taken a U-turn in its energy lending last week when it approved a record loan for the Trans Adriatic Pipeline.
The weakest link – the EBRD’s energy lending 2010-2016
December 11, 2017
Despite commitments to help address the climate crisis, the European Bank for Reconstruction and Development awarded fossil fuel projects EUR 4.05 billion between 2010 and 2016 – more than double its support for renewable energy during the same period.
