Bankwatch

Home > Bankwatch in the media > Bankwatch: EIB Invested EUR 11.8bn in Fossil Fuels in the Years 2013-2

Bankwatch: EIB Invested EUR 11.8bn in Fossil Fuels in the Years 2013-2

7 September 2018, Energetika.Net

A newly released Bankwatch analysis shows that in the years 2013-2017 the European Investment Bank (EIB) invested EUR 18.4 billion in renewable energy projects in Europe and beyond. However, at the same time, it handed out EUR 11.8 billion in EU public money to fossil fuel projects, said the CEE Bankwatch Network, which monitors publicly financed projects and promotes environmentally-friendly alternatives, on Thursday.

Source: Bankwatch: EIB Invested EUR 11.8bn in Fossil Fuels in the Years 2013-2

Institution: EIB

Tags: EIB | EIB energy | energy

By clicking accept, you agree to the use of cookies. more information

We use cookies to: - Better understand and store user’s preferences for future visits. - Gather statistical data about site traffic and user behaviour and interactions in order to offer better site experiences and tools in the future. We may also use trusted third-party services that track this information on our behalf. You can enable your device to notify you each time a cookie is being sent by changing your browser settings. If you turn cookies off, It won’t affect the user’s experience .

Close