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Home > European Investment Bank (EIB) > Updates on the European Investment Bank

Updates on the European Investment Bank

A mountain panorama seen from behind a raggedy wooden fence.

Systematic shortcomings will deprive people affected by Georgian dam of compensation

Blog entry | 11 September, 2017

An assessment of livelihoods of people to be affected by the Nenskra hydropower plant in Georgia is rigged with mistakes that will lead to significant losses for locals.

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Failing local communities – the Land Assessment and Livelihoods Restoration Plan for the Nenskra dam

Publication | 11 September, 2017

The Land Assessment and Livelihoods Restoration Plan for people to be affected by the Nenskra hydropower plant in Georgia is rigged with mistakes that will lead to significant losses for locals.

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Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime

Press release | 6 September, 2017

Revelations about the Azerbaijani Laundromat corruption scheme raise serious concerns over the EU’s intensifying relationship with the government in Baku and its readiness to turn a blind eye to the country’s human rights abuses and offer loans of millions of euros to a massive gas infrastructure project that would fill the pockets of the Azerbaijani corrupted elite.

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A wooden hanging bridge over a strong river stream. The word welcome is written in red letters on the bridge.

The true colours of Svaneti – A festival in the stunning Georgian mountains

Blog entry | 30 August, 2017

Despite the remote location, the culture festival We Are Svaneti brought together people from three continents and helped young Svans to become aware of their communities’ unique traditions.

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Four pairs of hands painting a 'NO TAP' sign.

EU urged to honour Paris Agreement, withdraw support for gas mega-pipeline

Press release | 3 July, 2017

In an open letter released today, climate scientists, indigenous leaders, environmental and social justice groups, actors and artists call on the European Union to immediately withdraw its support for a gas mega-pipeline that would ‘destroy Europe’s climate targets’.

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Flags of EU coutries in front of the EIB headquarter building.

How Europe’s bank spends cash for climate undermines Paris commitments

Press release | 22 May, 2017

An uneven investment strategy across the EU’s 28 Member States and a lack of added value by one of its main financial tools means that the EIB puts the EU at risk of not meeting its climate targets under the Paris Agreement, according to a new briefing from Counter Balance and CEE Bankwatch Network.

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The winners and losers of climate action at the European Investment Bank

Publication | 18 May, 2017

This analysis of the bank’s climate action is based on the climate action database disclosed by the EIB. The database includes projects which were signed in 2016 and classified in line with the methodology approved by the bank in its Climate Strategy.

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The EU Parliament building Strasbourg, a modern office building at a water front.

Investment Plan for Europe more climate friendly, but European Parliament shows little ambition

Press release | 16 May, 2017

Today in Strasburg, the European Parliament lead committees have brought the European Fund for Strategic Investments (EFSI) closer to compliance with the Paris Climate Agreement. However, they have once again fallen short of eliminating fossil fuel subsidies, which stand in the way of climate action.

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A crowd of residents in the front facing police forces in the background with trees standing across the scene.

Italian authorities overrun communities in a bid to enable Europe’s dash for gas

Press release | 8 May, 2017

In a last minute attempt to force facts on the ground, the Italian authorities have enabled the removal of a group of olive trees to make room for a future construction site of the Trans-Adriatic Pipeline (TAP), despite an earlier agreement between the company and local institutions. Nevertheless, the company has not been able to clear the site by the official deadline and the residents have vowed to step up their protest against the largest energy project the EU is currently pursuing.

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A person with a clown's nose holding a banner with the text "$ Green Climate Fund"

National and local levels play secondary role in Green Climate Fund, European Investment Bank project illustrates

Blog entry | 25 April, 2017

The use of international financial institutions to manage projects within the Green Climate Fund framework has been criticised as too far removed from communities and those affected by the investments. Recently approved projects, the biggest of them administered by the European Investment Bank confirm this view, despite willingness to include civil society.

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