Complaint regarding Sostanj TES6: CCS, public procurement, economic vialbility
Publication | 9 January, 2012The complaint, filed with the European Investment Bank by Environmental Law Service (CZ) and Focus Association for Sustainable Development (SI), outlines controversies in relation to the Sostanj lignite thermal power plant with regards to the following aspects: insubstantial allegation that the project is „carbon capture ready“ and that the assessment submitted by the operator fulfils the criteria set up by the relevant EU Directive, failure to comply with the relevant EU directive for public procurements, questionable economic viability of the project.
Read moreVideo: An EIB holiday
Blog entry | 3 January, 2012Baffled by an EIB loan to a holiday resort in Morocco, our friends from Counter Balance – Challenging the European Investment Bank had a closer look at the kind of development promoted there and came back with this wonderfully illustrative video.
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The new EIB transport policy: not yet ready for sustainability
Blog entry | 12 December, 2011On December 13, the EIB’s Board of Directors is about to approve the institution’s new Transport Policy. This new document constitutes an upgrade of the older 2007 Transport Policy of the bank which tries to incorporate the EU’s progressive agenda on the prevention of climate change (documents such as the “Europe 2020 Strategy” and the “Roadmap for moving to a competitive low-carbon economy in 2050”).
Read moreThe European Investment Bank – powering a sustainable future?
Publication | 8 December, 2011This briefing summarises the main findings of our report Carbon Rising: European Investment Bank energy lending 2007-2010.
Read moreWorld’s largest public lender almost doubles support to fossil fuels in past 4 years
Press release | 8 December, 2011Brussels — The European Investment Bank has increased its fossil fuel lending from 2.8 billion euros to 5 billion euros between 2007 and 2010, according to a study published today by environmental NGO CEE Bankwatch Network.
Read moreCarbon Rising: European Investment Bank energy lending 2007-2010
Publication | 8 December, 2011The study analyses energy lending by the EIB, the world’s largest public bank, since the institution launched its energy policy in 2007. While lending to renewables has increased in the period 2007-2010, support for fossil fuels has also risen, almost doubling from 2.8 billion euros in 2007 to 5 billion in 2010.
Read moreComments on the European Neighbourhood Policy and the forthcoming European Neighborhood Instrument
Publication | 30 November, 2011The primary goal of the EU’s neighbourhood policy should be based on an insistence on increased democracy in EU neighbourhood countries. This should happen through public participation in decision-making processes, the establishment of good governance and sustainable development practices, increased environmental protection and climate change mitigation and adaptation, as well as increased welfare and social security across these countries.
Read moreLetter to European Commission: Suggestions to improve the financial regulation for the European Neighbourhood Instrument
Publication | 30 November, 2011Also available on our website are detailed Comments on the European Neighbourhood Policy and the forthcoming European Neighborhood Instrument.
Read moreThe EIB energy policy revision process
Publication | 30 November, 2011During a meeting with civil society organisations in October 2011 the EIB announced it would begin a revision of its energy lending policy in 2012 and solicit public input. This briefing gives a brief overview over the process and the necessary changes in the bank’s energy policy that would help bringing the EIB’s energy lending in line with Europe’s climate targets.
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Bankwatch Mail 50
Publication | 29 November, 2011Bankwatch Mail 50 contains a range of European development finance issues with a particular focus on EU Funds as we publish on the day of our Green investments to the rescue conference in Brussels.
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