The 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.
Read moreIndependent analysis questions economic viability of TES 6
Press release | 28 November, 2011Ljubljana – An independent analysis commissioned by Bankwatch and Focus published today reveals a number of unsubstantiated claims and methodological mistakes in the investment plan for the TEŠ 6 lignite plant in Slovenia. Correct calculations show that the internal rate of return is in reality lower than estimated by the project promoter, state-owned TEŠ. Had the rate of return been calculated properly, the project would not have qualified for the EIB loan of 440 million euros it is set to receive.
Read moreA critical examination of the investment proposals for Unit 6 of the Sostanj power plant
Publication | 28 November, 2011Four investment plans have been produced for the Sostanj lignite fired power plant in Slovenia with many differences in calculations and outcomes. This review of the latest investment plan illustrates a number of shortcomings including both methodological mistakes and unsubstantiated claims.
Read moreEuropean public banks must disengage with Egypt’s military junta
Press release | 22 November, 2011In light of the violence against civilians on the streets of Egypt today, CEE Bankwatch Network is requesting that the European Investment Bank and the European Bank for Reconstruction and Development immediately cease discussions and negotiations with the Egyptian government and authorities on all levels about potential financial involvement in the country until the Supreme Council of the Armed Forces (SCAF) cedes power to civilian leaders, the country has a legitimately-elected civilian government in control of the army, and military trials come to an end.
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