How many elephants does it take to build a gas pipeline?
Blog entry | 23 January, 2023In October 2022, the EBRD published no fewer than eight environmental and social assessments on the Greece – North Macedonia fossil gas pipeline for public consultation. Thousands of pages analyse every nook and cranny along the planned route, but fail to notice the elephant in the room: the project’s massive greenhouse gas emissions.
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Quick guides to EIB’s standards
Publication | 16 November, 2022Click here to download all guides. These factsheets present the major requirements that the EIB’s standards have for project promoters (the EIB’s counterpart in an operation/project). These guides also include the documents which the promoter needs to
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EIB moves to curb intermediated hydropower financing
Blog entry | 29 July, 2022The EU’s house bank has recently updated its exclusion list, a document detailing what kind of projects it will not finance. This finally closes a long-standing loophole allowing ill-suited intermediaries to finance hydropower projects.
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EIB Global: new branding, old problems
Blog entry | 20 July, 2022With the launch of its new development branch EIB Global, the European Investment Bank (EIB) has shown its appetite for becoming a significant player in the field of development finance. However, without a major change in the Bank’s management and the shareholders’ approach to the impacts of its operations, EIB Global will remain a public relations exercise and a lost cause.
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The real cost of hydropower plants in Central Asia and the Caucasus
Blog entry | 12 July, 2022International financial institutions’ support for hydropower in Central Asia and Caucasus is fuel for environmental damage and human rights violations.
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Watershed moment for EIB’s climate ambitions as EU rushes to quit Russian fossil fuels
Blog entry | 16 June, 2022More than ever before, the European Investment Bank (EIB) has to step up its climate finance game.
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FLATTERING TO DECEIVE: A reality check for the ‘EU Climate Bank’
Publication | 15 June, 2022This report seeks to inform important processes taking place at the EIB in 2022 and 2023, specifically the mid-term reviews of its Energy Policy and its Climate Roadmap.
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EU bank hands out billions to companies complicit in burning fossil fuels
Press release | 14 June, 2022The European Investment Bank (EIB) has pumped billions of euros into polluting fossil fuel companies over the past two years despite talking up its climate credentials, new research by Counter Balance and CEE Bankwatch Network reveals.
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Shaping the future of EIB Global
Publication | 3 June, 2022In 2022, the EIB created a new development branch called EIB Global. The creation of this new branch raises many issues and questions that are explored in this paper.
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Pouring millions from empty into the void
Blog entry | 30 May, 2022EBRD and EIB investments in Bulgarian hydropower have once again been hit by scandal with the recent failure of the Chaira pumped storage plant and revelations about the illegality of small hydropower plants. The planned Yadenitsa dam would be more of the same: will the EBRD and EIB be wise enough to say no?
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