European development bank decides to keep cooking the planet
15 December, 2023
The board of the European Bank for Reconstruction and Development (EBRD) decided yesterday, 14 December, to green-light a new energy lending policy that, with some caveats, allows for continued financing of fossil gas pipelines and gas-fired power plants.
Read moreWhy the Bulgaria-Turkey gas deal could be a Russian Trojan horse
13 December, 2023
Promoted as a means to diversify gas sources, an agreement signed earlier this year by the Bulgarian government to import fossil gas from Turkey is only likely to provide a backdoor for Russian energy and undermine efforts to alleviate Europe’s dependence on fossil fuels
Read moreCrunch time for European development bank’s fossil fuel spending
12 December, 2023
The European Bank for Reconstruction and Development (EBRD) is set to decide the future of its energy investments right after the latest round of UN climate negotiations concludes this week. Its Executive Directors must heed the EU’s call for a fossil fuel subsidy phase-out
Read moreNew EIB President Nadia Calviño must put people’s needs first
8 December, 2023
The new European Investment Bank (EIB) President Nadia Calviño must tap into the Bank’s green and social potential. She should direct the EIB to mobilise its resources to meet the fundamental needs of people and to assist with transforming our society into one that’s ecological and sustainable.
Read moreOn 14 December 2023, the European Bank for Reconstruction and Development (EBRD) could decide to end all fossil fuel investments
7 December, 2023
Two days* after COP 28 is due to conclude, the board of directors of the EBRD, a multilateral development bank owned by 72 governments, will vote on its new Energy Sector Strategy. This policy will guide the Bank’s energy investments until 2028.
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