EIB restricts – but does not eliminate – coal and other fossil fuel lending
24 July, 2013
Brussels — The European Investment Bank (EIB) announced today an energy policy that while introducing stringent criteria for financing coal power plants does not eliminate the possibility of support for coal or other fossil fuel energy sources.
Read morePPPs “poor in practice” admits new EBRD-financed study
22 July, 2013
Despite collecting impressive evidence from 20 years of failed public-private partnerships in central and eastern Europe, an EBRD-financed study by the Economist Intelligence Unit concludes to continue using the controversial financing scheme.
Read moreThe EBRD plans more climate damaging loans in new energy policy draft
22 July, 2013
London – The European Bank for Reconstruction and Development (EBRD) published July 19 a draft (pdf) of its future energy policy. According to CEE Bankwatch Network, although the bank correctly depicts the urgency of transitioning towards low-carbon economies, it falls short when it comes to commitments: lending to fossil fuels is envisaged to continue, including for coal, the dirties of fossil fuels; and promises to support renewables and energy efficiency, though welcome, are not accompanied by persuasive benchmarks and timelines.
Read moreNew facts are busting energy myths
18 July, 2013
Adequate decision making on energy policies must be based on accurate information and cannot rely on outdated knowledge and misconceptions. A new series of fact sheets explores the myths and facts of Europe’s energy sector.
Read moreUPDATED: A guide to examining the European Investment Bank’s energy lending portfolio
17 July, 2013
A thorough check of the European Investment Bank’s energy lending data shows that not all is as rosy as the EIB would like to see it. We’ve paired up with Open Spending to provide an introduction into how to interpret and scrutinise the numbers.
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