Energy doublethink: contradictions at the EU bank in combatting climate change
September 11, 2018
See the web-version of the report. This year the European Investment Bank is expected to review its 2013 ‘Screening and Assessment Criteria for Energy Projects’, also known as its Energy Lending Criteria, which governs the types of projects the bank ca
The EU’s house bank obstructs climate action with continued fossil fuels spending and lacking investment in sustainable energy – new report
September 6, 2018
Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new report details a set of measures – including an unequivocal commitment to end support for fossil fuels – that can be introduced in the course of the upcoming review of the EIB’s energy strategy to ensure the world’s largest public lender facilitates the global effort to tackle the climate crisis, rather than hamper it.
European Investment Bank energy lending 2013-2017
August 31, 2018
Energy doublethink Contradictions at the EU bank in combatting climate change Anna Roggenbuck EIB policy officer Alternative news on the EIB Help us watchdog the world’s biggest public lending institution by signing up for our e-mail updates. Learn mor
Momentum building in Latvia for transition to a low carbon economy and independence from Russia’s gas
July 24, 2018
On 12 July, Bankwatch member group in Latvia Green Liberty brought together a group of energy experts with Krisjanis Karins, a member of the European Parliament (MEP), to foster the energy transition towards low carbon development and a sustainable energy sector for the country.
First report from Parliament on next EU budget funding for energy and transport infrastructure shows more work to be done
July 23, 2018
On 19 July, two European Parliament Committees – on Industry, Research and Energy and Transport and Tourism – delivered their first draft report [1] outlining what they would like to see in the new Connecting Europe Facility, one part of the EU budget after 2020 that Bankwatch is monitoring because CEF provides funding for key pieces of energy and transportation infrastructure across the bloc.
The energy sector in Romania
May 18, 2018
Even though Romania traditionally had the third lowest energy import dependency rate in the European Union, due to natural gas and oil reserves and an oversized power generation sector, since 2019 the country has shifted from electricity exporter to ne
