EU’s lending arm to phase out fossil-fuel funding
August 22, 2019
This draft shows commendable leadership from the EIB in becoming the first among public banks to commit to a total phase out of investments in fossil fuels after 2020,” said Petr Hlobil, campaigns director at Prague-based CEE Bankwatch Network, which m
Uncertain future for Slovakia’s development funds
August 22, 2019
The Slovak government does not seem to understand the difference between export promotion and development aid, as it proposes to lump the two under one institution, Eximbanka SR.
Slovakia’s climate duplicity
August 15, 2019
At home, Slovakia pays lip service to the climate issues, but abroad – it does not even bother pretending. As it continues to finance crude oil facilities in Cuba, its real climate ambitions are laid bare.
EUROPÄISCHE INVESTITIONSBANK: Auf geht’s!
August 12, 2019
Die Europäische Investitionsbank ist mächtig, aber schwerfällig. Nun soll ausgerechnet das Luxemburger Institut der neuen Kommissionspräsidentin von der Leyen dabei helfen, dass die EU bis 2050 klimaneutral wird. EUROPÄISCHE INVESTITIONSBANK: Auf geht’s!
The secret life of export credit agencies
August 1, 2019
When respectable, risk-averse development banks turn away from a project, oftentimes export credit agencies (ECAs) are the ones to step in. These government-backed institutions manage hundreds of billions of dollars annually, investing mostly in large infrastructure projects in politically-volatile countries, while avoiding the same scrutiny as other public financiers.
Just transition
July 31, 2019
Working on just transition brings all actors who believe in fair regional redevelopment to the same table: unions, industry, public administration, governments, civil society and others sharing this goal. They should be working together to find what is best for their regions and communities, from creating good quality jobs to identifying sustainable alternatives.
Europese Investeringsbank richt zich op klimaat en derde wereld
July 30, 2019
De Europese Investeringsbank (EIB) wil komaf maken met investeringen in olie- en gasprojecten. Daardoor kan ze zich beter positioneren op wereldvlak als geldschieter voor ontwikkelingslanden. Een Europese variant op de Wereldbank dus.
European Investment Bank proposes end to fossil fuel lending
July 30, 2019
With under 5% of its lending currently going towards fossil fuel projects, can the EIB help battle climate change?Source: European Investment Bank proposes end to fossil fuel lending
EIB to consider freezing fossil fuel financing – Delano – Luxembourg in English
July 29, 2019
The European Investment Bank’s board of directors will vote on halting lending for fossil fuel-based projects “by the end of 2020”. Source: EIB to consider freezing fossil fuel financing – Delano – Luxembourg in English
For the third year in a row, the European Commission asks Romania to stop big polluters
July 29, 2019
The European Commission’s July 2019 infringements package list [1] prominently features Romania. The country is called out for its industrial installations operating without an environment permit and “a systemic failure to monitor air pollution”.
