EU Lending Bank To End All Fossil Fuel Financing By 2020
July 27, 2019
After years of pressure from environmental campaigners, the European Investment Bank, the lending arm of the European Union, has proposed to end financing for all fossil fuels by 2020. It would be the first multilateral financial institution to make such a commitment.
EU Lending Bank To End All Fossil Fuel Financing By 2020
July 27, 2019
Following a pledge by incoming Commission President Ursula von der Leyen to change its remit, the European Investment Bank has announced plans to end fossil fuel lending. But is it an attempt to avoid a systemic overhaul? Source: EU Lending Bank To End
European Investment Bank proposes end to fossil fuel lending | Business Recorder
July 27, 2019
LONDON: The European Investment Bank wants to stop funding new fossil fuel-reliant projects by the end of 2020, a draft of the EU lending arm’s new energy Source: European Investment Bank proposes end to fossil fuel lending | Business Recorder
Seven Golden Rules for open and inclusive just transition planning at the regional level
July 15, 2019
Every region and every community is different. As EU countries wake up to the climate emergency and the need for a swift transition to a sustainable and carbon-neutral society, it is becoming increasingly clear that we need regional and community-level
European Investment Bank: the EU’s hidden giant | Financial Times
July 15, 2019
Safely hidden in the woods of Luxembourg sits one of the world’s biggest and most peculiar banks. It issues more bonds than JPMorgan but is not supervised by any external regulator. As an EU institution, it spearheaded a €500bn plan to boost investment
Slovak government approves Just Transition plan for Upper Nitra
July 3, 2019
The Slovak government is today approving a plan for Upper Nitra’s transition away from coal, which was created based on inputs from the local community.
EIB blames Ombudsman for not helping redact VW report
July 2, 2019
Volkswagen Group duped the European Investment Bank, from which it borrowed €400m, by not disclosing it was cheating on emissions tests. Requests by EUobserver to see the anti-fraud report however have been consistently rejected. Source: EIB blames Omb
EU top jobs and climate action in focus as leaders convene in Brussels
June 20, 2019
European Union leaders face decisions on two major issues – the appointment of the EU institutions’ top posts and climate action targets – at a summit starting in Brussels on Thursday. Source: EU top jobs and climate action in focus as leaders convene
Bankwatch statement on the EU’s 2050 climate neutrality goal and central and eastern European country positions
June 20, 2019
“With Germany now backing the EU’s 2050 carbon neutrality goal, all eyes are on Poland and other countries of central and eastern Europe that have to date refused to back this target because of their reliance on coal.
EU wants Member States to implement Paris agreement faster
June 19, 2019
The Member States of the European Union needs to step up their efforts to meet the bloc’s climate objectives and implement the Paris Climate Agreement, according to report by the Commission published on 18 June.The Commission’s assessment of Member Sta
