EBRD / EIB energy policy review
January 8, 2019
The European Investment Bank and the European Bank for Reconstruction and Development are both reviewing their energy sector lending policies. This is an opportunity to live up to their potential by combating climate change and promoting a sustainable future for all.
If the EBRD does not lead the energy transition, we will have to do it ourselves
December 18, 2018
In the middle of last week, negotiators in this year’s UN climate summit in Katowice, Poland, were scrambling to agree on guidelines for the Paris Agreement that would ensure global warming is capped at no more than 2 degrees. At the same time, the European Bank for Reconstruction and Development (EBRD), one of the world’s key development banks, adopted a new energy lending strategy that ends its support for coal but keeps the door wide open for gas. Ioana Ciuta of CEE Bankwatch Network takes a closer look.
COP24 diary – day #10
December 12, 2018
Coal bonanza at the EIB. Is Europe serious about phasing out fossil fuels? While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) continues to fund climate-damaging fossil fuel projects, having disbursed more t
La Banque européenne d’investissement accro aux énergies fossiles
December 11, 2018
D’après un rapport de l’ONG Bankwatch présenté aujourd’hui à la COP 24, la Banque européenne d’investissement (BEI) a financé à hauteur de 11,8 milliards d’euros des projets d’énergies fossiles entr… Source: La Banque européenne d’investissement accro
NGOs urge EU bank to quit fossil fuels investments, as it touts its climate commitment at COP24
December 11, 2018
Brussels, Katowice, Prague – While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) still continues to fund climate damaging fossil fuel projects, having disbursed more than EUR 11.8 billion in fossil fuels projects since 2013 – point out NGOs in a new briefing [1].
Failing Better or Climate Success?
December 10, 2018
All the shareholders of the EIB have ratified the Paris Agreement, and the bank itself has claimed during the One Planet Summit in New York that it will align all its activities with the Paris Agreement by 2020. As President Hoyer put it, ‘I am confide
Time for the EU’s bank to lead on the clean energy transition
December 7, 2018
As world finance paces up to adapt to the global fight against climate change, one main player is lagging behind: the European Investment Bank (EIB), the European Union’s bank.
Comments on the EBRD Draft Energy Sector Strategy
November 16, 2018
On 8 October the UN Intergovernmental Panel on Climate Change (IPCC) released its Special Report “Global Warming of 1.5oC”. The report warned that at the current level of climate commitments the world is on course for a disastrous 3 degrees Celsius of
Western Balkans power sector future scenarios and the EBRD
November 16, 2018
The Western Balkans, as a region that represents both a post-Socialist economy and EU accession region, can benefit greatly from up-to-date insights by the EBRD on how to move its energy transition forward more rapidly. Its decision-makers have not yet
EBRD draft strategy rules out support for Kosovo coal-fired power plant
November 14, 2018
The European Bank for Reconstruction and Development (EBRD) has issued a draft energy sector strategy that it will not finance coal projects, it said on Wednesday, following a statement by an environmental group that the international lender is not con
