World’s largest multilateral bank ends fossil fuels financing
November 14, 2019
Brussels, Prague — Bankwatch, Counter Balance and a growing number of civil society groups have long been calling on the European Investment Bank (EIB), the EU’s house bank, to recognise the urgency of stemming the climate crisis and stop handing out public money to fossil fuel projects. Today, November 14, the bank’s Board of Directors adopted a new Energy Lending Policy that ends financing for most fossil fuels projects.
Decision on a fossil fuels ban at the EIB postponed once more
October 15, 2019
Today the European Investment Bank (EIB) decided to again, postpone the long overdue adoption of a new Energy Lending Policy. This delay is mostly due to tensions around the EIB’s proposal to phase out lending to fossil fuels. Several shareholders, including Germany, and the European Commission are pushing back on what would be a precedent in the fight against climate change.
European Investment Bank proposes end to fossil fuel lending | World Economic Forum
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 | World Economic Forum
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
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
New opportunities for eastern Europe if the EU’s bank ramps up climate ambition and quits fossil fuels
June 13, 2019
Ahead of the European Investment Bank’s annual governors’ meeting, several EU’s finance ministers put forward a joint non-paper “Climate for the future of Europe” with an idea to transform the EIB: make green financing its top priority and promote investments in energy and climate transition. The right initiative risks failing if not supported by the majority of the bank’s shareholders, in particular by the eastern states that wrongfully fear that EIB’s increasing ambition in climate finance will unfavorably impact the bank’s presence in their countries.
EU leaders keep saying climate is a priority. Here’s something they can do
June 6, 2019
The European Investment Bank is the world’s largest multilateral lender and it keeps funding fossil fuels. Next week EU finance ministers can change that Source: EU leaders keep saying climate is a priority. Here’s something they can do
EU leaders keep saying climate is a priority. Here’s something they can do
June 6, 2019
Fixing our climate is one of the biggest challenges our politicians will have to face in the years to come, and more and more of them are committing to making this a top political priority. Source: EU leaders keep saying climate is a priority. Here’s s
Taking the chill off Romania’s residential buildings
June 4, 2019
Energy efficiency is taking centre stage in the Energy Union. Last summer, after long negotiations between the Parliament and the Council, a new energy efficiency target was set at 32.5 per cent by 2030. To meet the target, Romania is channelling public funds into renovating its residential sector which accounts for as much as 86 per cent of the country’s built environment.
