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.
Slovak aspects of the EIB Energy Lending Policy
March 31, 2019
One of the biggest challenges in Slovakia is to ensure systematic support for the development of decentralised, non-fossil and sustainable energy system. The European Investment Bank (EIB) already invested far too much into fossil gas (77 per cent of a
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].
