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
EBRD renewable investments finally matched its fossil fuel investments in 2017 – So why is the bank’s draft Energy Strategy still fixated with gas?
October 15, 2018
The European Bank for Reconstruction and Development has recently issued a new draft Energy Strategy for public consultation that will define its activities in the energy sector from 2019-2023. It clearly commits to halt all direct financing for coal p
EBRD – still fixated on gas despite IPCC warnings
October 15, 2018
In its new draft strategy for the energy sector, meant to guide the bank’s lending between 2019-2023, the EBRD gives too much prominence to gas as a so-called “bridging fuel” on the way to decarbonisation – much more prominence than is given to energy savings and even to sustainable renewables.
European public banks continue financing coal bonanza
October 1, 2018
The EIB and EBRD have been channelling billions of euros in public money to fossil fuels dependent companies, hampering the international community’s efforts to tackle climate change.
65 groups from 28 Countries tell EBRD and EIB to stop financing fossil fuels
September 28, 2018
The letter is written on the need to ensure the ongoing energy reviews at the European Bank for Reconstruction and Development and the European Investment Bank are aligned with the Paris Agreement goals.
European development money helps sustain fossil fuels-based companies – report
September 27, 2018
Five of Europe’s biggest climate offenders continue to enjoy billions of euros in public funds, according to a Bankwatch report released today.
