EBRD and EIB: Stop financing coal!
Briefing | 5 March 2013
The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are public development banks, which should lend money only for environmentally sustainable projects. Yet in reality, while both banks are increasing their investments into energy efficiency and renewable energy, they are undermining this by financing coal and other fossil fuels. Since both banks are adopting new energy policies in 2013 now is the time to act.
Read more on our energy lending campaign
Theme: Energy & climate
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We expose the risks of international public finance and bring critical updates from the ground. We believe that the billions of public money should work for people and the environment.