The European Investment Bank and its energy sector lending 2013-2015
Briefing | 14 June 2016
This analysis of the European Investment Bank’s (EIB) energy lending shows that the bank has been effectively hindering Europe’s energy transition. Most notably, during 2013-2015, EIB lending to renewables in Europe has dropped whereas its lending to fossil fuels has modestly but consistently increased. Moreover, while EU leaders have repeatedly emphasised the ‘energy efficiency first’ principle, the EIB has been lagging behind with only 3.6% of its lending across sectors going to energy conservation projects.
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Theme: Energy & climate