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New Beijing-backed Asian Infrastructure Investment Bank struggles to convince on environment and sustainability issues

Bankwatch Mail | 17 December, 2015 | Download PDF

The Asian Infrastructure Investment Bank (AIIB), the China-led financial institution, has emerged as a multilateral development bank with the backing of 57 members in record time. Jin Liqun, president designate of the new financial institution set up to provide financing for infrastructure projects in south east Asia and countries along the Silk Road route in South Asia, Central Asia, the Caucasus and the periphery of Europe, has declared that the AIIB will be a ‘lean, clean, and green’ institution which upholds the highest standards of 21st century governance. Early doubts, though, hang over these aspirations.


Greening the EBRD’s portfolio – or greenwashing it

Bankwatch Mail | 17 December, 2015 | Download PDF

No matter how you look at it, the so-called sustainable energy approach being taken – and loudly trumpeted – by the European Bank for Reconstruction and Development (EBRD) is simply at odds with both climate science and the recently adopted Sustainable Development Goals (SDGs).


9 reasons why the EU’s bank is no climate leader

Bankwatch Mail | 17 December, 2015 | Download PDF

In the run-up to, during and now, with a global deal reached, after the Paris climate summit, the world’s largest public lender, the European Investment Bank (EIB), is positioning itself as a climate pioneer. But is the bank really fit for this role? Can the EIB make a break from its history of financing fossil fuels and polluting forms of transportation after decades of cosy relations with the biggest culprits?


Public development banks failing 2 degree test, heavy fossil fuel financing persists

Bankwatch Mail | 17 December, 2015 | Download PDF

The MDB Climate Change Scorecard, published by Bank Information Center and Sierra Club during COP21, highlights how none of the world’s biggest multi-lateral development banks is on track to help keep the world below 2 degrees warming, and reveals how the seven banks in question – including the World Bank, the EIB and the EBRD – are continuing to support fossil fuel projects in developing countries.


“Shaping the age of gas” – how the EU is locking in a destructive path

Bankwatch Mail | 17 December, 2015 | Download PDF

As efforts to realise a mega gas pipeline along the Southern Gas Corridor intensify, Re:Common’s Elena Gerebizza explains how democratic rights are at stake – and are being trampled on.