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Commission lays down sustainable energy pointers to EIB

Bankwatch Mail | 7 March, 2013 | Download PDF

The public consultation on the EIB’s review of its energy policy is well underway now, with the bank’s intention being to have the new policy in place sometime this summer. While not part of the review process as such, following an official request for information Bankwatch has received comments submitted by the Directorate-General for Environment of the European Commission to the EIB as part of ongoing exchanges between the bank and the Commission.


Shell’s new shale gas frontier in Ukraine: another fossil fuel opening for EBRD?

Bankwatch Mail | 7 March, 2013 | Download PDF

The industry frenzy surrounding the development of shale gas in Europe is gathering pace, with the announcement in late January of a EUR 400 million deal between Shell and Ukraine to develop the country’s shale gas potential.


The EBRD isn’t working – job creation still not central to investments

Bankwatch Mail | 7 March, 2013 | Download PDF

Kurt Bayer, until recently Austria’s executive director at the European Bank for Reconstruction and Development, has for several years maintained an interesting blog covering issues such as the Eurozone crisis and development finance more generally. Following his departure from the EBRD, might we start seeing a few more revealing insights from Mr Bayer about life – and some of its frustrations – at 1 Exchange Square, London?


EBRD and EIB: Stop financing coal!

Briefing | 5 March, 2013 | Download PDF

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.


EU budget 2014-2020: Better spending of taxpayer money. The Parliament can make a difference.

Briefing | 2 March, 2013 | Download PDF

The key objective of the European Commission’s proposal on the Multi-annual Financial Framework was to get an EU budget that is more policy-driven, fit for the challenges of the 21st century and supporting a green transition in order to assist the implementation of the Europe 2020 Strategy. In contrast the European Council deal mainly focuses on vested national interests and net contributions, failing to agree on a forward looking budget able to tackle European challenges and consistent with EU environmental targets by 2020.


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