Watershed moment for EIB’s climate ambitions as EU rushes to quit Russian fossil fuels
June 16, 2022
More than ever before, the European Investment Bank (EIB) has to step up its climate finance game.
Making the “EU Climate Bank” a reality
January 28, 2021
A joint letter from Bankwatch and 46 other civil society groups, calling on the EIB leadership to close the gaps in the Bank’s ‘Climate Bank Roadmap 2021-2025’ and fully align its operations with the Paris Agreement.
Wer zahlt das EU-Klimageld?
January 14, 2020
Die EU-Kommission hat ein Klima-Finanzpaket vorgestellt, um besonders den europäischen Kohleregionen beim Strukturwandel zu helfen – und sie will, dass die Mitgliedsstaaten dafür mehr Geld einzahlen als bisher. Die Bundesregierung ist dagegen. Source :
European Investment Bank Adopts New Energy Lending Policy
January 7, 2020
On 14 November 2019, the Board of Directors of the European Investment Bank (“EIB”), the world’s largest multilateral bank, adopted a new Energy Lending Policy (the “Policy”), which aims to end EIB investment in the majority of fossil fuel programs by
La Banque européenne d’investissement ne financera plus les énergies fossiles à partir de 2021
November 20, 2019
La Banque européenne d’investissement (BEI) a décidé le 14 novembre de supprimer les soutiens financiers aux combustibles fossiles à partir de 2021.
Un pacte financier pour sauver le climat séduit d’Alain Juppé à Podemos
February 19, 2019
Ce projet de traité, signé par 600 personnalités, prévoit notamment la création d’une banque européenne du climat et d’un fonds spécifique, totalisant 300 milliards d’euros par an. Un pacte financier pour sauver le climat séduit d’Alain Juppé à Podemos
The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project
February 7, 2019
Brussels – In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it with major financial support using EU public money.
Future EU investment package falls short of climate ambition
January 16, 2019
Strasbourg, Brussels – Today the European Parliament took a disappointing stance on climate when voting to approve the establishment of InvestEU, the EU’s financing tool to attract private investments – say NGO groups CEE Bankwatch Network, Climate Action Network (CAN) Europe, WWF European Policy Office, and Counter Balance. The approved investment package keeps the door open to further public investments in fossil fuels, which is incompatible with the requirements of the Paris Climate Agreement.
If the EBRD does not lead the energy transition, we will have to do it ourselves
December 18, 2018
In the middle of last week, negotiators in this year’s UN climate summit in Katowice, Poland, were scrambling to agree on guidelines for the Paris Agreement that would ensure global warming is capped at no more than 2 degrees. At the same time, the European Bank for Reconstruction and Development (EBRD), one of the world’s key development banks, adopted a new energy lending strategy that ends its support for coal but keeps the door wide open for gas. Ioana Ciuta of CEE Bankwatch Network takes a closer look.
NGOs urge EU bank to quit fossil fuels investments, as it touts its climate commitment at COP24
December 11, 2018
Brussels, Katowice, Prague – While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) still continues to fund climate damaging fossil fuel projects, having disbursed more than EUR 11.8 billion in fossil fuels projects since 2013 – point out NGOs in a new briefing [1].
