EIB accused of smoke and mirrors over new climate lending plan
October 9, 2015
European Investment Bank ditched reference to 2050 decarbonisation target, says NGO The European Investment Bank (EIB) has been accused of exaggerating its stepped up commitment to tackling climate change this week, with campaigners accusing it of failing to deliver any real advance on its previous lending strategy. The NGO CEE Bankwatch Network accused the EIB of scrapping a reference to the EU’s 2050 decarbonisation pathway in the new strategy and carrying out a “masterpiece of PR” by making vague new commitments without specific targets.
Letter: Substantial amendments needed for EIB climate strategy
September 8, 2015
The European Investment Bank’s draft Climate Strategy, although it presents a few interesting technical opportunities, does not constitute a fully-fledged strategy: it lacks strong and measurable objectives, relevant action plans and clear implementation timelines to support those objectives. Bankwatch, urgewald, Counter Balance and WWF Europe therefore ask the EIB to make substantial amendments to the draft in the following three areas: energy efficiency, the cimate action target and the emissions performance standard.
