October 7, 2019
A half trillion euro subsidies scheme and part of the so-called Juncker Plan, the European Fund for Strategic Investment (EFSI) has been portrayed by its promoters, the European Commission and the European Investment Bank as a major success story, albeit with little evidence to back such claims.
October 1, 2019
The EU’s next major investment scheme, succeeding the so-called Juncker Plan, is likely to be central to the ‘European Green Deal’ touted by European Commission President Ursula von der Leyen. But a report released today by watchdog NGOs Counter Balance and CEE Bankwatch Network finds the Juncker Plan has so far shown weaknesses in its transparency, sustainability, geographical concentration and additionality, and calls for improvements for its post-2020 phase.
March 26, 2018
1. The EFSI regulation lists seven general objectives (sectors) open to funding: energy transport infrastructure and equipment research, development and innovation small, medium and small mid-cap companies information and telecommunication technology e
November 14, 2017
The European Union is set to continue a funding tool that in last two years has lent billions of euros for fossil fuels projects.
June 19, 2017
Tasked with stimulating the European economy, the new investment fund may just become an extention of the European Investment Bank’s normal lending with very limited additional (green) finance.
May 22, 2017
An uneven investment strategy across the EU’s 28 Member States and a lack of added value by one of its main financial tools means that the EIB puts the EU at risk of not meeting its climate targets under the Paris Agreement, according to a new briefing from Counter Balance and CEE Bankwatch Network.
May 16, 2017
Today in Strasburg, the European Parliament lead committees have brought the European Fund for Strategic Investments (EFSI) closer to compliance with the Paris Climate Agreement. However, they have once again fallen short of eliminating fossil fuel subsidies, which stand in the way of climate action.
January 13, 2017
In September 2016 the European Commission published its proposal for the prolongation of the EFSI until 2020, to be achieved by amending the existing regulation. We welcome several improvements, but are concerned that they fall short of properly tackling the challenges and shortcomings identified, namely to provide additionality and catalyse the unambiguous move to reduce GHG reductions. On the basis of our in depth report Best Laid Plans, which analysed the 93 projects approved until July 2016 and further analysis of the EFSI entire portfolio till the end of 2016 under the Infrastructure and Innovation Window (IIW), we consider that the EFSI regulation needs considerable improvements in the energy area.
December 6, 2016
EU finance ministers approved on Tuesday (6 December) the extension of the European fund for strategic investment (EFSI) until 2020, provided some changes are made in the way it works. Source: EU ministers approve ‘Juncker plan’ extension
October 11, 2016
Polska w ramach planu Junckera powinna starać się o finansowanie projektów innowacyjnych i ekologicznych – przekonuje Polska Zielona Sieć i CEE Bankwatch. Dzisiaj resort rozwoju poinformował, że EBI zatwierdził już 9 polskich inwestycji o wartości 7,1