EIB keeps denying Southern Gas Corridor climate impact
August 4, 2020
As it seeks to morph into the EU’s climate bank, the European Investment Bank (EIB) continues to downplay the climate footprint of many of the projects it finances, including that of Europe’s largest fossil fuels project, the Southern Gas Corridor.
European Parliament asks European Investment Bank to double down on sustainability and transparency
July 9, 2020
The European Parliament has called on the European Investment Bank (EIB), the world’s largest public lender, to facilitate Europe’s effort to tackle the climate crisis by fully aligning its investment policies and practices with the Paris climate accord.
CEE Bankwatch Network submission to the EIB Climate Roadmap 2021-2025
July 9, 2020
CEE Bankwatch Network submission to the EIB Climate Roadmap 2021-2025
Urgent call to take steps to become the EU Climate Bank
June 24, 2020
Joint civil society letter: Urgent call to take steps to become the EU Climate Bank – Status quo is not an option
The Road Less Travelled: How the European Investment Bank’s Climate Roadmap 2021-2025 can lead it to become the climate bank
May 20, 2020
This report summarises the EIB’s undertakings on the road towards becoming the EU’s Climate Bank. It presents our findings on the implementation of the EIB’s 2015 Climate Strategy and looks at the results of the Bank’s climate action in the EU and enlargement countries. It also puts forward recommendations to the Bank.
Statement on the EIB Group‘s response to economic consequence of COVID-19, May 2020
May 19, 2020
CEE Bankwatch Network’s statement on the EIB Group‘s response to economic consequence of COVID-19.
NGO letter to EIB President on Covid-19 crisis response
April 28, 2020
Bankwatch and 11 other civil society groups have written to President of the European Investment Bank, Werner Hoyer, to urge the bank to move quickly to solidify the EIB’s claim to be the “EU Climate Bank”, enhance its transparency, and make it a centr
Croatian hydropower plant highlights loopholes in EIB environmental policies
April 2, 2020
The EIB-financed Ilovac hydropower plant was built on the river Kupa in north-west Croatia at around the same time as scientists established the existence of a new fish species there – Alburnus sava. Since the dam’s construction, the species has not been found at the site. Has Alburnus sava’s habitat been degraded for just 1.4 MW of installed power?
Gone with the Flow, A case study of biodiversity loss caused by Ilovac Hydropower plant, Croatia
April 2, 2020
This case study aims to demonstrate that the EIB’s environmental and social (E&S) and transparency policies are insufficiently equipped to prevent the negative impacts of hydropower plants on sensitive ecosystems, in particular when the hydropower project (1) is financed via an intermediary bank and/or (2) is located outside of the EU.
Climate action at the European Investment Bank: an overview
December 13, 2019
The EIB had already proclaimed itself the EU’s climate bank long before the vdLeyen EU Commission presented the idea of transforming a part of the Bank into Europe’s Climate Bank. It has been over a decade now since the EIB committed at least 25% of its finance to support the transition to a low-carbon and climate-resilient economy.
