Decision on a fossil fuels ban at the EIB postponed once more
October 15, 2019
Today the European Investment Bank (EIB) decided to again, postpone the long overdue adoption of a new Energy Lending Policy. This delay is mostly due to tensions around the EIB’s proposal to phase out lending to fossil fuels. Several shareholders, including Germany, and the European Commission are pushing back on what would be a precedent in the fight against climate change.
European Commission criticises the EIB’s role as a development bank
October 11, 2019
The European Commission recently published an evaluation of EIB development operations under its External Lending Mandate during the period 2014-2018. The Commission’s findings confirm our previous assessments and repeated calls for improvements in the fields of transparency, human rights due diligence and development impacts of EIB projects.
Greens: The European Investment Bank must adapt to new climate realities
September 10, 2019
Today, directors at the European Investment Bank are set to discuss an updated lending policy which could result in the phasing out of investment in fossil fuels.
EUROPÄISCHE INVESTITIONSBANK: Auf geht’s!
August 12, 2019
Die Europäische Investitionsbank ist mächtig, aber schwerfällig. Nun soll ausgerechnet das Luxemburger Institut der neuen Kommissionspräsidentin von der Leyen dabei helfen, dass die EU bis 2050 klimaneutral wird. EUROPÄISCHE INVESTITIONSBANK: Auf geht’s!
Europese Investeringsbank richt zich op klimaat en derde wereld
July 30, 2019
De Europese Investeringsbank (EIB) wil komaf maken met investeringen in olie- en gasprojecten. Daardoor kan ze zich beter positioneren op wereldvlak als geldschieter voor ontwikkelingslanden. Een Europese variant op de Wereldbank dus.
EU Lending Bank To End All Fossil Fuel Financing By 2020
July 27, 2019
After years of pressure from environmental campaigners, the European Investment Bank, the lending arm of the European Union, has proposed to end financing for all fossil fuels by 2020. It would be the first multilateral financial institution to make such a commitment.
EBRD tightens standards in response to Balkan hydropower boom
May 16, 2019
As a result of public resistance to small-scale hydropower projects in the Balkans, from the beginning of 2020, the EBRD will ask commercial banks to refer all high-risk projects – including all hydropower plants – for additional checks. The EBRD also requires them to meet higher environmental standards than previously. The bank will ask that such projects are disclosed to the public on the financial intermediary’s website, finally increasing disclosure on these hitherto hidden projects.
EIB Underestimated Climate Risks In Granting Loans To Southern Gas Corridor Projects -NGOs
February 7, 2019
Non-governmental organizations (NGOs) lodged a complaint on Thursday with the European Investment Bank (EIB), accusing the latter of failure to ensure a proper climate impact assessment when deciding on allocation of loans to two projects as parts of the Southern Gas Corridor (SGC)
EIB LOAN TO SGC ‘WRONG’: CIVIL SOCIETY GROUPS
February 7, 2019
The European bank used flawed methodology to downgrade the risk that the mega pipeline project would pose, both inherently through its operation, or through misconduct, they allege.
The complaints mechanism at the EIB – usable but useless?
October 8, 2018
Nearly three years after first announcing it, the European Investment Bank (EIB) has finally presented a new vision for the bank’s complaints mechanism, the body responsible for grievances related to EIB projects and policies.
