The EU’s flagship project lacks climate assessment
March 16, 2018
While the EU portrays itself as a leader of the Paris Agreement, its financial arm – the European Investment Bank (EIB) – approves another loan to the controversial Southern Gas Corridor project without proper climate impact assessments.
Controversial Turkish-Azerbaijani gas pipeline gets major EU loan
March 15, 2018
Today the board of directors of the European Investment Bank (EIB) green-lighted a EUR 932 million loan to the Trans Anatolian gas pipeline (TANAP), the Turkish section of the Southern Gas Corridor, a month after handing out the largest ever fossil fuels loan to the western section of the same project.
New study shutters EU claims on climate benefits from flagship energy project
January 30, 2018
The controversial Southern Gas Corridor, the EU’s flagship energy project, could be as emissions-intensive as coal power or even more, a new study reveals.
How Europe’s bank spends cash for climate undermines Paris commitments
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.
EU watchdog investigating European Investment Bank for maladministration
March 6, 2017
The European Investment Bank (EIB) is being investigated for maladministration, after the European Ombudsman sent a formal letter opening the case this week (27 February 2017).
Ombudsman launches investigation against EIB
March 1, 2017
The EU’s watchdog is investigating the EIB for maladministration after three NGOs submitted a complaint this week. Source: Ombudsman launches investigation against EIB – EURACTIV.com
La ‘pax europea’: inversiones por estabilidad
December 10, 2016
En un barrio de la periferia de Túnez, un grupo de niños se arremolina junto a la cancha de fútbol aprovechando una festividad escolar. Mientras en el terreno de juego corre el balón, a unos metros otros menores juegan a las canicas o lanzan monedas tr
EU ministers approve ‘Juncker plan’ extension
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
Ekolodzy: możemy nie wykorzystać potencjału Planu Junckera
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
The EU house bank is holding back Europe’s shift to sustainable energy
June 14, 2016
On the occasion of the EU Sustainable Energy Week, a new Bankwatch analysis shows that the European Investment Bank (EIB) has been effectively hindering Europe’s energy transition.
