Will EU stop its investment bank hiding a third of its lending?
November 16, 2021
The European Investment Bank (EIB) is not even willing to commit to matching its peers – the European Bank for Reconstruction and …
The EIB cannot become a ‘climate leader’ while failing on transparency
November 10, 2021
The European Investment Bank (EIB) – the financial arm of the EU – is about to approve a new Transparency Policy that will allow the bank to keep hiding information on projects it considers to finance despite their potential impacts on people and the environment.
EuroNatur und Bankwatch fordern strengere Regeln bei Wasserkraftfinanzierung der Europäischen Investitionsbank
October 21, 2021
Die Europäische Investitionsbank (EIB) hat seit 2010 (1) eine Reihe zerstörerischer Wasserkraftprojekte finanziert, wie ein heute …
New report: European Investment Bank hydropower failures necessitate tighter rules
October 21, 2021
The European Investment Bank has financed a series of damaging hydropower projects since 2010 which underline the need to tighten its environmental and social standards, according to a new report published today by CEE Bankwatch Network and EuroNatur.
Public money vs. pristine rivers
October 21, 2021
As the EIB revises its Environmental and Social Standards, this report presents eight hydropower schemes in central and eastern Europe either financed or under consideration by the Bank. The projects – some financed directly and others via intermediari
IEA call to public finance institutions: End of finance for new fossil fuel projects & massive scale-up of clean energy spending needed
October 14, 2021
Our energy systems are a long way from alignment with the pathway to stay below a 1.5°C rise in global temperatures, according to the International Energy Agency (IEA) World Energy Outlook 2021 report published yesterday.
Joint civil society statement: Making human rights a true priority of the EIB
October 14, 2021
This joint civil society statement prepared by 12 civil society organisations outlines our recommendations for integrating human rights into the EIB’s Environmental and Social Sustainability Framework, by proposing specific improvements to the Policy a
Kenya energy project exposes the dark side of EU development funds
October 14, 2021
A third of the European Investment Bank (EIB) portfolio in 2020 went through financial intermediaries, a channel that has already enabled …
Kenya energy project exposes the dark side of EU development funds
October 13, 2021
A third of the European Investment Bank (EIB) portfolio in 2020 went through financial intermediaries, a channel that has already enabled multiple projects with devastating consequences for nature and communities with virtually zero accountability. The ongoing review of the EIB’s environmental and social standards is a crucial opportunity to ensure transparency and proper scrutiny of all projects supported with European public money.
EIB misinterprets EU’s development finance needs
October 12, 2021
The European Investment Bank (EIB) has long been seeking to take a more significant role in the EU’s overseas development effort. But it has also been resisting calls to upgrade its policy on the environmental, social and human rights ramifications of the projects it supports.
