Dreams of European Investment Bank Quitting Coal Go Up in Smoke – For Now
February 28, 2013
Climate activists take responsibility for fake press release, bizarre award ceremony Brussels — The European Investment Bank (EIB) president Werner Hoyer was forced to say this morning, during the EIB’s annual press conference, that an announcement that the bank would give up lending to coal was “pure nonsense”. And this, despite the fact that Hoyer repeatedly referred to the EIB as a frontrunner in the fight against climate change.
Anti-coal campaign in Kosovo puts focus on health
February 4, 2013
A campaign against a new lignite power plant in Kosovo uses World Bank figures to highlight the health damage resulting from pollution.
Off on the wrong foot in Kosovo? A lignite power plant and the EBRD
January 25, 2013
Notwithstanding the dominance of lignite in Kosovo’s energy mix, the European Bank for Reconstruction and Development may get involved with yet another lignite project in the Western Balkans.
EIB Capital Increase May Not Further EU Goals
January 14, 2013
Brussels — Last week’s ten billion euros capital increase for the European Investment Bank (EIB), allowing the bank to lend 60 billion euros extra over the next three years, must come with clear commitments from the bank to stop loans for dirty energy, say NGOs.
The EIB’s energy lending in the spotlight
January 14, 2013
The European Investment Bank has opened a review of its energy policy and called for the public’s views on the key future challenges for the bank’s operations. The lending figures to the energy sector until 2011 show that the policy must better guide the EIB’s lending towards EU policy objectives of de-carbonisation of the energy sector.
EIB energy policy review – Time to lock out climate destructive investments for good
December 14, 2012
The European Investment Bank (EIB), the EU’s bank and also the biggest public financial institution in the world by lending volume, has launched a public consultation on its energy policy and is seeking views from the public and other stakeholders that should feed into a review of one of the EIB’s most crucial lending sectors. The new policy is expected to take effect from June 2013.
If we’re not having one, then neither are you: time to grow up?
November 15, 2012
What a week in the fight for clean British energy: scandal erupted when Conservative Party members were exposed colluding with James Delinpole, in his obsessive efforts to wipe wind-farms off the map, and Ed Davey’s statement in the Commons yesterday about energy companies fixing gas prices demonstrated once again the urgent need to overhaul our energy system. Not only are elements of this government trying to undermine a green future here in the UK, they are also threatening green hopes in Ukraine. Among all the energy market mayhem, you’d be forgiven for missing it, but in addition to messing up our own clean energy karma, the UK may actually back a huge European loan for the Ukrainian nuclear power sector. http://www.foe.co.uk/blog/nuclear_energy_uk_ukraine_38000.html
Environmentalists, get your keyboards ready: The European Investment Bank asks for inputs on its energy policy
October 11, 2012
With annually more than ten billion euros of investments in the energy sector, the EIB can have a tremendous influence on our energy future. If we want the bank to help us “get it right”, the time for providing inputs is now.
Another case of alleged corruption in a CEE energy company
September 17, 2012
Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks.
Tug of War: Fossil fuels versus green energy at the EBRD
May 17, 2012
Our study shows that almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels. This will prevent the bank’s commendable efforts to increase lending to new renewables and energy efficiency from actually making a difference in the global fight against climate change.
