WWF Position Paper on the EIB energy lending review
February 10, 2013
Quote from the WWF comments: “The EIB’s objective should support the EU’s 2050 decarbonisation goal. An EIB substantively revised energy lending policy should precludes investment in assets that lock‐in high carbon emissions and instead focuses on delivering a European zero‐emission energy system by 2050.”
A mostly accommodating lion’s den – the second civil society meeting with the EIB Board of Directors
February 8, 2013
A meeting of civil society and the European Investment Bank’s Board of Directors saw a surprising degree of agreement between two often adverse groups.
Small shareholders protest price cap on lignite from Šoštanj’s mine
February 6, 2013
With the dubious economics of the Šoštanj 6 lignite power plant depending partly on keeping the price of lignite low, small shareholders who would have to forego their profits are not thrilled at the prospect.
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.
Comments on EBRD policy and forthcoming energy strategy (Urgewalt/Klimaallianz, DE)
January 16, 2013
In their comments, the German NGO urgewald and the environmental coalition Klimaallianz focus on the EBRD’s support for fossil fuels and nuclear energy. Their recommendations call for a phase out of loans to fossil fuels, a more stringent approach to energy efficiency and a stronger focus on renewables for domestic needs.
Comments on the EBRD’s 2006 Energy Operations Policy and recommendations for the forthcoming Energy Strategy
January 15, 2013
As the first step in its review of its Energy Operations Policy, the EBRD asked for input on its current policy before moving on to write the new sectoral strategy. In our comments, Bankwatch highlighted the current policy’s lack of restrictions on climate-damaging projects including coal power plants and the need for the bank to adopt strict sustainability criteria in order to ensure that it supports only truly sustainable renewable energy.
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.
European Commission, DG Environment comments to the EIB energy sector lending policy consultations
January 7, 2013
While not part of the EIB’s energy policy review process as such, following an official request for information Bankwatch has received comments submitted by the Directorate-General for Environment of the European Commission to the EIB as part of ongoing exchanges between the bank and the Commission.
Bankwatch input for the review of the European Investment Bank’s energy lending policy
December 30, 2012
In Autumn 2012, the European Investment Bank has launched a process of reviewing its energy lending policy in order to align it better with EU climate goals. Bankwatch’s comments lay out the case for fossil fuels to ‘fall out’ of the EIB’s future energy lending policy – and for an overall more ambitious, and substantially more climate-sensitive EIB energy policy.
