More billions for fossil fuels overshadows European development bank’s climate pledges
December 11, 2017
Despite commitments to help address the climate crisis, the European Bank for Reconstruction and Development awarded fossil fuel projects EUR 4.05 billion between 2010 and 2016 – more than double its support for renewable energy during the same period.
Energy lending at the EBRD: Fossil fuels up, renewables down
December 11, 2017
What’s going on with the Green Economy Transition at the European Bank for Reconstruction and Development?
Doing the same thing and expecting different results?
November 10, 2017
An analysis of the sustainability and transparency of the European Fund for Strategic Investments.
Civil society joins forces to push Europe beyond coal
November 2, 2017
To combat the worsening impacts of climate change and air pollution, civil society groups across 28 nations are today launching Europe Beyond Coal, a collective campaign to catalyse and hasten the move away from coal and towards clean renewable energy.
Fossil fuel subsidies by European public banks are underwriting climate change
September 28, 2017
European public banks who have repeatedly voiced their commitment to tackling the climate crisis and ‘greening’ their investment portfolios continue to dole out cash for fossil fuels extraction, distribution and consumption.
EU urged to honour Paris Agreement, withdraw support for gas mega-pipeline
July 3, 2017
In an open letter released today, climate scientists, indigenous leaders, environmental and social justice groups, actors and artists call on the European Union to immediately withdraw its support for a gas mega-pipeline that would ‘destroy Europe’s climate targets’.
People’s movements and civil society dismayed at AIIB Energy Sector Strategy
June 16, 2017
Grassroots movements, non-government organizations and civil society networks across Asia and the rest of the world expressed “strong disappointment and disagreement” today to the Energy Sector Strategy of the Asian Infrastructure Investment Bank.
The Runcurel expropriations, Europe’s second most harmful subsidy
May 22, 2017
The Romanian Government has been named and shamed today in a public fossil fuel subsidies awards ceremony in Brussels for fostering land expropriations required for expanding a coal mine, displacing families and destroying nature.
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.
Investment Plan for Europe more climate friendly, but European Parliament shows little ambition
May 16, 2017
Today in Strasburg, the European Parliament lead committees have brought the European Fund for Strategic Investments (EFSI) closer to compliance with the Paris Climate Agreement. However, they have once again fallen short of eliminating fossil fuel subsidies, which stand in the way of climate action.
