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A review of EIB’s Energy Lending Criteria
March 28, 2019 | Read more
The review of Energy Lending Criteria gives the bank the opportunity to align its energy financing with the Paris Agreement and catch up with the rapid developments in the clean energy sector, in order to provide the necessary financial boost for the d
The European Bank for Reconstruction and Development (EBRD) will soon conclude the revision of three policies central to the environmental and social governance of its projects: the Access to Information Policy, Environmental and Social Policy, and Project Accountability Policy. Together, these three documents will form the core of the institution’s protocols ensuring communities’ right to information, right to development, and right to remedy.
For immediate release. Brussels, Prague – A vote today by the Parliament has excluded fossil fuels from the EUR 320 billion European Regional Development Fund (ERDF) and Cohesion Funds for 2021-2027, signalling a clear commitment to the EU’s obligations to reduce greenhouse gases under the Paris Agreement and its net-zero emissions Long Term Strategy.
When the EU’s bank can’t kick the fossil fuels habit
March 27, 2019 | Read more
As the European Investment Bank (EIB) is nowadays preparing a new Energy Lending Policy to guide its investment in energy projects, it seems the world’s largest public lender is not willing to acknowledge its contribution to climate change, the biggest crisis currently facing humanity.
Comments on the EBRD draft Accountability Policy
March 27, 2019 | Read more
The draft Accountability Policy of the EBRD proposes a substantial and welcomed restructuring of the mechanism and improves on many of the issues of independence and predictability that hindered the PCM. However, the draft Policy does not yet rectify a
