The so-called European Fund for Strategic Investment (EFSI) should unlock additional investment of at least EUR 315 bn over a three year period (2015-2018). One of the projects benefiting from the loans is the intended “third industrial revolution” in Nord-Pas-de-Calais, France, which incorporates numerous smaller projects all working for the same goal: A zero carbon energy system for the entire region. The particular financing mix could potentially serve as a good example for an investment platform under EFSI.
EU funds could do a whole lot more to help the transformation to an efficient sustainable energy system in Croatia if the country adopts an effective strategy to get there, argues our research co-ordinator, Pippa Gallop.
The shut down of a coal-fired power plant unit is another great success for the climate and for clean air in Romania. Many more units may have to follow according to legislation on pollution limits.
With the spotlight bright on Volkswagen for cheating in emission tests, the EU's house bank must now come forward and show exactly what it has done to ensure proper oversight over its loans to the company.
Hungary allocates a relatively high amount of EU Funds to energy but an in-depth analysis shows a lack of direct, non-refundable support in renovation of residential buildings, significant finance for burning instead of preventing waste and potentially unsustainable use of biomass.
While Estonia plans to use a large part of its EU funds investments for infrastructure projects in the public sector, there is no real political will to reduce the use of fossil fuels.
The European Fund for Strategic Investments (EFSI) aims to leverage through the European Investment Bank (EIB) financing for a total of EUR 315 billion in new projects by 2018. The guarantee fund should target projects with a higher risk profile than normal EIB investments and should as well increase lending for investments which significantly contribute to achieving European common policy objectives ("European added-value"). This briefing outlines necessary improvements in the EFSI implementation to realise these aims.
Tra i firmatari anche Comitato No TAP e Re:Common. “Progetto in violazione dei diritti umani”, motivi fiscali, strategici, ambientali, climatici, democratici e politici alla base della richiesta.
English
Русский
