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The EU's bank is less ambitious than the US in restricting energy from coal

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It may have been easy in the past for Europeans to bash the US for being retrograde when it comes to climate policies, but after last week it will get more difficult to do that.


EIB cleans up its energy lending policy

Source: Sonja van Renssen, Energypost.eu

The European Investment Bank (EIB) intends to place stricter CO2 emission standards on coal power plants that it finances, but not as strict as the standards president Obama recently proposed in the US. The EIB is also considering investing in shale gas projects, according to a draft of its new energy lending policy. NGOs accuse the EIB of a “missed opportunity to politically reject coal”. With the EBRD and World Bank also mulling new investment criteria, the battle to “green up” Big Energy Money is heating up.

EU budget: green jobs to be found amidst disappointing deal

Brussels, July 3, 2013 – Following today’s approval by the European Parliament of Europe’s €960 billion budget for 2014-2020, Bankwatch and Friends of the Earth Europe are calling on individual member states to make the most of a disappointing deal by respecting green spending commitments – thereby boosting green jobs and truly sustainable investments.

As Croatia accedes to the EU, questions remain over whether EU billions can succeed for Croats

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Croatia's new Law on Strategic Investments does not bode well for the sustainable use of EU funds in Croatia now that the country has become an EU member state.


New EIB policy against EU principles, say climate activists

Source: , New Europe

Environmentalists have reacted angrily to the European Investment Bank (EIB)’s draft energy lending policy, the result of a review process launched last year.

Green agriculture spending culled in Estonia - NGOs demand proper use of future EU money

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While the EU's future common agricultural policy is taking shape in Brussels, it’s not just there that major agri-business interests are flexing their muscles to take the ‘green-ness’ out of EU agricultural spending.


New EIB Energy Policy: A Missed Opportunity

Brussels -- The EU’s global leadership on climate change is set to take another blow if the European Investment Bank, the EU house bank and one of the world’s largest public lenders, adopts a future energy lending policy as presented yesterday to the public. The draft policy includes weaker standards for lending to coal plants than currently proposed in both the US and Canada.

Invest in haste, repent at leisure - Are IFIs behaving as if EU accession criteria and extreme energy losses do not exist in South East Europe?

South-eastern Europe is riddled with poor planning and corruption in the energy sector and its governments are proving slow to react to the challenges and opportunities offered by the decarbonisation agenda.

A tale of neglect: Energy finance figures from the Western Balkans

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The neglect by international financial institutions of the Western Balkans sustainable energy potential will cost the region's public heavily for years to come. Figures collected in a new study illustrate how the different international lenders perform in the region.


Russian and European NGO investigations lead to the filing of a complaint against VINCI CONCESSIONS RUSSIE SA and against unknown persons before the Nanterre Public Prosecutor

Paris, 24 June 2013 - Sherpa, Russie-Libertés, CEE Bankwatch Network and MOBO Princip, as well as members of Russian civil society such as the environmental activist Evgenia Chirikova, today submitted to the Public Prosecutor of Nanterre, France, a complaint relating to the conditions in which the NORTH WEST CONCESSION COMPANY - NWCC - , which is wholly owned by the French company VINCI CONCESSIONS RUSSIE, was awarded a public contract in 2009 concerning the construction of the highway between Moscow and Saint Petersburg.

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