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Is the EIB cooling climate change or fueling it? New report sceptical about EU bank's investments in renewables

With the European Commission sponsored Green Week underway in Brussels, a new study has found that the European Investment Bank's commitment to investing in renewable energy is in serious doubt owing to the EIB's opaque information procedures and its definition of renewable energy projects.

The European Investment Bank: Accountable Only to the Market?

International financial institutions (IFIs) around the world have been asked in recent years to take on new policy issues, in an effort to improve their performance and transparency. Many have made a concerted effort to do so, although to mixed reviews. One important exception is the European Investment Bank (EIB), a secretive bank of the European Union (EU). When other IFIs are taking steps to address these policy issues, the EIB has shown the least amount of change.

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