The EU’s 28 finance ministers will be meeting tomorrow (May 23) to discuss the priorities of the European Investment Bank (EIB) for the coming year. A new analysis finds the bank’s contribution to Europe’s response to the climate crisis has been worryingly insufficient and needs to be stepped up.
An inquiry from Polish and European NGOs to the EIB about its planned support of EUR 250 million for the modernisation and extension of Polish utility Energa’s electricity distribution network.
China cuts coal at home but state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker from China Dialogue.
The European Commission must listen to the European Parliament calling for an EU budget that works for people and planet - according to CEE Bankwatch Network, Friends of the Earth Europe and Climate Action Network (CAN) Europe.
"As Europe prepares to host the seminal UN climate summit in Paris at year's end, the EU's house bank is turning away from its commitment to finance the bloc's climate action.
In November 2014 CEE Bankwatch Network visited Jordan to explore issues surrounding the Red Sea - Dead Sea Conveyance project. The aim of the mission was to understand better the problems, concerns and hopes of local communities living along the route of the project, and identify the risks and benefits of the project through interviews with specialists having knowledge of its development.
The comments were jointly submitted by Bankwatch, Counter Balance, Focus, urgewald, Both Ends, Estonian Green Movement, Transport and Environment, CEPA Slovakia and Latvian Green Movement.
The European Investment Bank is gearing up for an increased role in spurring growth in Europe as set out by the new Juncker Commission. Yet as Europe’s 2030 climate targets are being undermined by some countries the bank that wants to be a leader in climate action must keep in mind that we can no longer afford growth without sustainability.
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