climate action

How Europe’s bank spends cash for climate undermines Paris commitments

May 22, 2017

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.

Institution: EIB

Theme: Energy & climate

Tags: climate, climate action, EIB, CEE, EU

The winners and losers of climate action at the European Investment Bank

Briefing | May 18, 2017

This analysis of the bank’s climate action is based on the climate action database disclosed by the EIB. The database includes projects which were signed in 2016 and classified in line with the methodology approved by the bank in its Climate Strategy.

Institution: EIB, EFSI

Theme: Energy & climate

Investment Plan for Europe more climate friendly, but European Parliament shows little ambition

May 16, 2017

Today in Strasburg, the European Parliament lead committees have brought the European Fund for Strategic Investments (EFSI) closer to compliance with the Paris Climate Agreement. However, they have once again fallen short of eliminating fossil fuel subsidies, which stand in the way of climate action.

Institution: EIB, EFSI

Theme: Energy & climate

Tags: climate action, EFSI, fossil fuels, Paris Agreement, EU

Question marks abound over EU-Azerbaijan gas tango

Ministers, ambassadors and envoys from at least 15 countries, including Maroš Šefčovič, the European Commission’s Vice President for the Energy Union, are gathered today in the Azerbaijani capital to discuss the progress on the Southern Gas Corridor, the largest energy project the EU is currently pursuing.

But over the past couple of months, it seems the European Commission’s justifications for this controversial undertaking have been crumbling by the day.

Little left of human rights

Tags: Baku climate action gas human rights Russia Shah Deniz Trans-Adriatic Pipeline Trans-Anatolian Pipeline EU EU neighbourhood

Institution: EBRD, EIB

Theme: Energy & climate, Social & economic impacts

Energy and climate action at the EIB - briefing for the directors of the European Investment Bank

Briefing | January 24, 2017

Institution: EIB

Theme: Energy & climate

Why the EIB should not finance the Southern Gas Corridor - briefing for the directors of the European Investment Bank

Briefing | January 24, 2017

Institution: EIB

Theme: Energy & climate, Social & economic impacts

Reviewing the European Investment Bank's carbon footprint methodology

Briefing | December 8, 2016

The briefing makes recommendations for the European Investment Bank's methodology for calculating greenhouse gas emissions, which is currently under review. It also provides case studies that illustrate the shortcomings of the bank's current approach - most notably its strategy towards supporting gas projects.

Institution: EIB

Theme: Energy & climate

Backdoor for coal subsidies remains half open under new EU rules

While it may seem like a gesture to coal-dependent countries such as Poland, the Winter Package of EU energy market rules, presented yesterday (30 November), will make using coal subsidies more difficult.

Tags: climate action energy Paris Agreement Winter Package EU

Institution: EU Funds

Theme: Energy & climate

The great coal jobs fraud - unrealistic employment claims in southeast Europe

Study | November 14, 2016

This report reveals how and why promises for new jobs in south-east Europe’s coal sector are exaggerated. Hardly any coal operations across the region are economically viable, and as a result many coal workers, especially in the mines, are set to lose their jobs, even if the plans for countless new power plants materialise. Governments, coal workers and their wider communities need to work together towards a just transition.

Available languages:

English version - download pdf

Institution: Chinese investors, Commercial banks, Export credit agencies

Theme: Energy & climate

Infographic: The great coal jobs fraud

Promises for new jobs in south-east Europe’s coal sector are exaggerated. Hardly any coal operations across the region are economically viable, and as a result many coal workers, especially in the mines, are set to lose their jobs, even if the plans for countless new power plants materialise. This infographic shows labour productivity in mines across the region and compares them with those of other countries.