EIB energy

New EIB Energy Policy: A Missed Opportunity

June 25, 2013

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.

Institution: EIB

Theme: Energy & climate

Tags: EIB energy, energypolicy, EU, Global South

EU leaders support green energy campaign: The European Council calls for phasing out fossil fuel subsidies

Just as Bankwatch published a new infographic juxtaposing the European Investment Bank's beneficial and harmful energy lending, Europe's political leaders have set a priority for energy investments to phase out fossil fuel subsidies and focus on clean energy instead.

Tags: coal EIB energy energypolicy EUCO European Council fossil fuels infographic EU

Institution: EIB

Theme: Energy & climate

Dreams of European Investment Bank Quitting Coal Go Up in Smoke - For Now

February 28, 2013

Climate activists take responsibility for fake press release, bizarre award ceremony

Brussels -- The European Investment Bank (EIB) president Werner Hoyer was forced to say this morning, during the EIB’s annual press conference, that an announcement that the bank would give up lending to coal was “pure nonsense”. And this, despite the fact that Hoyer repeatedly referred to the EIB as a frontrunner in the fight against climate change.

Institution: EIB

Theme: Energy & climate

Tags: Brussels, coal, EIB, EIB energy, energy, energy lending, energypolicy, fossil fuels, hoax, policy, public action, EU

EIB energy policy review - Time to lock out climate destructive investments for good

Bankwatch Mail | December 14, 2012

The European Investment Bank (EIB), the EU’s bank and also the biggest public financial institution in the world by lending volume, has launched a public consultation on its energy policy and is seeking views from the public and other stakeholders that should feed into a review of one of the EIB’s most crucial lending sectors. The new policy is expected to take effect from June 2013.

Institution: EIB

Theme: Energy & climate

A call for an open and transparent consultation process over the EIB's energy policy

Advocacy letter | June 13, 2012

In this letter, five NGOs and NGO coalitions call on the EIB to undertake consultations according to the best standard as well as to identify and inform a wide range of stakeholders about the revision of the policy.

Institution: EIB

Theme: Energy & climate