Paris Agreement

Brussels, Belgium -- In an open letter released today, climate scientists, indigenous leaders, environmental and social justice groups, actors and artists call on the European Union to immediately withdraw its support for a gas mega-pipeline that would ‘destroy Europe’s climate targets’.

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.

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.

The European Investment Bank (EIB) must adopt new directives and operating principles to play a meaningful role in realising the EU's goal of a decarbonised and resource efficient economy, say CEE Bankwatch Network and Counter Balance ahead of the bank's annual meeting during the EU finance ministers' Council this Wednesday, May 25.