EIB blogs

On 20 November 2015, following the presentation of the first State of the Energy Union, Vice-President Šefčovič hosted a Twitter Chat. Also several Bankwatchers joined the discussion. Here are some points we found noteworthy.

It appears that before approving the European Investment Bank's new climate strategy, the bank's Board of Directors has removed a reference to the European Union's long-term decarbonisation objectives as a guidance for the EIB's climate action.

Local opposition in Italy to the Trans Adriatic Pipeline (TAP) is mounting. During a business event organised last week, a dozen mayors staged a protest against the government’s support for the project, who together with civil society and local authorities fear that the pipeline will destroy the environment and the safety of their communities. Instead they are demanding that EU drop the project.

Ukraine's agriculture was the only sector in the country to grow in 2014. International investors like the European Bank for Reconstruction and Development are happy to point this out - and the role they are playing in financing these investments.

But an investigation published today into one of the main beneficiaries of loans from the EBRD and other multilateral development banks shows that cheap Ukrainian food products are coming at the expense of severe impacts on local communities.