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EU finance arm curbs loans to coal-fired power plants

Source: John McGarrity, Reuters

LONDON July 24 (Reuters) - The European Investment Bank, the EU's finance arm, said it would stop lending to most coal-fired power stations to help the 28-nation bloc reduce pollution and meet climate targets, a move that may put pressure on other lenders.

Comments on the EBRD's draft country strategy for Georgia

European Investment Bank to stop financing coal-fired power plants

Source: , The Guardian

Bank revises lending criteria to support EU climate policy on cutting carbon emissions across Europe

EU development bank cuts finance for coal power plants

Source: Ed King, Responding to Climate Change

Decision means new fossil-fuelled power plants would have emission limit of 550 grams of carbon dioxide per kwh

EIB restricts - but does not eliminate - coal and other fossil fuel lending

Brussels -- The European Investment Bank (EIB) announced today an energy policy that while introducing stringent criteria for financing coal power plants does not eliminate the possibility of support for coal or other fossil fuel energy sources.

Policy briefing: New draft energy (read oil, gas and coal) strategy at the EBRD

The EBRD’s draft energy strategy doesn’t have a climate target. It recognizes the urgency of climate action and the fact that the energy sector is the largest greenhouse gas emitter and places energy efficiency and renewable energy at the core of the transition to low carbon economies. The low carbon transition appears to be a central theme of the draft strategy but when it comes to the fossil fuels sector, it only translates into a potential slight reduction in coal investments.

La Banque européenne d'investissement promet de financer davantage les énergies renouvelables

Source: Phillipe Ricard, Le Monde

La politique de prêts de la Banque européenne d'investissement (BEI) dans le domaine de l'énergie est, de longue date, dans le collimateur des ONG. Et les gages environnementaux donnés par le bras financier des vingt-huit Etats européens n'ont pas l'air de les convaincre. La BEI a précisé, mardi 23 juillet, au Luxembourg, sa stratégie dans ce secteur, sur fond de polémique sur le soutien qu'il entend apporter aux centrales au charbon, voire au gaz de schiste.

La Banque européenne d'investissement promet de financer davantage les énergies renouvelables

Source: Phillipe Ricard, Le Monde

La politique de prêts de la Banque européenne d'investissement (BEI) dans le domaine de l'énergie est, de longue date, dans le collimateur des ONG. Et les gages environnementaux donnés par le bras financier des vingt-huit Etats européens n'ont pas l'air de les convaincre. La BEI a précisé, mardi 23 juillet, au Luxembourg, sa stratégie dans ce secteur, sur fond de polémique sur le soutien qu'il entend apporter aux centrales au charbon, voire au gaz de schiste.

World Bank shows no coal hand, will other public banks follow suit?

Source: Kuba Gogolewski, EurActiv

With the EIB set to approve a new energy lending policy and the EBRD presenting its new energy strategy, the timely signal sent by the World Bank on the need to quit coal can factor importantly in discussions taking place right now at the European public banks, writes Kuba Gogolewski.

PPPs "poor in practice" admits new EBRD-financed study

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Despite collecting impressive evidence from 20 years of failed public-private partnerships in central and eastern Europe, an EBRD-financed study by the Economist Intelligence Unit concludes to continue using the controversial financing scheme.


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