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The EBRD plans more climate damaging loans in new energy policy draft

London – The European Bank for Reconstruction and Development (EBRD) published July 19 a draft (pdf) of its future energy policy. According to CEE Bankwatch Network, although the bank correctly depicts the urgency of transitioning towards low-carbon economies, it falls short when it comes to commitments: lending to fossil fuels is envisaged to continue, including for coal, the dirties of fossil fuels; and promises to support renewables and energy efficiency, though welcome, are not accompanied by persuasive benchmarks and timelines.

Open letter to EIB: Improvements for energy policy draft

The letter, signed by nine NGOs, think tanks and an asset management company, acknowledges the positive step the European Investment Bank has taken with its draft policy "EIB and Energy: Delivering Growth, Security and Sustainability" but also suggests a number of elements that need to be tightened to make the EIB's energy lending policy policy fit for purpose in reducing risks of high-carbon lock-in for the EU electricity system.

New facts are busting energy myths

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Adequate decision making on energy policies must be based on accurate information and cannot rely on outdated knowledge and misconceptions. A new series of fact sheets explores the myths and facts of Europe’s energy sector.


La France va-t-elle vraiment mettre fin aux financements du charbon et des gaz de schiste?

Source: Maxime Combes, Mediapart

Interpellé, le gouvernement refusait jusqu'ici de s'exprimer clairement sur les politiques énergétiques des banques publiques européennes (BEI et BERD) qui veulent continuer à financer le charbon et débuter celui des gaz et pétrole de schiste.

Overview of financing instruments for community power projects

“Community energy projects” are energy projects providing for direct benefits to a group of local shareholders. The opportunity for residents to develop and own green energy infrastructure or to jointly leverage untapped energy saving potential, represents a range of economic and social opportunities such as job creation, business opportunities, lowering energy bills and acceptance of sustainable energy production.

UPDATED: A guide to examining the European Investment Bank's energy lending portfolio

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A thorough check of the European Investment Bank's energy lending data shows that not all is as rosy as the EIB would like to see it. We've paired up with Open Spending to provide an introduction into how to interpret and scrutinise the numbers.


« La France doit mettre fin au financement des centrales au charbon »

Source: Anne-Sophie Simpere, Malika Peyraut, Maxime Combes, Basta

Derrière les bonnes paroles de lutte contre les dérèglements climatiques, la France continue de soutenir massivement les énergies polluantes. Elle finance des centrales au charbon, par l’intermédiaire de la Banque européenne d’investissement (BEI) ou de la Banque européenne pour la reconstruction et le développement (BERD) dont elle est l’un des actionnaires principaux. Alors que la BEI s’apprête à adopter sa nouvelle politique énergétique le 24 juillet, Bankwatch, Attac et les Amis de la Terre demandent au gouvernement de réorienter ces financements publics, vers l’efficacité énergétique et les énergies renouvelables.

Fuelling controversy

Source: Dave Keating, European Voice

The EU's investment bank is under pressure to stop financing coal plants

EU Bank ‘Funding Polluters’

Source: Ida Karlsson, IPS

The European Union Commissioner for Climate Action, has called for the European Investment Bank, the largest institutional bank in the world, to take a leading role in eliminating public support for fossil fuels.

Mongolian herders submit complaint to European public bank

Source: , Intercontinental Cry Magazine

Ulaanbaatar – A group of Mongolian herders submitted today [July 5] an official complaint to the Project Complaints Mechanism of the European Bank for Reconstruction and Development (EBRD), hoping to initiate a process of evaluation of the adverse impacts on their health and livelihoods of two mining projects financed by the international public lender.

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