The best laid plans - Why the Investment Plan for Europe does not drive the sustainable energy transition

This report analyses projects approved by the European Fund for Strategic Investments (EFSI) in its first year of operation. The fund should catalyse €315 billion in new investment, and play an important role in the fight against climate change. However, as the analysis finds, during the EFSI's first year an additional €1.5 billion was earmarked for fossil fuel infrastructure, and 68% of transport investment is destined for carbon-intensive projects. In addition, the fund’s portfolio is heavily biased towards old EU member states and rather seems to replace the European Investment Bank’s green investments, rather than complementing them.

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