Source: , Power Engineering International

The momentum towards a world, or a Europe at least, where renewable power dominates was added to this week, when Connie Hedegaard said development banks ought to take “a lead role in eliminating public support for fossil fuels.”

Source: Ilaria Bertini, Blue and Green Tomorrow

The EU’s commissioner for climate change has urged three large development banks to stop investing in fossil fuels and to instead promote renewable energy in the western Balkans.

Source: James Murray, Business Green

Major victory for global divestment campaign as Nordic investment giant excludes 19 fossil fuel companies from its portfolio

Source: Arthur Neslen, EurActiv

Climate Commissioner Connie Hedegaard has called for development banks with a combined annual lending pot of €130 billion to end support for fossil fuels in their energy lending policy reviews.

Source: Sonja van Renssen, Energypost.eu

The European Investment Bank (EIB) intends to place stricter CO2 emission standards on coal power plants that it finances, but not as strict as the standards president Obama recently proposed in the US. The EIB is also considering investing in shale gas projects, according to a draft of its new energy lending policy. NGOs accuse the EIB of a “missed opportunity to politically reject coal”. With the EBRD and World Bank also mulling new investment criteria, the battle to “green up” Big Energy Money is heating up.

Source: Nils Klawitter, Der Spiegel

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