EIB approves €1 trillion green investment plan to become ‘climate bank’
The EU investment arm’s climate roadmap ends lending to airport expansions but does not require all the bank’s intermediaries to have decarbonisation plans
European Investment Bank
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The EIB has further to go to become the “EU Climate Bank”
The European Investment Bank should stop supporting airport expansion and close the loopholes in its policy against lending to fossil fuels
The EIB won’t become a climate bank until it fully stops supporting fossil fuels
The bank has committed to end fossil fuel financing by the end of the year but has handed out billions in support for companies wedded to the industry
Angela Merkel criticises EIB decision to ban gas lending
The German chancellor made the comments after incoming EU Commission president Ursula Von der Leyen praised the bank’s progress on climate action
European Union climate investment lags behind US and China
The European Investment Bank warns the EU needs to make “a tremendous effort” to develop a comprehensive climate strategy, putting investment at its core
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European Investment Bank ends lending to fossil fuel projects
EU finance ministers agreed to phase out EIB lending to unabated oil and gas projects, overcoming opposition from some member states in marathon board meeting
European Investment Bank moots fossil fuel lending ban
The world’s largest development bank proposed a pivot to clean energy, in a draft plan for consideration by EU finance ministers in September
Green Bonds: engaging investors for the climate
PRESS RELEASE: Green bonds are making environmental lending more visible and transparent, says European Investment Bank
South Africa, Kenya and Ethiopia lead Africa clean energy drive
NEWS: Renewables investments set to rise slowly on continent as countries explore potential for wind, solar and geothermal
Climate-friendly bonds are worth US$500bn – report
NEWS: The growing green bond market could stimulate low carbon investment and complement the divestment movement, says think-tank
EU development bank cuts finance for coal power plants
New regulations rule out new coal or lignite power plants from EIB investments, following similar move from World Bank last week