European Investment Bank approves ETS2 Frontloading Facility The European Investment Bank (EIB) board has approved a €3bn Frontloading Facility which provides revenues to countries to spend on preparing citizens for higher fuel costs, once the EU’s carbon price on heating and fuel (ETS2) kicks in. A further €3bn could be … [continued]
By Lorenzo Manca, Sustainable Finance Officer, T&E. There are welcome signs that the European Investment Bank intends to tackle transport poverty via the ETS2. The institution should also ramp up support for clean transport technologies such as e-fuels and the battery value chain. The EIB is the EU’s investment giant, … [continued]
The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola with backing from the Spanish export credit agency, Cesce. Iberdrola is the largest electric utility in Europe, employing over 45,000 people. The Windanker offshore wind farm will have 315 MW of capacity when completed. It is … [continued]
T&E’s analysis of gaps and opportunities for the European Investment Bank’s transport lending. Back in 2021, the European Investment Bank (EIB) has committed to become the EU’s Climate Bank by adopting the Climate Bank Roadmap. This year, this Roadmap will be renewed for the period 2026–2030. Transport lending activities are at … [continued]
$11 trillion in divestments! That’s the grand total movement away from fossil fuels as of end-of-year 2019.
Goldman Sachs has been garnering quite a lot of Twitter praises after the bank updated its “Environmental Policy Framework.” As per the changes, the firm has now pledged:
A draft proposal circulating through the boardroom of the European Investment Bank recommends terminating all further investments in fossil fuels effective 1/1/2021. The bank currently provides about $3 billion a year in financing for the fossil fuel industry.
The European Commission, the European Investment Bank, and Breakthrough Energy Ventures chaired by Bill Gates, announced Wednesday the establishment of a new €100 million fund to support clean energy investments in Europe.
The European Investment Bank and the Palestine Investment Fund announced on Friday a loan agreement worth $18 million to finance the installation of rooftop solar PV systems on 500 public schools in the West Bank.
Spanish banking giant CaixaBank is partnering with the European Investment Bank to launch its first credit line to finance climate action-focused projects.
