About: EIB

Not quite over yet: EIB spent €890 million on fossil gas since phase out, activists say

The European Investment Bank (EIB) has invested €890 million in gas projects since it pledged to phase out investments into fossil fuels by 2022, contradicting the bank’s "gas is over" narrative, activists say.
Economy & Jobs 14-12-2020

Repayable support: no silver bullet but a means to tackle EU funds graft

Increasing the role of loans and guarantees utilised to narrow the disparities between European regions may help combat the misuse of EU funds but cannot replace the role of accountability, transparency and sound domestic institutions.

Which technologies should be in the EU’s climate action toolbox?

Experts disagree about which technologies should be used to meet the EU’s climate change targets.

EU bank approves €1 trln green lending plan

European Union governments approved a €1 trillion green "roadmap" for the bloc's lending arm on Wednesday (11 November) that will see it stop financing fossil fuel projects and airport expansions, though climate groups said it did not go far enough.
Aviation 05-11-2020

EU bank mulls ban on cash for airport expansions

The European Investment Bank (EIB) could withdraw support for new airports, according to a draft climate roadmap seen by EURACTIV. However, the bank is set to keep funding motorways, as well as approving investments under the old rules until 2022.
Economy & Jobs 31-01-2020

EU bank rides out Brexit impact ‘surprisingly well’, says EIB chief

Economic uncertainty caused by the UK’s imminent EU departure did not stop the European Investment Bank (EIB) having a record-breaking year in 2019, according to the bank’s president. Werner Hoyer said that the lender dealt with it “surprisingly well”.
Railways 16-01-2020

Turkey’s railways set for EBRD boost

Europe’s Bank for Reconstruction and Development (EBRD) expects to increase its €1 billion of investment in Turkey in the coming year, with railways slated to get a funding boost.

EU climate investment falls behind China and the US

The European Union continues to lag behind in terms of ‘green’ investment compared with China and the US, the EIB warned on Tuesday (26 November). The lender said that financing should increase by one-third to achieve a net-zero emissions economy by 2050.

EU bank brokers late-night deal to phase out fossil fuels

The European Investment Bank (EIB) decided on Thursday (14 November) to end financial support for fossil fuels from 2021, after marathon talks ended in a compromise that has been hailed as “a significant victory” for green policies.

Germany to sit out decisive EIB vote as fossil fuel row continues

Germany is preparing to abstain from a vote on the European Investment Bank’s (EIB) future energy lending policy on Thursday (14 November). Internal government disputes continue to scuttle attempts to form a common position on scrapping fossil fuel funding.

EU bank tees up fossil fuel compromise ahead of crucial vote

The European Investment Bank will decide on Thursday (14 November) whether or not to purge its loan books of fossil fuel projects. All signs point to the EU lender striking a compromise with Germany and Italy which want more leeway for new gas projects.
Central Asia 11-10-2019

‘Almost impossible’ to rival China’s business clout in Central Asia

“China is coming with an offer nobody can refuse, while the EU is coming with an offer nobody can understand." For many in Central Asia, that phrase – although intended as a joke – best summarises the European way of doing business.
Energy 07-10-2019

Will Germany block EIB plans to ditch natural gas?

The European Investment Bank wants to purge its loan books of fossil fuels, including natural gas, by 2020. Although the Bank's final decision is expected to be delivered on 15 October, resistance, especially from Germany, is brewing. EURACTIV Germany reports.

EIB begins metamorphosis into climate bank

European Investment Bank (EIB) directors will begin discussing on Tuesday (10 September) an updated lending policy which could see the EU bank stop funding fossil fuel projects. But some member states and even the European Commission might push for a more reserved approach.
Climate change 25-06-2019

EU countries urged to see ‘opportunity in climate change’

Climate change should be seen as an opportunity not a threat but the tools at the EU’s disposal need to be changed to deal with the coming challenge, according to officials, MEPs and climate experts.
Energy 14-01-2019

UK revealed as EU champion of fossil fuel subsidies

The United Kingdom spends the most in the EU on subsidising fossil fuels, according to a new report by the European Commission, which also found that EU-wide payments have failed to decrease despite the bloc’s commitment to the Paris Agreement on climate change.
Climate change 12-12-2018

COP24 diary – day #10

Over this special series on COP24, EURACTIV gives you a glimpse into the goings on of the UN climate conference in Katowice and what is driving the conversation there. In this edition: coal bonanza at the EIB, roaming COP24, German 'nein', Fijian drum beat, and more.
EU-Africa 05-10-2018

Venture capital with a difference: targeting Africa’s ‘missing middle’

The 'missing middle' of the financial services spectrum in much of sub-Saharan Africa means that start-ups are unable to find the investment they need to grow. But venture capital firms are looking at companies that target the low-income mass market.
Development Policy 17-09-2018

The EU’s bank in Africa steps up the action

Whether or not Jean-Claude Juncker’s plans for a "partnership of equals" with Africa becomes reality any time soon, the Luxembourg-based European Investment Bank will have an ever-increasing role in the continent.
EU-Africa 04-09-2018

China’s investment largesse may dwarf EU in Africa

When it comes to increasing investment in the African, Caribbean and Pacific countries covered by the Cotonou Agreement, the EU talks a good game. But it is facing stiff competition from China, armed with more cash and fewer concerns about democracy and the rule of law when it comes to investment.
Global Europe 18-07-2018

EIB cannot do business with Iran, bank chief warns

The European Investment Bank (EIB) would risk its business model if it invested in Iran,  because of the sanctions the US reinstated after its withdrawal from the nuclear deal, the president of the EIB  told the press on Wednesday (18 July).
Global Europe 05-07-2018

EU lawmakers back plan for European Investment Bank work in Iran

EU lawmakers gave approval on Wednesday (4 July) for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.
Development Policy 01-05-2018

EU budget promises sweeping changes to development policy

The development policy community is anxiously awaiting an overhaul of the EU’s development budget and the instruments used to spend it, when the European Commission publishes its communication on Wednesday (2 May) for the bloc’s next seven year budget.
Energy 13-12-2017

EU bank delays decision on mega pipeline loan

The European Investment Bank on Tuesday (12 December) delayed a decision on whether to grant a multi-billion-euro loan to a controversial pipeline, after the bank’s board insisted it needs more time to assess the project.
Contribute