Posted on 02 September 2019
The Bank wants to end support for fossil fuels.
In July 2019, the European Investment Bank (EIB) published a new draft policy for lending to the energy sector.
WWF applauds several commitments of the Bank.
Notably, it welcomes:
- the proposed phase-out of fossil fuel support
by end 2020 (with exemptions):
- the integration of the Energy Efficiency First
principle coupled with a new building renovation
- the energy transition
However, the policy contains several weaker parts. These run from too many exemptions to the ending of fossil fuel subsidies, to weak criteria for bioenergy and hydropower projects.
contains WWF's analysis and recommendations on the draft policy.