Counter Balance input to the EIB climate policy consultation

In order to re-orient the EIB towards more sustainable and climate-oriented operations, Counter Balance submitted two written inputs to the EIB’s public consultation to create a Climate Policy.

The first one – jointly submitted with Bankwatch, Focus, urgewald, Both Ends, Estonian Green Movement, Transport and Environment, CEPA Slovakia and Latvian Green Movement – makes proposals to align the EIB lending with the climate objectives of the European Union and to streamline climate considerations all over the lending portfolio of the bank. Download the document below.

The second submission focuses more on the role of the EIB in promoting the financialisation of nature via supporting controversial carbon funds and engaging in the business of so-called “natural capital”. We show the inconsistency of this approach and demand the EIB not to engage further in developing “innovative instruments” that actually contribute to the dangerous trend of “Financialisation of Nature” and transfer nature and infrastructure into asset classes. Download the document below.