Development & Human Rights • 01 Dec 2014
The EIB’s belief in financial alchemy to fix the climate crisis: Back to overview
The case of the Althelia Climate Fund
The European Investment Bank is at the forefront of carbon market development through its support for REDD+ via the Althelia Climate Fund. Given the impact of REDD and REDD+, this paper argues that the EIB’s support for REDD+ through Althelia is not in line with the European development policy and the goals that the Bank claims to abide to.
Written by Antonio Tricarico, Re:Common – based on the findings of Merian Research.