The EIB’s belief in financial alchemy to fix the climate crisis:
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.