Climate Justice • 06 Mar 2014
The Good, the Bad and the Uncertain: the new energy policies of Europe's public banksBack to overview
The climate change threat intensified in 2013 with the latest United Nations climate report issuing yet more stark warnings of the inevitability of a 2°C rise in global temperatures by the end of the century.
The year also saw almost simultaneous reviews to the energy lending policies of several international public development banks – the World Bank, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), three institutions that since 1994 have collectively provided 37.5 billion dollars in financing to the coal industry, along with additional multi-billion dollar support to the oil and gas sectors. This fact sheet provides an overview of the Good, the Bad and the Uncertain energy policy developments that emerged and are now in force at Europe’s two major public banks – the EIB and the EBRD.
Download our analysis below.