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EIB fossil fuel lending phase-out hailed as ‘crucial milestone'
15 November 2019The European Investment Bank (EIB) has committed to phase out lending to most fossil fuel projects by 2022, in a move that has been hailed as a crucial milestone in achieving the goals of the Paris Agreement.
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EIB delays decision on fossil fuel-free lending policy
15 October 2019The European Investment Bank (EIB) has delayed a decision on whether to adopt a policy that rules out lending to fossil fuel-based energy projects.
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EIB provides €16bn in ‘climate action’ lending in 2018
25 March 2019The European Investment Bank (EIB) lent a combined €16.1 billion ($18.2 billion) – 29% of its overall lending – to ‘climate action’ projects in 2018.
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EBRD stops lending to most coal projects
11 December 2013The European Bank for Reconstruction and Development (EBRD) has announced it will no longer finance coal-fired power except in "rare circumstances" when there are no alternatives.