Tag Archives: EU energy policy

New energy policy from European Investment Bank welcomed

After a meeting last week in Luxembourg, the board of the European Investment Bank (EIB) changed its energy lending policy. The EU’s main lending arm said it would stop financing most coal-fired power stations to help reduce pollution and meet climate targets, and devote 90% of its lending to clean energy. In a press release, … Continue reading New energy policy from European Investment Bank welcomed

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France has a pivotal role to play on 2030 targets

Philippe Martin is an important man. As France’s new environment minister, he occupies a key post in a government that will be pivotal in determining the EU’s post-2020 climate and energy policy. While no official position will be presented before the elections, there are little doubts that Germany will come out in favour a binding … Continue reading France has a pivotal role to play on 2030 targets

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Development banks spend 32 times more on fossil fuels than renewables

On 1 July Croatia became the 28th member of the EU. The country has started investing in wind power – indeed it is the leader of the western Balkan region, with 193.75 MW of wind turbines in operation at the end of 2012. However a new report underlines that international financial institutions must offer more … Continue reading Development banks spend 32 times more on fossil fuels than renewables

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The reason fossil fuel firms are not trying to reduce their carbon emissions could be due to uncertainty on climate and energy policy, suggests the Economist in a recent editorial. The paper cites cuts in renewable energy support schemes as one of the elements influencing investors.

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