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The European Investment Bank (EIB) is the world’s largest multilateral lender, bigger even than the World Bank. As a public bank, it’s tasked with providing finance in the EU public interest, and it has an outsized influence on the EU’s energy system because of the private investment it can “crowd in” and the sheer amount of money it has at its disposal.

Over the last year the EIB has repeatedly unequivocally committed to aligning its finance with the Paris Agreement. This is especially well-timed news because the Bank is currently undergoing its once-every-five years Energy Lending Policy review process. But

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