The devil is in the details: the IEA begins to develop a 1.5 °C Scenario

Posted: June 20, 2019

For IEA scenario reform, the devil is in the details. The IEA must develop a 1.5°C scenario that is aligned with the goals of the Paris climate agreement and address the concerns of key WEO users. Anything less would be easy to discount as greenwashing or another example of the pro-fossil fuel bias at the IEA.

EU’s lending arm wants more pipelines and the Paris Agreement – it can’t have both

By: Bronwen Tucker

Posted: June 18, 2019

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.

Briefing: Why the U.S. Export-Import Bank Must End Financing for Fossil Fuels

By: Collin Rees

Posted: June 13, 2019

Over the past decade, nearly 90% of the U.S. Export-Import Bank's total finance for energy projects has flowed to projects in oil, gas, and coal. As momentum grows for climate solutions in the U.S. and abroad, there is an urgent need for a ban on fossil fuel financing at ExIm.

Report: The European Investment Bank Can’t Meet the Paris Agreement if It Keeps Funding Gas Infrastructure

By: OCI Team

Posted: June 12, 2019

A new analysis released today highlights how European Investment Bank (EIB) financing of fossil fuel projects – in particular gas pipelines and LNG terminals – is not compatible with EU climate commitments or the aims of the Paris Agreement.