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

By: Nathan Lemphers
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.

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.

Gas and the European Investment Bank: Why New Gas Infrastructure Investment Is Incompatible with Climate Goals

By: OCI Team
Posted: June 12, 2019

There is no room for further financing of fossil gas or any other fossil fuel projects by the EIB. This briefing calls for the new Energy Lending Policy to reflect this reality. The EIB cannot claim to uphold its commitment to align its finance with the Paris Agreement if it continues to finance fossil gas projects.

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