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.
fossil gas
Gas and the European Investment Bank: Why New Gas Infrastructure Investment Is Incompatible with Climate Goals
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.
Briefing: Carbon Pricing and the Multilateral Development Banks
To help inform the alignment of the MDBs with the Paris Agreement, this briefing explores the use of shadow carbon pricing by MDBs and considers some best practices and limitations in the application of shadow carbon prices.
Breaking! Gas Still Isn’t a Bridge Fuel
Gas is dirty, expensive, and unnecessary – so why is the fossil fuel industry calling it a ‘bridge fuel’? Our new report unpacks and debunks the enduring myth that gas can form a ‘bridge’ to a safe climate.
The Vanishing Need for the Atlantic Coast Pipeline
Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline.
Report: The Vanishing Need for the Atlantic Coast Pipeline
Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline.
With Construction Temporarily Halted, Help Step Up Pressure Against the Atlantic Coast and Mountain Valley Pipelines
Construction of the Mountain Valley and Atlantic Coast pipelines has been halted for now. It’s time to stop them for good.
Dozens of Advocacy Groups Refute Energy Department Report Touting LNG Export Demand and Feasibility
Dozens of advocacy groups highlighted fundamental flaws in a draft federal study intended to assess the macroeconomic impacts of expanded LNG export.
International Study: No Room for New Gas in Ireland’s Energy Transition
A new study by Oil Change International has found that drilling for more new gas in Irish waters is not compatible with achieving the Paris Agreement to limit climate change. The report assesses the role of fossil gas in the energy system against the background of Ireland’s own decarbonization targets, and our obligations under the Paris Agreement.
Gas Is Not a Bridge Fuel: Why Ireland’s Climate Goals Cannot Be Met with More Gas
Ireland is on course to miss both its short-term climate commitments within EU legislation, and its long-term target of reducing greenhouse gas emissions from the energy sector by between 80 and 95 percent by 2050. Expanded gas extraction will only make it more difficult to achieve these goals, and must be avoided in order to achieve a safe climate future.