The European Investment Bank is the European Union's nonprofit long-term lending institution established in 1958 under the Treaty of Rome. As a "policy-driven bank" whose shareholders are the member states of the EU, the EIB uses its financing operations to bring about European integration and social cohesion.
The European Investment Bank (EIB) has agreed to phase out lending for almost all fossil-fuel projects after 2021, including standard gas-fired power stations.
The bank is the first multilateral development bank to go so far in curbing fossil-fuel support due to climate change.
You are reading a subscriber-only article and we’re glad you’re enjoying it
To continue reading, you need a subscription (free for limited time) account. If you are subscribed with an account, please sign in ... if you would like to signup, please do so below.
We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to make a positive impact in the world. Send us a tip via editors @ pvbuzz [dot] com.
This website uses cookies to tailor content and ensure the best experience possible. If you continue, we will assume that you are OK with it.OKCookie Policy
