Briefing

Europe’s Climate Bank

December 16, 2020

This paper details six changes needed for the bank to radically change EIB's approach to transport lending in order to play a leading role in the decarbonisation of the sector.

Transport is Europe’s biggest climate problem, accounting for about 28% of the EU’s greenhouse gas emissions. Transport is the single largest sector in which the European Investment Bank (EIB) is active, accounting for about 25% of the investments made by the bank. The EIB is in the process of revising its Transport Lending Policy in 2021.

This means that the sector will be an important feature of the bank’s climate targets. This briefing provides a summary of the revisions necessary to ensure that transport investment is positively contributing to climate action and environmental sustainability.

Related Articles

View All
Letter

Making EU state aid work for clean manufacturing

A proposed reform will not deliver the necessary overhaul of EU state aid rules, say civil society, researchers and industry.

Letter

Climate, nature and public health must remain priorities in the next EU budget, NGOs say

Nine civil society groups outline principles which must underpin the next Multiannual Financial Framework.

Press Release

NGOs challenge European Commission’s undemocratic Omnibus process

Eight groups lodge formal complaint against the Commission’s rushed dismantling of key pillars of the Green Deal.