Palm oil diesel factories in Europe

    • Europe’s Climate Bank

    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.

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    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.