European institutions accused of undermining Paris Agreement by funding dirty energy projects

Madeleine Cuff
clock • 6 min read

EU bodies including the European Investment Bank and the European Bank for Reconstruction and Development are backing fossil fuel projects that threaten progress on climate targets, NGOs claim

Despite the promises made in Paris in December last year, key European institutions continue to fund dirty energy generation over alternative energy sources, according to a new report released yesterday...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Madeleine Cuff
Author spotlight

Madeleine Cuff

View profile
More from Madeleine Cuff

From SEMTA to Enginuity: Engineering skills body rebrands

Inside Enginuity's plan to build a workforce for the future

More on Investment

Study: Renewables tipped to emerge as 'clear economic winner' over fossil gas by 2029 in UK
Investment

Study: Renewables tipped to emerge as 'clear economic winner' over fossil gas by 2029 in UK

REA analysis shows renewables set to deliver net economic advantage for the UK from 2028 to 2029 compared to most costly power system that remains reliant on fossil gas imports

Amber Rolt
clock 17 February 2026 • 4 min read
Octopus Energy Generation plots $1bn-worth of California clean tech investments
Investment

Octopus Energy Generation plots $1bn-worth of California clean tech investments

Announcement comes as UK government strikes fresh agreement to deepen clean energy cooperation and investment with the US state

Michael Holder
Michael Holder
clock 16 February 2026 • 4 min read
'A serious concern': NatWest accused of weakening restrictions on oil and gas financing
Investment

'A serious concern': NatWest accused of weakening restrictions on oil and gas financing

NatWest's new Climate Transition Plan appears to water down several policies governing financing for the oil and gas sector, but bank insists it remains committed to halving the climate impact of its lending by 2030

Michael Holder
Michael Holder
clock 13 February 2026 • 4 min read