European Investment Bank: 'We will stop financing fossil fuels'

James Murray
clock • 7 min read

Multilateral bank says world's 'most ambitious climate investment strategy' will unlock €1tr of climate action and environmental sustainable investment through to 2030

The European Investment Bank (EIB) last night approved plans to halt lending to fossil fuel energy projects from the end of 2021, promising to unleash the "most ambitious climate investment strategy of...

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

James Murray
Author spotlight

James Murray

View profile
More from James Murray

'Historic day': UK and EU strike deal to link Emissions Trading Schemes

UK sets new solar generation record

More on Investment

Sustainable Ventures' Andrew Wordsworth: 'Collaboration between diverse stakeholders is key'
Investment

Sustainable Ventures' Andrew Wordsworth: 'Collaboration between diverse stakeholders is key'

Sustainable Ventures co-founder reflects on building one of Europe's leading climate tech clusters, helping its companies collectively raise over £1.1bn and create 7,000 green jobs.

BusinessGreen staff
BusinessGreen staff
clock 15 May 2025 • 6 min read
Octopus Energy Group targets pension schemes with £165m clean energy fund
Investment

Octopus Energy Group targets pension schemes with £165m clean energy fund

Astris fund to offer pension schemes and private wealth investors simple way to invest in global energy transition, as government hails impact of Mansion House reforms

James Murray
James Murray
clock 13 May 2025 • 3 min read
London Stock Exchange puts value of global green economy at $7.9tr
Investment

London Stock Exchange puts value of global green economy at $7.9tr

Report confirms global green economy has enjoyed a compound annual growth rate of 15 per cent over the past decade, putting it second only to technology as the world's fastest growing sector

James Murray
James Murray
clock 12 May 2025 • 3 min read