European Investment Bank signals end to fossil fuel lending by 2021

Published 22:36 on November 14, 2019  /  Last updated at 14:12 on November 15, 2019  /  EMEA, EU ETS  /  No Comments

The EU-owned European Investment Bank (EIB) will stop lending money to unabated fossil fuel projects at the end of 2021, it said late on Thursday, as green groups welcomed the move despite loopholes that give limited potential to sidestep the measure.

The EU-owned European Investment Bank (EIB) will stop lending money to unabated fossil fuel projects at the end of 2021, it said late on Thursday, as green groups welcomed the move despite loopholes that give limited potential to sidestep the measure.

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