News
15 November 2019

EIB to phase out fossil fuel financing

In:
Power, Renewables
Region:
Europe

The EIB is to phase out financing for fossil fuels within the next two years. The bank will end its financing of oil, gas, and coal projects after 2021, a policy that will make the EU’s lending arm the first multilateral lender to do so. Under its new policy the bank will align all funding...

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