Climate Changed
EU Bank Takes ‘Quantum Leap’ to End Fossil-Fuel Financing
- European Investment Bank approves new energy lending strategy
- Incoming EU Commission chief wants EIB to become climate bank
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
The European Investment Bank adopted an unprecedented strategy to end funding for fossil fuel energy projects, in a move expected to support Europe’s plans to become the first climate-neutral continent.