europeaninvestmentbank
The European Commission today (April 22) launched a European Energy Efficiency Financing Coalition to mull ways to finance the implementation of EU legislation designed to reduce energy consumption by linking member states with financial institutions. The coalition aims to assist financing related to legislation like the Energy Efficiency Directive (EED) adopted in July last year, and the European Buildings Performance Directive (EPBD), adopted in April. Ever since the onset of the European Green Deal, energy efficiency has been a fundamental pillar of the green transition, hailed as a key ena...
Euronews (English)
Fourteen nations have sent a letter to European Investment Bank (EIB) officials to call for more efficient funding of defence projects, according to Bloomberg. The letter, dated 17th March, was sent to EIB President Nadia Calvino, European Council President Charles Michel, and Belgian Prime Minister Alexander De Croo. The EIB's current policy forbids it from investing in weapons, ammunition, and military infrastructure, but the bank is allowed to finance so-called "dual-use items", which can be used for both civilian and military purposes. In the face of Russian aggression in Eastern Europe, a...
Euronews (English)
The European Investment Bank (EIB) is in talks to invest in defense companies amid heightened urgency to scale up Europe's defense industry, Bloomberg reported on March 13. The colossal output of the Russian military-industrial complex since it launched its full-scale invasion of Ukraine has put the performance of the European defense industry into sharp relief. The EU failed on its promise to deliver 1 million artillery shells to Ukraine between March 2023 and 2024, while Russia is reportedly set to produce nearly three times as many artillery munitions as the West this year. According to Blo...
Kyiv Independent (UK)
The European Investment Bank (EIB) is in talks to invest in defense companies amid heightened urgency to scale up Europe's defense industry, Bloomberg reported on March 13. The colossal output of the Russian military-industrial complex since it launched its full-scale invasion of Ukraine has put the performance of the European defense industry into sharp relief. The EU failed on its promise to deliver 1 million artillery shells to Ukraine between March 2023 and 2024, while Russia is reportedly set to produce nearly three times as many artillery munitions as the West this year. According to Blo...
Kyiv Independent
The European Investment Bank (EIB) is in talks to invest in defense companies amid heightened urgency to scale up Europe's defense industry, Bloomberg reported on March 13. The colossal output of the Russian military-industrial complex since it launched its full-scale invasion of Ukraine has put the performance of the European defense industry into sharp relief. The EU failed on its promise to deliver 1 million artillery shells to Ukraine between March 2023 and 2024, while Russia is reportedly set to produce nearly three times as many artillery munitions as the West this year. According to Blo...
Kyiv Independent (CA)
European Investment Bank President Nadia Calviño’s recent comment for Euronews that the EIB’s value is de-risking green investment for private investors builds on broader aims stated by the EIB to become a leader in green finance and to back large-scale projects to tackle global issues, including but not limited to, climate change. While this might sound like a noble ambition, communities impacted by EIB projects know there is a lot more to the story: the EIB has already revealed time and again that it is ill-equipped to lead a green transition. The EIB has a poor track record when it comes to...
Euronews (English)
The financial branch of the European Union, the EIB, may be willing to bet on less secure investments under its new leadership. In an interview with the Financial Times, president and former Spanish economy minister Nadia Calviño Santamaría signalled that she hopes to increase investment in defence and nuclear projects. The shift is a departure from the risk-averse approach taken by her German predecessor Werner Hoyer, who she replaced last month. To align itself with its climate goals, the EIB is no longer supporting traditional fossil fuel projects, but investing in nuclear power is an uncha...
Euronews (English)
It's the biggest multilateral lender in the world; the European Investment Bank is providing funds for green projects instead of fossil fuel investments. It is also financing the reconstruction of Ukraine and supporting innovation and competitiveness, not just in Europe but across the globe. Euronews Correspondent Stefan Grobe spoke with Nadia Calviño, the Former Deputy Prime Minister of Spain and newly-appointed President of the European Investment Bank on The Global Conversation. To watch the full interview click on the video in the media player above or read the full interview below. Stefan...
Euronews (English)
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