The European Investment Bank is not a leader in the green transition
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...