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Europe Daily Bulletin No. 12306

30 July 2019
SECTORAL POLICIES / Energy
EIB plans to stop financing fossil fuels
Brussels, 29/07/2019 (Agence Europe)

The European Investment Bank (EIB) is considering discontinuing fossil fuel financing by the end of 2020, according to a plan unveiled on Friday 26 July but still to be approved by the 28 EU Member States.

The EIB wishes to “increase its support for the energy transition in the EU”.

Andrew McDowell of Ireland, one of the EIB's eight Vice-Presidents, said that stopping the financing fossil fuels (coal, oil and natural gas) was “in line with Europe's commitments under the Paris Climate...

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Contents

INSTITUTIONAL
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
COURT OF JUSTICE OF THE EU
NEWS BRIEFS