Several political groups in the European Parliament and leading civil society organisations on climate issues welcomed the new strategy for lending to the energy sector unveiled by the European Investment Bank (EIB) on Thursday evening, 14 November, even though they would have liked even more radical decisions (see EUROPE B12368A22).
In particular, the EIB is the first multilateral bank to formally decide to cancel financing for new fossil energy projects, including gas, from the end of...