In June 2013, WWF launched Seize Your Power, a global campaign calling on financial institutions to significantly increase their funding of renewable energy and cut funding to fossil fuels. The action recognises that the level of CO2 emissions in the atmosphere requires drastic action if we are to limit global warming.

As the world’s third-largest emitter of greenhouse gases, the European Union and its 28 Member States have a crucial role to play. The EPO actively supported WWF’s global campaign by targeting the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

WWF targeted two of the world’s largest public financial institutions and called on them to end support of fossil fuels. Pressure was applied to the Banks through different channels including direct advocacy towards EIB and EBRD staff, EU national governments, and traditional and social media.

In July 2013, the EIB adopted measures which will phase-out support for coal and lignite power plants. By November, Denmark, Finland, Iceland, Norway, Sweden and the UK, had joined the US in ending public finance for new overseas coal-fired power plants. In December 2013, the EBRD followed suit and committed to phase-out financial support for coal plants (with exemptions) and promote investments in renewable energy and energy savings.

So what’s the next step?
In 2015, WWF will closely monitor how the EIB and the EBRD implement their new ‘anti-coal policy’ and whether the banks and Member states will actually ‘walk the talk’.  

PLAY WITH YOUR POWER

 / ©: WWF
Have you ever wanted super powers? What if you had the power to change the world?

We challenge you to play with your power and join us in our quest for a future powered with sustainable energy. We urgently need to invest enough money into renewable energy to tackle irreversible and dangerous climate change NOW.

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WWF's work on renewables and climate change in Europe


Moving from fossil fuels to renewables will not only fight climate change, it will also reduce the EU’s dependence on imports of fossil fuels and boost much needed job creation in Europe’s economies.

Discover here WWF's work on renewables and climate change in Europe
 / ©: WWF
BUSTING THE MYTHS: Debunking myths about renewable energy
© WWF

BUSTING THE MYTHS: Debunking myths about renewable energy


This report presents evidence and facts that demystify some of the most popular myths about renewable energy relative to its economic viability, sustainability and technological reliability.