WWF recommendations on the draft EIB energy lending policy | WWF

WWF recommendations on the draft EIB energy lending policy

Posted on 02 September 2019
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In July 2019, the European Investment Bank (EIB) published a new draft policy for lending to the energy sector.

WWF applauds several commitments of the Bank.

Notably, it welcomes:
- the proposed phase-out of fossil fuel support by end 2020 (with exemptions):
- the integration of the Energy Efficiency First principle coupled with a new building renovation initiative,
- the energy transition package

However, the policy contains several weaker parts. These run from too many exemptions to the ending of fossil fuel subsidies, to weak criteria for bioenergy and hydropower projects.

This briefing contains WWF's analysis and recommendations on the draft policy.