WWF recommendations on the draft EIB energy lending policy
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.