Support for EIB 2020 Pledge to stop fossil energy lending

The EIB’s aspiration to “stop lending to fossil-fuel energy projects by the end of 2020” and focus on the “energy efficiency first principle”, renewable energy and the necessity to support a “just transition” for workers in high-carbon sectors, has sent an important signal to financial markets and institutions across the globe.

We hope and expect that the EIB will deliver on its plans and swiftly confirm this level of ambition in its policy, in support of the goal of climate neutrality as the target for all future investment decisions of the EIB.

Read the full letter here

Read the original article by Ocean Energy Europe here