EU bank urged to close loopholes in green funding plan

Environmental campaigners have called for the European Investment Bank (EIB) to rethink a plan to make its lending compliant with the Paris climate agreement

Environmental campaigners have called for the European Investment Bank (EIB) to rethink a plan, due to be discussed by EU finance ministers later this month, to make its lending compliant with the Paris climate agreement. 

WWF said in an analysis published this week that it applauded several commitments made by the bank, including those to phase out - with exemptions - support for fossil fuels by 2020, the integration of the ‘energy efficiency first’ principle with a new building renovation initiative, and the energy transition package.

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