EIB pulls out of incinerator project after recycling warning

The EU’s bank has pulled out of funding a controversial waste incinerator in Belgrade, Serbia, after the European Commission warned it could threaten environmental targets

The EU’s bank has pulled out of funding a controversial waste incinerator in Belgrade, Serbia, after the European Commission warned it could threaten environmental targets.

The planned €326.5m project was to be supported through a public-private partnership by the EU’s lending institution, the European Investment Bank (EIB), alongside the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and the Austrian Development Bank (OeEB).

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