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Fundacja RT-ON - European Investment Bank to cease funding fossil fuel projects by end-2021
FriNov15

European Investment Bank to cease funding fossil fuel projects by end-2021

 After coal EIB - the biggest multinational development bank in the world - adopts an EPS of 250g/kWh and decides to end all finance for fossil fuel projects since 2021.

That should be a stark warning to governments still planning new coal power plants and mines i.e.

Turkey and Poland that it is not only game over for coal but all fossil fuels will be soon facing serious financial problems.

SOURCE: 

https://www.eib.org/en/press/all/2019-313-eu-bank-launches-ambitious-new-climate-strategy-and-energy-lending-policy

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