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Policy & Regulation

EU divided on future EIB lending to gas projects

Member states will try for a third time in November to reach consensus on the European Investment Bank's contentious new energy lending policy Member states will try for a third time in November to reach consensus on the European Investment Bank's contentious new energy lending policy.
By Christian Ernhede 17 October 2019 Europe & Russia / Policy & Regulation 0 34692
The headquarters of the European Investment Bank in Luxembourg. (EIB)

The key issue: The European Investment Bank has proposed a new draft energy lending policy in its move to phase out support for fossil fuels, but EU member state representatives failed this week to agree on the proposal.

Interfax analysis: The latest draft of the European Investment Bank’s (EIB’s) energy lending policy broadens the funding criteria to include more gas infrastructure while maintaining next year’s fossil fuel phase-out. However, member states and the European Commission are holding back their approval for a...