The headquarters of the European Investment Bank. (EIB)
The European Investment Bank (EIB) is financing more and more projects in Europe and elsewhere that will feature renewables and clean energy, but it will continue to lend to gas infrastructure projects where it sees fit.
Werner Hoyer, the EIB’s president, told a press briefing in Luxembourg last week that the role of gas as a transition fuel meant that gas-based projects would be eligible for loans.
“What we observe […] is the move towards other energy sources. However, we are not completely independent [of fossil fuels]...
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