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The upcoming review of the European Investment Bank’s (EIB) transport policy provides an opportunity to shift public spending away from high-carbon and polluting projects to more sustainable transport modes such as trains, public transport, and cycling, writes Clara Bourgin. An analysis published today by Counter Balance examines EIB transport investments and proposes a real change of course. 
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Cette publication propose un tour d’horizon de la contribution de la Banque européenne d’investissement à la transition des régions charbonnières.
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Ukraine will increase the energy efficiency of some 1 000 public buildings and reduce energy consumption with a €300 million loan from the EIB. The loan will save 1 250 000 tonnes of CO2 and benefit 2.5 million people. Substantial grant contributions from the E5P and the EU are expected to complement the loan. The EU bank’s investment will improve the medium and long-term resilience to COVID-19 of the country’s public buildings, especially hospitals.
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The European Investment Bank (EIB) and Asper Investment Management Ltd. have signed an investment agreement worth €30 million for investments in four district heating projects in the Netherlands. This agreement will enable the EIB to consider additional investments into new district heating projects in the Netherlands up to €70 million.
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At a time of converging economic, health, climate and environmental crises, the European Union has committed to strong public investment to transform its economy. In parallel, the European Investment Bank (EIB) is in the process of setting out its “roadmap” for becoming the EU Climate Bank.
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First EU climate bank agreement with a large EU city
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The European Investment Bank approved an investment of 3.7 billion euros, out of which, 381 million euros will go for transport, hospitals and schools. European cities and communities will benefit from the new EIB investment in various projects - some of which had already been started and others are just being approved. For example, in Jyvaskyla (Finland), the EIB has approved an investment to build 7 schools and day care centres whereas in Stockholm (Sweden) a commuter train modernisation project is underway. Wroclaw (Poland) has plans to improve energy efficiency, urban transport, education, sports and cultural facilities. Banja Luka, the second largest city in Bosnia and Herzegovina, will receive a new medical complex, including a training centre and a university clinic.
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The European Commission has provided fresh funding to continue the work of the European Local Energy Assistance (ELENA) facility, implemented by the European Investment Bank (EIB). Under the new agreement, the initiative will support projects across its sustainable energy (€30 million) and sustainable transport (€5 million) portfolios. This will further stimulate investments in energy efficiency, especially in buildings, heat networks, street lighting and clean urban transport. The EIB will ensure the selection of high-quality projects and will lend its expertise to assist with their successful implementation.
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The EU investment arm's climate roadmap ends lending to airport expansions but does not require all the bank's intermediaries to have decarbonisation plans
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he European Investment Bank (EIB) will provide €95 million (US$112.4 million) for 40 projects in Barcelona to support climate change mitigation and adaptation, including expanding the ‘superblocks’ programme.
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At the end of 2018, the ECB held around €18 billion in corporate and public green bonds. Could it buy more to support the green transition? As the European Commission starts preparing a recovery plan to counter the economic fallout from the coronavirus pandemic, pressure is growing on the European Central Bank to play its role and use the opportunity to accelerate the green transition.
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