No more fossil fuels: The EIB makes big plans for a brighter future

Keeping you up to date with our recent activities in Europe and around the world.

EIB at a glance

The EIB will stop financing fossil fuel
The EIB’s Board of Directors approved a new Energy Lending Policy that calls for no new financing of unabated fossil fuel projects, including gas, from the end of 2021.

‘We’re setting a global standard’
Vice-President Andrew McDowell says the new energy policy means more lending for renewable energy, energy efficiency, solar and wind power, advanced batteries, clean technology and innovation.

Green energy helps the environment and the economy
Lending for clean energy is closely linked to job creation and a better quality of life. Fundamentally, the transition to clean energy will require a lot of new technology.

Climate Solutions essay series: Tackling humanity’s biggest threat
This new EIB essay series on climate details the challenges, lays out the solutions and shows exactly what you must do to make them happen. Whether you’re a policymaker, a financial institution or a citizen, Climate Solutions is your checklist to save humanity.

Preserving the oceans: More lending and advisory activities to clean up the seas
We are stepping up our investments in the “blue economy” and supporting more projects that reduce pollution and preserve the well-being of the oceans.

Better lives beyond our borders
Key investments around the world create stability and sustainable growth while fighting climate change. Here are the numbers that show the high impact of EIB work outside the European Union.

Lisbon Web Summit: Supporting start-ups, the digital economy and innovation
At this year’s Web Summit in Portugal, EIB representatives exchanged ideas with entrepreneurs, increased awareness on financial support for start-ups and innovation, and announced several new projects.

Innovating to overcome ethical, social and environmental challenges
The winners of the EIB Institute’s 8th Social Innovation Tournament are HeHop (France), Jelly Drops (UK), Fazla Gida (Turkey) and Zouri Shoes (Portugal). The tournament, which aims to reward and promote initiatives working to create positive social and environmental impact, took place in Dublin on 24 October.

The Investment Plan for Europe at a glance

A major boost for jobs and growth
The Juncker Plan is expected to increase GDP in the European Union by 1.8% and add 1.7 million jobs by 2022.

See it on the map
Take a look at a selection of projects that show how the Investment Plan for Europe is making the European Union more competitive.

List of projects
The Investment Plan for Europe continues to mobilise investment to boost the European economy in a sustainable way.

The European Investment Fund at a glance

Watch how private credit is helping small businesses in Europe
Private credit funds have become an important player in the financial market. Lauren Fradgley, an investment officer at the European Investment Fund, explains how the EIF can help investors diversify their portfolio with private credit funds that lend money directly to companies.

€1.9 billion for Spanish entrepreneurs and small businesses
The EIB Group and Banco Santander join forces to offer financing with favourable conditions to foster economic growth and employment, especially in regions with high unemployment.

€30 million for start-ups focusing on ‘data-centric’ software
At the Web Summit in Lisbon, the EIF and the Portuguese development bank signed a deal with Faber Tech II, a venture capital fund focused on data-centric start-ups in Iberia.

Latest publications

EIB energy lending policy: Supporting the energy transformation

This document details how the Bank assesses and prioritises energy lending.

Resilient Africa: Opportunities for action

Africa’s economy is growing, driven by a youthful and ambitious population, but this progress is vulnerable to shocks, especially from conflicts and climate change. The EIB plans to mobilise €100 billion in investment to help the continent.

Trust funds in action

Resources for development finance are limited. EIB trust funds have raised around €1.1 billion from donors and mobilised over €20 billion of investment in development projects. Find out how trust funds work.

Highlights from the EIB Board Meeting, 14 November 2019

Read the press release

Recently approved EIB projects

List of EIB projects

Upcoming events

European Microfinance Week

Luxembourg – 20 to 22 November

EIB Central Banks Seminar

Luxembourg – 25 to 26 November

7th Annual Economics Conference

Luxembourg – 26 to 27 November

Global Landscape Forum