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Climate Change Blog

European Investment Bank Adopts New Energy Lending Policy

On 14 November 2019, the Board of Directors of the European Investment Bank (“EIB”), the world’s largest multilateral bank, adopted a new Energy Lending Policy (the “Policy”), which aims to end EIB investment in the majority of fossil fuel programs by the end of 2021. The Policy signals a change in the flow of capital from multilateral banks into greener energy investments and seeks to incentivize technological innovation.

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Margaret E. Peloso

Margaret E. Peloso Partner

Eric Groten

Eric Groten Partner

George C. Hopkins

George C. Hopkins Partner

Michael B. Wigmore

Michael B. Wigmore Partner

Mattew T. Dobbins

Matthew Dobbins Partner

Tyler E. Robinson

Tyler E. Robinson Counsel

Theresa Romanosky

Theresa Romanosky Senior Associate

Brandon M. Tuck

Brandon M. Tuck Counsel