The European Investment Bank (EIB) on 15 October postponed taking a decision to next month on whether to phase out lending to fossil fuels, following objections from the European Commission and some EU Member States, including Germany, Italy, Poland and Latvia want the bank to keep funding certain gas projects to help the transition from coal or nuclear power, or for energy security reasons.

EIB President Werner Hoyer, who is committed to align all the EIB operations with the Paris Agreement ...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now