The European Investment Bank decided to scrub its loan books of fossil fuels in 2019 but the lender's head of energy policy, Andrew McDowell, insists that there is more to the change of direction than ditching coal and gas.
The European Investment Bank decided to scrub its loan books of fossil fuels in 2019 but the lender's head of energy policy, Andrew McDowell, insists that there is more to the change of direction than ditching coal and gas.
The European Investment Bank (EIB) decided on Thursday (14 November) to end financial support for fossil fuels from 2021, after marathon talks ended in a compromise that has been hailed as “a significant victory” for green policies.
