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On Thursday, the @EIB board (Member States, @EU_Commission) decides whether funding #gas infrastructure is still in the public interest.

I shuffled through the extraordinary amount of voices saying "no, we've got better things to fund" and put them in this THREAD.

30 businesses, investment groups and scientific institutions including @WMBtweets @cisl_cambridge @PIK_Klima @ClubOfRome @climatebonds
Economist Prof. @CKemfert clearly tells us that we're setting us up for another badly managed transition with #strandedassets if we use public funding for #fossilfuels as renewables and efficiency will undercut the market for gas. euractiv.de/section/energi… @OlafScholz
Implementing the #cleanenergypackage =↘️gas infrastructure needs by >70%. This means cheaper energy for citizens in the long run. But #energyefficiency progress is slow, so @EUASE says let's get priorities straight @TimmermansEU @JorgensenJuul #GreenDeal euase.net/letter-eib-ene…
To deliver fully carbon neutral electricity by 2045, we need to invest ca. EUR 100bn/year in clean energy
generation, storage and demand response. This is why @eurelectric agrees that the @eib's proposed approach to gas is a "balanced one". @JornaKerstin cdn.eurelectric.org/media/4046/201…
And of course, with 25% of EU energy related emissions coming from gas, over 70 NGOs spanning dozens of countries say that we have to stop funding gas with public money now @counterbalance #climatechange #methane counter-balance.org/open-letter-fr…
'@Fridays4Future and @ExtinctionR are both in full agreement - staging protests and calling on the EIB to go fossil free: dazeddigital.com/life-culture/a… @Luisamneubauer @GretaThunberg
Over 30,000 people signed a petition calling on the EIB to phase out support for fossil fuels: fossilfree-eib.eu/take-action/
MEPs, such as @sirgrahamwatson echo that we shouldn't undermine @vonderleyen plans before she's even started #EuropeanGreenDeal #EUclimatebank. The Parliament dedeicated a whole debate on this @RenewEurope @EPPGroup @GreensEFA : euractiv.com/section/energy…
More to come but lunch break is short....Please comment if I've missed!! @AErziniVernoit @soniakdunlop @e3g @_HWright @adoukas
@SamJamesMorgan @lesliehook @Jones_Pippa @jonasekblom @EwaBN @MBauchmueller @TspBackgroundEK @Luisamneubauer @wiwo @OlafScholz @vonderleyen And lawyers like @ClientEarth are wondering how an @EIB that still fossil fuels can be implementing that legal obligations under the #ParisAgreement clientearth.org/press/continue…
@SamJamesMorgan @lesliehook @Jones_Pippa @jonasekblom @EwaBN @MBauchmueller @TspBackgroundEK @Luisamneubauer @wiwo @OlafScholz @vonderleyen @ClientEarth @EIB And @BanKimoon_amdg - former @UN Secretary General - calls on @OlafScholz and Germany to make way for the clean age @EIB. Delivering on #ParisAgreement is more than ever a way of safeguarding mutlialteralism in a time of global geopolitical challenges. #Trump
And economist Enrico Giovannini and #sustainablefinance expert @SDDecleve from the @ClubOfRome write in @LaStampa why it makes sense for #Italy to turn to support @EIB going clean energy - a sector that has huge potential in the country #cop26
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