There's no point in investing 50% of your money in saving the climate and the other 50% in destroying it.
So says Dr. Werner Hoyer, CEO of the @EIB at an exchange of views with the @EP_Environment.
So says Dr. Werner Hoyer, CEO of the @EIB at an exchange of views with the @EP_Environment.
@EIB @EP_Environment @GraceOSllvn Excellent questions by @michabl on the revision of next sectoral lending policies of the @EIB and the potentially big loopholes around 'low carbon gases', CCS and the 4th PCI list.
@EIB @EP_Environment @GraceOSllvn @michabl Now an Italian MEP for the ID Group is saying that climate financing by the @EIB is creating a bubble and is defending the interests of big interests, rather than protecting citizens.
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@EIB @EP_Environment @GraceOSllvn @michabl .@JuttaPaulusRLP reminding everyone in the room that there's a biodiversity crisis as well as a climate crisis.
How can the @EIB support projects and investments to tackle biodiversity loss?
How can the @EIB support projects and investments to tackle biodiversity loss?
@EIB @EP_Environment @GraceOSllvn @michabl @JuttaPaulusRLP .@wallacemick asks the @EIB to clarify which fossil fuel projects it will fund after 2021, eg will it fund the Shannon LNG project?
The @EU_Commission is working on sustainable finance taxonomy with a much lower emissions performance standard (100gCO2/kWh) than the @EIB. Why?
The @EU_Commission is working on sustainable finance taxonomy with a much lower emissions performance standard (100gCO2/kWh) than the @EIB. Why?
@EIB @EP_Environment @GraceOSllvn @michabl @JuttaPaulusRLP @wallacemick @EU_Commission Now Werner Hoyer of @EIB is responding:
Some of the EIB's most impactful investments have been outside the EU, eg mobiles leapfrogging landlines. But they're limited to 10% of lending outside EU. The migration crisis has woken Europe up to the importance of development lending.
Some of the EIB's most impactful investments have been outside the EU, eg mobiles leapfrogging landlines. But they're limited to 10% of lending outside EU. The migration crisis has woken Europe up to the importance of development lending.
@EIB @EP_Environment @GraceOSllvn @michabl @JuttaPaulusRLP @wallacemick @EU_Commission Werner Hoyer of @EIB: it's irresponsible banking to invest in an asset that has a lifespan of 40 years that you know will have to be written off in 15 years.
It's the taxpayer who ends up paying the bill of these stranded assets.
It's the taxpayer who ends up paying the bill of these stranded assets.
@EIB @EP_Environment @GraceOSllvn @michabl @JuttaPaulusRLP @wallacemick @EU_Commission Werner Hoyer of @EIB's answer on the biodiversity crisis: reforestation, agriculture and oceans are all important and they will go to the CBD in China next year with a lot of ambition.
@EIB @EP_Environment @GraceOSllvn @michabl @JuttaPaulusRLP @wallacemick @EU_Commission Oh dear @AMcDowell isn't off to a good start referring to #renewables as intermittent. They're not, they are variable which means they are predictable.
He says gas can only be funded in the future in 3 ways:
1) combined heat and power
2) green gases
3) carbon capture and storage
He says gas can only be funded in the future in 3 ways:
1) combined heat and power
2) green gases
3) carbon capture and storage
@EIB @EP_Environment @GraceOSllvn @michabl @JuttaPaulusRLP @wallacemick @EU_Commission @AMcDowell .@AMcDowell: efficiency has been a very overlooked element of the @EIB's energy lending policy.
They will also have to look at the embodied energy in building projects.
Et voilà, c'est fini.
They will also have to look at the embodied energy in building projects.
Et voilà, c'est fini.
