In September 2016 the European Commission published its proposal for the prolongation of the European Fund for Strategic Investments (EFSI) until 2020, to be achieved by amending the existing regulation. In this briefing by CAN Europe, WWF, CEE Bankwatch and CounterBalance, current support to fossil fuel projects by the EFSI are summarized and recommendations to the legislative review of the EFSI are given.
In this letter CAN Europe, Transport & Environment, Seas at Risk, Carbon Market Watch and the Aviation Environment Federation urge the European Commission to ensure the aviation and maritime sectors reduce emissions in line with the temperature goals of the Paris Agreement.
This letter, signed by 39 organisations, was sent to the World Bank in relation to the board discussion on a loan to the Turkish company Botas for the construction of the Trans-Anatolian Gas Pipeline (TANAP). In the letter, several social, environemntal and human rights issues with the TANAP are raised, and the organisations urge the board to at the very least postpone this discussion until the martial law inTurkey is cancelled; the NGO legislation in Azerbaijan is modified as requested by the EITI; and democratic participation in both countries is restored. Clearly, given the violations of World Bank Safeguard requirements during project appraisal, this project should not qualify for a Board vote.
The European Investment Bank developed its methodology for calculating greenhouse gas emissions in 2012, and is now considering its further review. In this briefing CAN Europe together with CEE Bankwatch, WWF, Friends of the Earth Europe and Counterbalance review the existing carbon footprint methodology and provide recommendations for its further review.