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Reports & Briefings

Report: Juncker Plan backs billions in fossil fuels and carbon-heavy infrastructure

The European Union is set to continue a funding tool that in last two years has lent billions of euros for fossil fuels projects, finds a new study from CEE Bankwatch Network, CAN Europe, Counter Balance and WWF European Policy Office.

Established in 2015 to leverage private capital with money from the EU budget to guarantee risky loans by the European Investment Bank (EIB), the European Fund for Strategic Investment – also known as the ‘Juncker Plan’ – has since then doled out EUR 1.85 billion for fossil energy, almost 30 percent of its energy loans, and is increasingly funding carbon-intensive transport like motorways and airports, which have received EUR 2.5 billion since the fund’s inception.

Read the full report pdf here (615 KB).

Latest Publications

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    Ahead of Foreign Affairs Council on 16 May, Climate Action Network (CAN) Europe, Oxfam EU, ACT Alliance EU, Conservation International and Wetlands International write to EU ministers to highlight how the Neighbourhood, Development and International Cooperation Instrument (NDICI) can support developing countries to scale up climate and environmental action and support biodiversity, fostering sustainable development.
See All: Climate & Energy Targets