Saturday 27 July 2013

European Investment Bank Cuts Lending to Fossil Plants, Supports Renewables

LONDON — The European Investment Bank (EIB), the world’s largest public financial institution, has announced that, effective immediately, it will no longer finance most coal-, lignite- and oil-fired power stations in an effort to help Europe meet its climate targets. The announcement...European, fossil, Investment, Lending, plants, Renewables, Supports

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