The EU Commission is planning to overhaul the EU’s sustainable finance strategy to make it fit for backing the investment ambitions of the EU Green Deal. Energy Cities outlines how the renewed strategy should both tap into the full potential of sustainable finance, as well as empower local authorities to drive green investments.
Energy Cities has co-signed an open letter of the Fossil Free EIB Campaign, which calls on EIB president Werner Hoyer to double down on the EU’s bank commitment to divest from fossil fuels.
In view of the public consultation on the future energy lending policy of the European Investment Bank (EIB), Energy Cities shares its recommendations to ensure that the EIB divests from fossil fuels and invests instead in the Paris-proof energy transition.