Institute’s submission to EIB’s public consultation on its energy lending policy
26th April 2019
The Global CCS Institute submitted a response to the European Investment Bank's Public Consultation for the review of its Energy Lending Policy. The aim of the consultation is to ensure that the Bank continues to effectively support EU energy policy and long-term climate and energy targets.
In light of the consultation, the Institute strongly supports that EIB’s Energy Lending Policy should:
- Cease support of unabated fossil fuel sources of emissions
- Embrace a technology neutral approach and support clean energy investments in technologies such as carbon capture and storage and relevant infrastructure
- Support the innovation - that is bringing a technology ready for commercial deployment - of carbon capture and storage technologies through de-risking projects and explore opportunities to collaborate with other policy instruments like the Innovation Fund
- Continue to support research and development into new carbon capture and storage technologies
Read the Institute's full response to the public consultation here.
More information about the public consultation here.