European Investment Bank (EIB) may ban cash…

European Investment Bank (EIB) may ban cash for airport expansion or conventionally‐fuelled aircraft
2020-11-11 18:55:00
The European Investment Bank (EIB) could withdraw support for new airports, according to a draft climate roadmap seen by EURACTIV.  However, the bank is set to keep funding motorways, as well as approving investments under the old rules until 2022. According to the EIB’s leadership and European Commission President Ursula von der Leyen, the bank should become “the EU’s climate bank” and a new strategy seeks to align the lender’s investment planning with the Paris Agreement by the end of 2020. It aims to stop lending to fossil fuel companies, and instead lend to renewable energy and other low-carbon projects. Half of the bank’s lending will be for climate projects by 2025 but the other 50% will need to be “Paris-proofed”.  On 11 November, its directors will consider adopting the new climate plan.  An EIB draft says “support will be withdrawn from airport capacity expansion and conventionally‐fuelled aircraft”; this is something that has been requested by civil society groups. They might instead invest in improving the efficiency and environmental footprints of existing airports. Over the last 3 years, €4 billion was invested in airports. .Tweet     EU bank mulls ban on cash for airport expansions By Sam Morgan | EURACTIV.com 5 Nov 2020 The European Investment Bank (EIB) could withdraw support for new airports, according to a draft climate roadmap seen by EURACTIV. However, the bank is set to keep funding motorways, as well as approving investments under the old rules until 2022. According to the EIB’s leadership and European Commission President Ursula von der Leyen, the bank should become “the EU’s climate bank” and a new strategy seeks to align the lender’s investment planning with the Paris Agreement by the end of 2020. That process began

READ MORE

Leave a Reply

Keeping ahead of COVID-19

This rapidly evolving corona virus (COVID-19) has imposed an unsettling situation upon our community and its businesses. While we are maintaining to operate a "business as usual" approach, we are taking a number of changes to help protect both you as customers and us as drivers during these difficult times.

All of our vehicles are sanitised before and after each journey / dividing screens fitted to separate the rear of the vehicle.

We also offer delivery services for local businesses to help get essential items to local customers as well as across the UK.

More Info on Delivery Services