El Banco Europeo de Inversiones y el medio ambiente

The document examines the EIB's environmental framework, highlighting contradictions where the bank claims to support EU climate goals while continuing to fund fossil fuels and aviation. It details the EIB's 2002 and 2004 environmental statements, its internal organizational structure for environmental assessment, and a series of reform demands from NGOs to increase transparency and accountability.

• The EIB's environmental policies are often ignored in practice; specifically, the bank continues to fund large-scale fossil fuel projects and controversial greenhouse gas sequestration through 'sustainable forest development' despite claiming to support EU climate policies.
• The EIB is a major financier of the aviation industry, providing over 2 billion euros annually, which contradicts its own sustainable development and climate change policies.
• The EIB has set specific environmental financing targets: environmental loans within the EU should represent 30-35% of total EU loans, and renewable energy loans should account for up to 50% of new electricity generation capacity financing in the EU by 2008.
• The EIB's environmental assessment process relies heavily on the project promoter, and the bank lacks sufficient internal environmental expertise to fulfill its commitments.
• The EIB created three internal bodies in 2002 to improve environmental performance: the ENVSC (inter-departmental committee), ENVAG (expert group for evaluation), and ENVU (Environmental Unit), though NGOs argue these have not yet provided significant value or new capacity.
• The EIB's information disclosure policy is criticized by NGOs for containing 'escape clauses' that prevent the timely provision of project information to affected communities.

APA

Friends of the Earth International (2003). El Banco Europeo de Inversiones y el medio ambiente. https://www.foei.org/wp-content/uploads/2020/12/EIB_fact_sheet_4SPapril.pdf

Chicago

Friends of the Earth International. El Banco Europeo de Inversiones y el medio ambiente. 2003. https://www.foei.org/wp-content/uploads/2020/12/EIB_fact_sheet_4SPapril.pdf.

Wikipedia

{{cite report |author=Friends of the Earth International |title=El Banco Europeo de Inversiones y el medio ambiente |date=2003 |url=https://www.foei.org/wp-content/uploads/2020/12/EIB_fact_sheet_4SPapril.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{friendsoftheearthinternational2003banco, author = {{Friends of the Earth International}}, title = {{El Banco Europeo de Inversiones y el medio ambiente}}, institution = {Friends of the Earth International}, year = {2003}, url = {https://www.foei.org/wp-content/uploads/2020/12/EIB_fact_sheet_4SPapril.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }