28 September 2017

Despite multiple climate action commitments the EU budget and European public banks continue to finance fossil fuel production and consumption across the EU and internationally.

This study shows the scale of the problem with the EU providing an annual average of €4bn in fossil fuel subsidies through its budget, development and investment banks and funds. The growing support for gas, and the continued provision of support for coal-fired power, are particularly concerning. 

28 September 2016

The European Fund for Strategic Investments was established in 2015 to power-charge post-crisis Europe and provide a much-needed impulse for de-carbonising its economies. Yet, during its first year, the fund leveraged EUR 1.5 billion for fossil fuel infrastructure, and 68% of transport investment is destined for carbon-intensive projects. This report shows why the Investment Plan for Europe does not drive the sustainable energy transition.

All reports & publications for this issue