The EIB Lent €7 Billion to Dirty Transport Projects — Analysis - CleanTechnica

The European Investment Bank (EIB), despite branding itself as the ‘EU climate bank’ since 2021, lent over €7 billion between 2021 and 2024 to transport projects that increase CO2 emissions, according to analysis by the green group Transport & Environment (T&E). Notably, €6.1 billion was allocated to new road construction, including a €200 million motorway project in Poland that cuts through protected nature areas and is expected to emit over 3,000 tonnes of CO2-equivalent. The EIB controversially counted this motorway project as part of its climate spending, citing improved climate resilience. Additionally, the bank lent nearly €890 million for airport expansions, including €90 million to Bologna Airport and €800 million to the Spanish airport operator Aena, which plans to expand multiple airports, contradicting the bank’s own environmental rules and undermining efforts to reduce aviation emissions. The EIB also financed biofuel projects with questionable sustainability, lending about €1 billion