This is the mid-term review report of the European Investment Bank’s 2019 Energy Lending Policy. With its ambitious Energy Lending Policy (ELP), the EIB has decided to phase out the financing of unabated fossil fuel energy projects and focus its support on energy efficiency, decarbonising energy supply, supporting innovation and energy infrastructures. The review finds that the Bank has followed the priorities set by the policy and that this policy remains fully valid.

EIB energy lending increased significantly from €11.6 billion in 2020 to €19.4 billion in 2022, supporting energy efficiency and renewable energy, energy innovation, storage and backing for new energy network infrastructure.

This is the mid-term review report of the European Investment Bank’s 2019 Energy Lending Policy. With its ambitious Energy Lending Policy (ELP), the EIB has decided to phase out the financing of unabated fossil fuel energy projects and focus its support on energy efficiency, decarbonising energy supply, supporting innovation and energy infrastructures. The review finds that the Bank has followed the priorities set by the policy and that this policy remains fully valid.

EIB energy lending increased significantly from €11.6 billion in 2020 to €19.4 billion in 2022, supporting energy efficiency and renewable energy, energy innovation, storage and backing for new energy network infrastructure.