Gas Is Good But Not Good Enough Says European Investment Bank
GreenTechMedia
NOVEMBER 15, 2019
The European Investment Bank (EIB) will stop backing fossil fuel energy projects in 2021, except those using carbon capture and storage (CCS) technology or offsets to cancel out their emissions. The focus of the bank’s energy investment will turn from (unabated) fossil fuels to energy efficiency, storage, grid improvements and e-mobility among others.
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