Flattering to deceive: A reality check for the ‘EU Climate Bank’
The European Investment Bank (EIB) is the European Union’s investment bank and its financial arm. It has been seeking to position itself as a climate leader and is set to play a key role in financing the European Green Deal and in the EU’s economic response to the COVID-19 crisis. Its macroeconomic firepower is bigger than ever. The EIB Group signed operations worth €95 billion in 2021, the highest volume of transactions it has ever financed.