Public consultation on EIB's Energy Lending Criteria

Overview

In October 2012, the European Investment Bank (EIB) launched a public consultation as part of a review of its lending to the energy sector and in light of the market and EU policy developments that have occurred in recent years.

As a result of this review, a revised set of EIB criteria for energy projects (EIB and Energy: Delivering Growth, Security and Sustainability - EIB’s Screening and Assessment Criteria for Energy Projects, Methodology Emission Performance Standard) was adopted by the EIB’s Board of Directors on 23rd July 2013.

The EIB’s support to the energy sector is based on relevant EU sector policies. These policies are translated into specific project screening and assessment criteria that apply for EIB financing operations in the energy sector. Since it appeared during the consultation that a number of stakeholders often ascribe a policy setting competence to the EIB, and in order to better reflect the EIB’s role and competences, it was decided to change the name of the revised criteria to “EIB and Energy: Delivering growth and sustainability: EIB’s screening and assessment criteria for Energy Projects” (in short; the Energy Lending Criteria, instead of Energy Lending Policy). This does not imply any change in the nature or extent of the Bank’s role in financing projects in this sector.

All relevant documentation relating to this consultation is available upon request.