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- W279369914 abstract "• Prioritise renewables in development policies. The European development co-operation, the European Investment Bank and national Export Credit Agencies must no longer fund the expansion of fossil and nuclear fuels. Instead, they should focus their lending strategies on sustainable energy projects, by adopting ambitious portfolio standards for energy efficiency and new renewables. This should be coupled by additional human and administrative capacity to meet the needs of the sustainable energy industry. • Support the World Bank's Extractive Industries Review. This timely and very opportune process has concluded with the recommendation that the World Bank (WB) should continue its moratorium in funding coal and phase out funding for oil by 2008. This would be coupled with a rapid phase in of renewable energies and energy efficiency. This process is now under discussion within the WB. We believe that if the EU is serious about climate change and sustainable development, it must require an urgent shift of the Bank's financing to sustainable energy, and use its voting rights within the Institution to make it an official WB policy." @default.
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- W279369914 date "2010-01-01" @default.
- W279369914 modified "2023-09-27" @default.
- W279369914 title "energy demand, the EU must urgently update its 2010 target, as already done nationally by some Member States, such as the UK and Germany." @default.
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