Οι επενδύσεις της Ευρωπαϊκής Τράπεζας Επενδύσεων στον τομέα της ενέργειας
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Keywords
Ενέργεια ; Ευρωπαϊκή Τράπεζα Επενδύσεων ; Ενεργειακές επενδύσεις ; Συμφωνία Παρισίων ; Κλιματική αλλαγή ; Κριτήρια επιλεξιμότηταςAbstract
The European Investment Bank (EIB) was established in 1957, with the establishment of the European Economic Community (EEC). Since its inception, EIB’s task is to contribute to a balanced and steady development of the internal market in the interest on the Union, by operating on a non- profit making basis, grant loans and give guarantees which facilitate the financing of projects in all sectors of the economy.
Studying the EIB finance the period between 1958 and 2004, and especially the nature of projects is observed that the lending policy is changing, depending on the time and the major European needs. The first phase, between 1958 and 1972, EIB functions predominantly as a bank to promote regional development in the poorest regions in the European Economic Community (EEC). The second phase, from 1973 till the middle of 1980s, EIB lending is closer aligned with the new political logics for energy independence and also acting as a “sweetener” for newly acceding Members States. Lastly, from the middle of the 1980s till 2004, the EIB was transformed into a “market maker” and its finance had become tightly linked to consolidating the Single Market, in the logic of privatization, deregulation and market liberalization.
After the Paris Agreement, EU continues to lead the word in tacking climate change. The EIB, as the EU Bank, is having to play a leading role in mobilizing the finance needed to achieve the European energy policy goals over the coming decades. Energy Projects are complex and have a high upfront investment cost.
Since November 2019, EIB has issued the “EIB Energy Lending Policy” which set out the eligibility criteria for energy investments, aligned with the EU Energy Policy. The Bank’s activities focus on four separate themes: energy efficiency, decarbonizing energy supply, supporting innovative technologies and new types of energy infrastructure and securing the enabling infrastructure.
In this way, the EIB is coming in a new phase, established as an “Energy Bank”.