Guest essay by Eric Worrall
Why does the EU want to loan €1.5 billion for a new gas pipeline, when they should be topping up the utterly inadequate global investment of US $300 billion / year for the last four years into renewables?
The EU wants to fight climate change – so why is it spending billions on a gas pipeline?
February 10, 2018 4.03am AEDT
Professor & Director, Global Sustainability Institute, Anglia Ruskin University
Over the past few years there has been exponential growth in clean energy investment – while fossil fuel assets are increasingly considered to be risky. Yet, on February 6, the European Investment Bank, the EU’s long-term lending institution, voted to provide a €1.5 billion loan to the controversial Trans Adriatic Pipeline…
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