Reference : Refining transparency and responsible investment?: The case of EIB and sustainable finance
E-prints/Working papers : Already available on another site
Law, criminology & political science : European & international law
Law / European Law
http://hdl.handle.net/10993/39931
Refining transparency and responsible investment?: The case of EIB and sustainable finance
English
Alexandraki, Chrysa mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Law Research Unit >]
18-Jul-2019
No
[en] sustainable finance ; Aarhus regulation ; responsible investing ; transparency ; Aarhus Convention ; European Investment Bank
[en] On 8 January 2019, an action was brought before the Court of Justice of the European Union (hereafter CJEU) by an environmental law charity, ClientEarth (hereafter applicant) against a multilateral development bank (hereafter MDB) and European institution, the European Investment Bank (hereafter EIB). The case concerns the financing by the bank of a biomass energy generating project in Northern Spain – Galicia -, of the cost of 60 million euros, followed by the bank’s refusal to refine its decision to finance the aforementioned investment, regardless the applicant’s request for an internal review of this decision on April 2018. The applicant bases the request for an internal review on alleged ‘errors in the assessment of the financing combined with the provision of minimal information regarding the funding decision’. The main claim brought by the applicant involves the annulment of EIB’s refusal to conduct an internal review and subject its decision to scrutiny, as requested under Article 10 of the Aarhus Regulation (hereafter Regulation), bringing into discussion implementation issues of both International and European law.
Researchers ; Professionals ; Students ; General public ; Others
http://hdl.handle.net/10993/39931
http://europeanlawblog.eu/2019/07/18/refining-transparency-and-responsible-investment-the-case-of-eib-and-sustainable-financerefining-transparency-and-responsible-investment-the-case-of-eib-and-sustainable-finance/
http://europeanlawblog.eu/2019/07/18/refining-transparency-and-responsible-investment-the-case-of-eib-and-sustainable-financerefining-transparency-and-responsible-investment-the-case-of-eib-and-sustainable-finance/

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