Juncker Investment Plan 2 and review of EU budget offer no progress towards Europe’s long-term climate goals

What should have been two significant contributions to Europe’s war chest in the fight against climate change will in fact leave the planet short-changed and open the door to even more polluting fossil fuel projects, argue campaigners at Bankwatch, Friends of the Earth Europe and Climate Action Network Europe. Today, the European Commission proposed a second iteration of the European Fund for Strategic Investment (the so-called ‘Junker Investment Plant’). It would extend its operations until 2020 – two and a half years beyond its initial term – and aim to leverage 500 billion euro in additional infrastructure investments across the EU. …..