Lost in transportation: the European Investment Bank's bias towards road and air transport
This report discusses the European Investment Bank's (EIB) transport related operations. This new report reveals that the vast sums invested by the EIB on the transport sector in the last decade have not helped to deliver the EU White Paper on Transport's goals of modal shift and decoupling of transport from growth, nor have they contributed to the halting of climate change. On the contrary, with its ongoing heavy investments in aviation, new roads and car manufacturing the EIB is supporting the status quo by increasing environmentally unfriendly transport modes and is fueling rather than cooling climate change. As an EU institution with huge financial potential the EIB could be a key source supporting true environmental revolution in European transport development. With the simple ability to accept or reject a project that comes before it, the EIB has hugely significant power to define the economic, environmental and social landscape across Europe and elsewhere. Yet, as this report shows, this power is currently confined to responding to its clients' demands rather than to the long term challenges facing Europe and the rest of the world.
- Record URL:
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Authors:
- Gallop, P
- Publication Date: 2007-3
Language
- English
Media Info
- Pagination: 62p
Subject/Index Terms
- TRT Terms: Air transportation; Economic development; Economics; Highway transportation; Investments; Policy
- Uncontrolled Terms: Transport management and Security
- Geographic Terms: Europe
- ATRI Terms: Air transport; Economic development; Investment; Policy; Road transport; Sustainability; Transport economics
- Subject Areas: Aviation; Economics; Policy;
Filing Info
- Accession Number: 01386686
- Record Type: Publication
- Source Agency: ARRB
- Files: ATRI
- Created Date: Aug 22 2012 9:39PM