Unravelling the European Investment Bank’s pivot to a climate bank through its business model. Game change or name change?
The European Investment Bank (EIB) proclaimed its metamorphosis into a climate bank in 2019. As the financing body of the European Union, the political context surrounding the bank’s announcement has garnered significant academic interest. Despite its dual nature as both a Union body and a financial...
Kaydedildi:
| Yayımlandı: | URI:https://journals.openedition.org/irpp, |
|---|---|
| Yazar: | |
| Materyal Türü: | Article ou chapitre numérique |
| Dil: | Anglais |
| Baskı/Yayın Bilgisi: |
International Review of Public Policy
2026
|
| Konular: | |
| Online Erişim: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Özet: | The European Investment Bank (EIB) proclaimed its metamorphosis into a climate bank in 2019. As the financing body of the European Union, the political context surrounding the bank’s announcement has garnered significant academic interest. Despite its dual nature as both a Union body and a financial entity, the business rationale behind EIB’s shift has remained underexplored. To narrow this research gap, this paper addresses two research questions: Did business interests, in addition to political motivations, influence the EIB’s pivot to climate? And was this change truly transformational? Examining lending metrics and the business model, it argues that the rapid shift to climate, although not supported by prior strategy, provided the EIB with positioning and operational opportunities. The paper finds that the pivot, while rhetorically bold, entailed limited structural changes.JEL CLASSIFICATION: L20, L31, M10, G31, G21 |
|---|