Answer given by Mr Oettinger on behalf of the Commission

23.5.2013

The Commission would refer the Honourable Member to its answer to Written Question E-000366/2013 by Mr Belet.

The EIB's lending policy in the energy industry, which is currently under revision, focuses on supplying customers with competitive, sustainable and secure energy.

The EIB's activity is aligned to the EU's energy and climate policy priorities, notably the EIB includes carbon pricing in economic appraisal of projects with a shadow price of EUR 30 per tCO2 emitted today to EUR 50 per tCO2 by 2030 under a central scenario.

In summer 2013, following a public consultation, the EIB is expected to issue a reviewed energy lending policy. The Commission is currently cooperating with the EIB, including through its representative on the EIB Board of Directors, to ensure that the future lending policy reflects the EU energy policy priorities. These have been identified inter alia in the Europe 2020 strategy, the Energy Infrastructure Package, the Energy 2050 Roadmap — in particular the ‘no regrets’ solutions (infrastructure, efficiency as well as renewables, phasing out of harmful fossil fuels subsidies) — and the recently adopted Green Paper on a framework 2030 for climate and energy policies.

OJ C 12 E, 16/01/2014