New report from EEC Bankwatch
“In contrast to EU policy, which identifies landfill and incineration as the least favourable waste management methods, there is a massive imbalance in the European Invest Bank’s (EIB’s) waste treatment investments: out of 33 waste projects approved by the EIB between 2000-2006, 22 include incineration.
“Only two projects appear to have involved sorting waste for recycling and one involved composting. One, in Cornwall, England, includes landfill. The EIB is also considering financing for further incineration projects such as the controversial Zagreb incinerator.
“The EIB, through its financial support for incineration, is condoning inaction by decision-makers on further developing waste prevention, reuse and recycling policies. It is therefore crucial that the EIB develops a policy for financing waste prevention and waste management which reflects EU policy and privileges prevention, reuse and recycling instead of incineration.”
For more information on how the European Investment Bank is financing the incineration industry, read the full CEE Bankwatch report, entitled Fuelling the Fire available from http://www.bankwatch.org/documents/fuelling_the_fire.pdf
