Alexandra Gerasimcikova works as a project manager on energy, trade, and climate at the Brussels office of the Rosa Luxemburg Foundation.
The European Investment Bank has an over half-trillion-euro balance sheet — and real power to invest in the green transition. But far from pursuing its public mandate, it’s devoting public resources to propping up the continent’s largest companies.
Responding to the Inflation Reduction Act, the EU has unveiled its own green industrial plan. It has little to do with real decarbonization — but hands public money to big business, fueling a global race among “clean-tech” oligopolies.