Politics
EIB to provide $110 million to finance energy efficiency and renewable energy investments
- $110 million loan to Banco del Estado de Chile to finance energy efficiency and renewable energy investments for small and medium businesses and industries among others, including the value chain companies for critical raw materials in the country.
Today the European Investment Bank (EIB) and Banco del Estado de Chile signed in Santiago de Chile a $110 million loan to finance energy efficiency and renewable energy investments for small and medium businesses and industries among others, including the value chain companies for critical raw materials in the country. The operation is in line with the EU Global Gateway Investment Agenda in Chile and fosters partnerships to develop sustainable local value chains in the critical raw materials segment.
The loan was signed by Daniel Hojman, President of Banco del Estado de Chile, and by Thouraya Triki, EIB Director of the International Partners Department, in the presence of the European Commissioner for International Partnership Jozef Sikela.
The project, 100% climate action, supports Chile’s transition to a decarbonised, environmentally friendly, and inclusive economy, reinforcing the country’s efforts to enhance renewable energy and energy efficiency measures. Mining companies or companies providing services to the critical raw materials sector, and implementing energy efficiency and renewable energy sub-projects, can also be targeted as final beneficiaries, thus supporting the decarbonisation of the critical raw materials supply chain, which is needed to ensure a clean energy transition in the country.
“This $110 million financing agreement between the European Investment Bank and Banco del Estado de Chile is a relevant contribution towards a cleaner and more efficient energy future. We are investing in renewable energy and energy efficiency, especially for small and medium businesses, thereby strengthening the decarbonisation of the Chilean economy. This initiative reflects our shared commitment to climate action. Through the Global Gateway Investment Agenda, Chile and the European Union are strengthening our collaboration, ensuring that economic growth and environmental protection go hand in hand,” said Jozef Sikela, European Commissioner for International Partnership.
“This agreement between BancoEstado and the European Investment Bank strengthens the cooperation between our two financial institutions, with the aim of accelerating the adoption of green energy. This complements our previous partnership, which sought to improve the financial access conditions for housing with enhanced energy efficiency standards. Sustainability is an integral part of our identity as a public bank, and green financing is one of our strategic pillars, in line with supporting Chile’s transition towards an economy committed to climate action and environmental conservation,” said Daniel Hojman, President of Banco del Estado de Chile.
“The $110 million EIB financing in energy efficiency and renewable energy generation supports Chile’s green transition and the EU’s Global Gateway Investment Agenda in Chile while strengthening energy security in the years ahead. This operation contributes significantly to decarbonise the energy supply in the country and unlocks energy efficiency potential in small and medium businesses and industry, including in the critical raw materials sector. This cooperation with Banco del Estado de Chile builds on the EIB’s global climate engagement and our support for climate action in Chile over the last three decades,” said Ioannis Tsakiris, Vice-President of the European Investment Bank.
The operation is part of the European Union’s Global Gateway Investment Agenda (GGIA) supporting projects that improve global and regional connectivity in the digital, climate, transport, health, energy and education sectors. The Global Gateway is the European Union’s contribution to narrowing the global investment gap worldwide. Between 2021 and 2027, the European Union expects to mobilise up to €300 billion of investments for sustainable and high-quality projects, taking into account the needs of partner countries and ensuring lasting benefits for local communities.
Background information
About EIB Global
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. It finances investments that pursue EU policy objectives.
EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through its offices across the world. Photos of EIB headquarters for media use are available here.
High-quality, up-to-date photos of our headquarters for media use are available here.
About EIB Global in Chile
The EIB is the largest multilateral public bank in the world. In 2024 it financed around €8.4 billion in investments outside the European Union via EIB Global, the arm of the EIB created in 2022 for activities beyond Europe. Since the EIB started working in Chile in 1994, it has provided over €942 million to finance investments on favourable conditions — in terms of both maturity and interest rates — with the aim of improving Chileans’ quality of life.
About EIB Global in Latin America
EIB Global has been providing economic support for projects in Latin America since 2022, facilitating long-term investment with favourable conditions and offering the technical support needed to ensure that these projects deliver positive social, economic and environmental results. Since the EIB began operating in Latin America in 1993, it has provided total financing of around €14.9 billion to support more than 170 projects in 15 countries in the region.
About the Global Gateway Investment Agenda
EIB Global is a key partner in the implementation of the European Union’s Global Gateway Investment Agenda (GGIA), supporting sound projects that improve global and regional connectivity in the digital, climate, transport, health, energy and education sectors. Investing in connectivity is at the very heart of what EIB Global does, building on the Bank’s 65 years of experience in this domain. Alongside our partners, fellow EU institutions and Member States, we aim to support investment of €100 billion (around one-third of the overall budget of the initiative) by the end of 2027, including in Chile and Latin America.
Politics
EU Parliament Tackles Steel Industry, Fundamental Rights, and Budget Priorities in Plenary Session

Strasbourg, 2 April 2025 – The European Parliament convenes today for a busy plenary session, addressing critical issues ranging from the future of the EU’s steel industry to threats to fundamental rights in Hungary, alongside votes on the bloc’s 2026 budget priorities. With debates spanning energy-intensive industries, security, and human rights, MEPs engaged with key EU figures, including Commission Executive Vice-Presidents and Polish Minister for EU Affairs Adam Szłapka, who represented the rotating EU Council presidency.
Steel and Energy-Intensive Industries Take Center Stage
The day kicked off at 9:00 with a debate on a new action plan aimed at ensuring a competitive and decarbonized steel and metals industry in Europe. MEPs, joined by Commission Executive Vice-President Stéphane Séjourné and Minister Szłapka, discussed strategies to bolster the sector amid global competition and the EU’s ambitious climate goals. Baptiste Chatain, spokesperson for the EP’s Industry Committee, emphasized the importance of balancing economic viability with sustainability, noting that a resolution on the plan will be voted on Thursday.
From 10:30, the focus shifted to the broader landscape of energy-intensive industries. Vice-President Séjourné outlined the Commission’s approach to supporting these sectors, which are pivotal to the EU’s economic backbone but face mounting pressure to adapt to green policies. The discussions underscored the delicate interplay between industrial competitiveness and the bloc’s net-zero ambitions.
Hungary’s Fundamental Rights Under Scrutiny
At around 15:00, attention turned to Hungary, where recent legislative changes have raised alarm bells over their impact on fundamental rights. MEPs debated the issue with Commissioner Conor McGrath and Minister Szłapka, focusing on concerns about democratic backsliding, media freedom, and judicial independence. Kyriakos Klosidis, spokesperson for the EP’s Institutional Affairs team, highlighted the session as a critical moment to assess Hungary’s compliance with EU values, with outcomes likely to influence future relations between Budapest and Brussels.
Budget Priorities for 2026: Security and Sustainability
At noon, MEPs voted on their priorities for the 2026 EU budget, a draft text that emphasizes strengthening security and defense capabilities, economic resilience, and climate action. The resolution also calls for reinforcing the single market to boost competitiveness. Rapporteur Eszter Zalán, who will address the press at 14:00, stressed the need for a budget that reflects the EU’s evolving challenges, particularly in light of geopolitical tensions and environmental imperatives.
Security, Social Europe, and Cyprus
The afternoon featured a debate at 16:00 on military mobility, with MEPs assessing the role of cross-border transport infrastructure in bolstering Europe’s security. Commissioner Margaritis Tzitzikostas and Minister Szłapka joined the discussion, framed by Russia’s ongoing war in Ukraine, which has heightened the urgency of such investments.
Earlier, at 13:00, a debate on the cost-of-living crisis saw MEPs, Vice-President Roxana Mînzatu, and Szłapka explore ways to safeguard jobs, wages, and healthcare amid economic strain. Meanwhile, at 11:50, EP President Roberta Metsola delivered a statement on UN-led efforts to resolve the Cyprus problem, followed by remarks from political group leaders, signaling continued EU support for a negotiated settlement.
Roma Rights and Global Human Rights
From 18:00, MEPs and Commissioner Hadja Lahbib tackled discrimination against Roma communities, discussing strategies to protect their rights and integrate them into the EU’s social fabric. Later, the evening session shifted to urgent human rights concerns, with debates on the prosecution of journalists in Cameroon, Iran’s execution spree, and repression under Belarusian leader Alexander Lukashenka. Resolutions on these issues will be voted on Thursday.
Additional Votes and Closing Notes
The midday voting session also covered the EU’s foreign and security policies for 2024, human rights globally, and a fisheries agreement with Guinea-Bissau, among other topics. Live coverage of the plenary is available on Parliament’s webstreaming platform and EbS+, offering a window into the EU’s legislative pulse.
As the session unfolds, the European Parliament continues to navigate a complex landscape of industrial transformation, democratic integrity, and global responsibility, setting the stage for pivotal decisions in the days ahead. For more details, the EP’s newsletter and plenary resources provide comprehensive insights into this dynamic agenda.
Politics
EU Stands Firm on Human Rights Amid Global Challenges, Kallas Tells European Parliament

Strasbourg, April 1, 2025 – In a powerful address to the European Parliament plenary session on the 2024 Annual Report on Human Rights and Democracy in the World, High Representative and Vice-President Kaja Kallas underscored the European Union’s unwavering commitment to defending human rights and democracy amid a turbulent global landscape. Delivered on April 1, 2025, in Strasbourg, the speech highlighted both the mounting threats to the rules-based international order and the EU’s proactive efforts to counter them.
Kallas opened her remarks by thanking Rapporteur Isabel Wiseler Lima and other contributors to the Parliament’s report, before drawing on her recent address to the United Nations Security Council. She emphasized that the principles enshrined in the UN Charter—peace, prosperity, human rights, dignity, and development—are under unprecedented strain. “Eighty years on, we see these principles under heavy fire,” she said, pointing to violations of international law, democratic backsliding, and assaults on gender equality and media freedom.
The High Representative singled out Russia’s ongoing war against Ukraine as a stark example of this erosion, calling it “a direct challenge to the rules-based international order and an assault on sovereignty.” She also referenced the conflict between Israel and Gaza as a sobering reminder of the fragility of human rights in wartime. Closer to home, she noted the growing threat posed by authoritarian regimes, a concern echoed in the Parliament’s 2024 report.
Yet, amid these challenges, Kallas struck a note of cautious optimism. She cited the fall of the Assad regime in Syria in December 2024 as a historic turning point, ending 54 years of dictatorship. “There is hope, nonetheless,” she said, stressing that the EU must work to ensure the rights of all Syrians are protected during the country’s fragile transition.
A Steadfast Partner in Turbulent Times
Kallas outlined the EU’s robust response to global human rights crises, positioning the bloc as a reliable and predictable partner. In 2024 alone, the EU supported over 10,000 high-risk human rights defenders, adding to a total of 80,000 individuals aided since 2015. Just two weeks prior to her speech, the EU adopted a €349 million funding package to bolster human rights and democracy initiatives worldwide through 2027. This commitment, she said, extends to countering pushback against gender equality and the rights of women, girls, and LGBTIQ+ individuals.
The EU’s support for the United Nations human rights framework also took center stage. Kallas reaffirmed the bloc’s advocacy for the UN High Commissioner for Human Rights and its push for accountability through mechanisms like the International Criminal Court (ICC). “Respect for international humanitarian law by state and non-state actors, and accountability for violations committed, are the cornerstone for peace and security,” she declared. She revealed that she met with the ICC President in March 2025 to reinforce the EU’s backing, amid discussions on enhancing financial and diplomatic support for the Court.
The EU Global Human Rights Sanctions Regime, established in 2020, has proven a vital tool, with swift measures imposed in 2024 targeting human rights abusers in Russia, the Middle East, and North Korea. “This demonstrates our determination to strengthen our role in addressing serious human rights violations and abuses worldwide,” Kallas said.
Democracy in Action
Reflecting on 2024 as a “super election year,” with over 75 countries holding elections, Kallas praised the role of EU Election Observation Missions in safeguarding electoral integrity and democratic governance. She pledged continued support for parliaments, independent media, and democratic actors operating in hostile environments, promising close collaboration with the European Parliament in these efforts.
In her closing remarks, Kallas framed the defense of human rights as inseparable from the pursuit of peace. “Peace is not simply the absence of war; it is active cultivation of justice,” she said, emphasizing that human dignity and rights are foundational to lasting stability. She called on the EU to leverage its values as a strategic asset, fostering partnerships with third countries based on sustainable progress and mutual benefit.
A Call to Unity
Kallas concluded with a rallying cry for unity, urging the Parliament to stand firm against the erosion of the EU’s core principles. “The European Union is founded on peace, democracy, and unity,” she said. “We must make very clear that we will not tolerate the erosion of these rights and freedoms that really define us.”
As the High Representative prepares to release her own 2024 human rights and democracy report, her speech served as both a sobering assessment of global challenges and a resolute affirmation of the EU’s leadership in confronting them. With the European Parliament as a key ally, Kallas signaled that the bloc’s commitment to human rights remains a cornerstone of its identity—and its future.
Politics
Political Turmoil Spans Continents: Dutch “Ribbons Debacle” and Trump’s Third-Term Ambitions

April 1, 2025 – From The Hague to Washington, D.C., political storms are brewing, shaking the foundations of governance on both sides of the Atlantic. In the Netherlands, a seemingly trivial dispute over ribbons has escalated into a full-blown confrontation between the Tweede Kamer and PVV Minister Marjolein Faber, threatening her tenure. Meanwhile, in the United States, former and current President Donald Trump has reignited constitutional debates by musing about a third term, while his administration purges career prosecutors perceived as disloyal.
The Netherlands: Ribbons Ignite a Firestorm
In The Hague, what began as a minor disagreement has spiraled into a high-stakes showdown. Minister Marjolein Faber, a prominent figure in the far-right Party for Freedom (PVV), finds herself at the center of controversy dubbed the “ribbons debacle.” Though details remain murky, the dispute reportedly stems from Faber’s decision to mandate—or perhaps ban—certain symbolic ribbons in official settings, a move critics in the Tweede Kamer, the Dutch House of Representatives, have branded as authoritarian overreach.
The clash has exposed deeper tensions between Faber’s hardline policies and the coalition government’s fragile unity. Opposition lawmakers accuse her of leveraging her position to push a divisive ideological agenda, while her supporters argue she’s defending national values against progressive excess. By Tuesday morning, the rhetoric had escalated to the point of action: a no-confidence motion against Faber was formally tabled, setting the stage for a contentious vote that could topple her from office.
“This isn’t just about ribbons—it’s about power, principle, and the direction of this country,” said one MP, speaking anonymously ahead of the debate. Political analysts suggest that even if Faber survives the motion, the episode could weaken the PVV’s influence within the coalition, with ripple effects for upcoming policy battles.
United States: Trump’s Third-Term Trial Balloon
Across the ocean, Donald Trump continues to dominate headlines with a provocative suggestion that has constitutional scholars scrambling for their textbooks. Speaking at a rally in Ohio on Monday night, the recently re-elected president floated the idea of seeking a third term, a notion that would defy the 22nd Amendment, which limits U.S. presidents to two terms. “I’ve done so much—maybe we need more time to finish the job,” Trump quipped to a roaring crowd, leaving it unclear whether he was serious or merely stoking his base.
The remark has reignited a perennial debate about executive power in America. Legal experts are divided: some argue the Constitution’s text is ironclad, while others point to historical precedents of bending norms—like Franklin Roosevelt’s four terms before the amendment’s ratification in 1951. Trump’s allies in Congress have already begun testing the waters, with one House Republican suggesting a repeal of the 22nd Amendment might be “worth discussing.”
Critics, however, see the comment as part of a broader pattern of norm-breaking. “This is a dangerous flirtation with autocracy,” warned Senator Elizabeth Warren (D-MA) in a statement Tuesday. Public reaction is similarly polarized, with social media ablaze over whether Trump’s musings are a masterstroke of political theater or a genuine threat to democracy.
Loyalty Purge at Justice
Adding fuel to the fire, the Trump administration announced the dismissal of several career Justice Department prosecutors this week, a move insiders say reflects a loyalty test gone nuclear. The fired officials, some with decades of service, were reportedly seen as insufficiently aligned with Trump’s agenda, particularly his calls to investigate political rivals. Attorney General nominee Mike Davis defended the decision, stating, “The president needs a team he can trust to drain the swamp.”
The purge has drawn sharp rebukes from legal circles and former DOJ officials, who warn it undermines the department’s independence. “This isn’t about loyalty—it’s about turning justice into a political weapon,” said Preet Bharara, a former U.S. Attorney ousted by Trump in 2017. Democrats in Congress are now vowing to investigate, though their leverage in a Republican-controlled Senate remains limited.
A Tale of Two Crises
While the Dutch “ribbons debacle” and Trump’s third-term gambit differ in scale and stakes, they share a common thread: the erosion of political norms under pressure from populist figures. In The Hague, Faber’s fate hangs in the balance as lawmakers weigh ideology against stability. In Washington, Trump’s provocations test the resilience of a constitutional framework already strained by years of partisan warfare.
As debates rage in both capitals, the coming days promise more drama. Will Faber weather the no-confidence storm? Can Trump’s third-term rhetoric translate into action? For now, the world watches as these parallel sagas unfold, each a microcosm of the turbulent politics defining 2025.
-
Politics7 days ago
Getting EU ready to prevent and respond to crises
-
EU & the World7 days ago
Could Litia Garr Be the Next Bachelorette? Update After Grant Ellis Breakup
-
EU & the World6 days ago
Innam Dustgir’s Approach to Public Relations
-
Politics7 days ago
Kaja Kallas Stresses EU’s Role in Israel-Palestine Crisis During Visit to Tel Aviv
-
Politics7 days ago
Survey confirms Europe’s citizens want the EU to protect them and act in unity | News
-
EU & the World7 days ago
Who Is Tulsi Gabbard? 5 Things to Know About the Director of National Intelligence
-
EU & the World7 days ago
Lady Gaga’s Mayhem Tour: Dates, Cities & Ticket Prices
-
Travel7 days ago
Cyprus is funding desalination plants for hotels to tackle tourism’s water shortage woes