When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year -- like the one in Kosovo -- there's one word that should be seared into their memories: Sostanj.
The scandal-marred lignite plant TES 6 at Sostanj in Slovenia will likely cost 1.44 billion euros (2 billion US), more than double than what was initially predicted, and is due to produce annual losses of 50 million euros, show calculations recently revealed by Slovenian media. These cost escalations, predicted by NGOs critical of the project, should constitute a word of caution for other countries in South-Eastern Europe that are considering building new coal capacities
The European Commission has repeatedly promised civil society that the TTIP negotiations with the US will not lead to a race to the bottom on environmental protection, health and safety standards and consumer rights. But as negotiations progress, civil society groups on both sides of the Atlantic are increasingly feeling uneasy, ten leading NGOs write in an open letter.
Plusieurs ONG ont dénoncé vendredi le financement de projets d’exploitation du charbon, source d’énergie la plus émettrice de gaz à effet de serre, en publiant un classement des banques ayant le plus soutenu ce type d’investissement depuis 2005.