With the final negotiations aimed at sealing agreement on the EU budget for 2014-20 now underway, environment NGOs are warning that a last minute amendment aimed at permitting EU subsidies for fossil fuels that are devastating for the climate must be rejected by negotiators of the future EU Cohesion Policy’s regional development funds.
Istanbul – With the 2013 EBRD annual meetings underway and in spite of repeated commitments to sustainability, the bank is set to continue financing coal projects that will dangerously aggravate climate change.
Kiev – Ukraine’s expansion of the lifetime of its old nuclear reactors is in breach of the UN Espoo Convention, ruled the body monitoring the implementation of this international agreement, because Kiev went ahead with the prolongation of the use of its old reactors without assessing the impact this may have on neighbouring countries.
The European Parliament yesterday blasted the European Bank for Reconstruction and Development (EBRD) for considering financing of the planned USD 2 billion Kosova e Re lignite power plant near Pristina.
Today, CEE Bankwatch Network is launching a compilation of position papers which describe in detail how environmental NGOs across Central and Eastern Europe see the contribution of the next EU Budget (post 2014) to overcoming Europe's high energy and material consumption and to protecting our nature.
The EU Resource Efficiency Flagship Initiative, the strategic framework setting out how the waste sector should look like in Europe by 2020, envisages that by the end of this decade waste in Europe will be managed as a resource we have to care for, hence landfilling has to be eliminated, incineration limited to non recyclable materials, and recycling turned into a truly economically viable option.
After the EIB and the EBRD disbursed a promised 650 million euros for Slovenian lignite plant TES 6 on March 8, Focus Slovenia, CEE Bankwatch Network, and 96 other NGOs are today sending a letter to the two banks calling on them to never commit to such a misguided loan again.
Kiev – The European Bank for Reconstruction and Development approved yesterday a 300 million euros loan for the so-called “Safety Upgrade Programme” of Ukraine. In reality, the beneficiary company, state-owned Energoatom, will use the money to prolong the lifetime of 12 old nuclear reactors.
Ljubljana – The European Investment Bank announced today  that it would pay the remaining EUR 440 million out of a EUR 550 million loan  for the construction of a new 600 megawatt lignite unit at Sostanj  in Slovenia, and that the European Bank for Reconstruction and Development would follow suite with its parallel EUR 100 million loan.
Climate activists take responsibility for fake press release, bizarre award ceremony
Brussels -- The European Investment Bank (EIB) president Werner Hoyer was forced to say this morning, during the EIB’s annual press conference, that an announcement that the bank would give up lending to coal was “pure nonsense”. And this, despite the fact that Hoyer repeatedly referred to the EIB as a frontrunner in the fight against climate change.