As we mark the 60th anniversary of the Treaty of Rome, we have a momentous opportunity to take stock of how far Europe has come – and how far we still have to go in order to offer a sustainable and prosperous future to everyone in Europe. It is an opportunity that we call on you, the leaders of Europe, to seize with both hands. We call on you to show leadership, vision and courage to set Europe on the path to a sustainable future which realises the rights of all people and respects planetary boundaries.
This report analyses projects approved by the European Fund for Strategic Investments (EFSI) in its first year of operation. The fund should catalyse €315 billion in new investment, and play an important role in the fight against climate change. However, as the analysis finds, during the EFSI's first year an additional €1.5 billion was earmarked for fossil fuel infrastructure, and 68% of transport investment is destined for carbon-intensive projects.
This report published by Bankwatch and Friends of the Earth Europe shows how bad spending plans and a lack of climate commitments from nine central and eastern European governments is hampering Europe’s transition away from fossil fuels.
The research reveals that in CEE countries only 7 per cent of the 178 billion euros in European Regional Development and Cohesion Funds will be invested into renewables, energy efficiency and smart grids, and that the integration of climate considerations into all plans and projects – as required under EU law – remains superficial.
A barely eight kilometre long section of an express road in central Poland is becoming another battlefield in the long-running conflict between Polish road authorities on one side and European biodiversity protection laws, and environmental NGOs trying to uphold them, on the other. Except this time, it’s not just about the law – it’s also about the money.
Published after the conclusion of the UN climate negotiations in Paris, Issue 63 of Bankwatch Mail presents ample evidence of how the EBRD and the EIB continue to be firmly tied to fossil fuel financing, in spite of increasing pressure to do more to end support for carbon-intensive sources of energy.
And even when multilateral development banks say they’re doing ‘clean energy’ some of the effects are proving to be catastrophic – as the impacts of IFI-backed hydropower projects across the Balkans show.
We also take a look at the new kid on the IFI block, the Asian Infrastructure Investment Bank, and consider among other things how its ambition to be ‘lean, clean, and green’ sits with apparent plans for the new bank to help fire up a lot of coal power plants across Asia.
An assessment of the application of the “European Code of Conduct on Partnership” during the establishment of the national implementation bodies and the first phase of ESI Funds implementation in the Czech Republic, Hungary, Latvia, Poland and Slovakia.
Countries of the European Neighbourhood have received a boost to their energy sectors in the last decade, thanks in part to the prominent role played by the EU as a catalyst of both policy reforms and financing. This paper is the executive summary of an upcoming study that examines EU financing for the energy sector in 16 countries of the European Neighbourhood between 2007 and 2014.
European Structural and Investment Funds (ESIF) represent significant investments in the EU’s physical infrastructure and the development of human potential, helping to increase the continent's economic, social and territorial cohesion, including the environmental integrity of its natural environment.
This briefing gives an overview of the legal background and the guiding principles for applying project selection criteria during the implementation phase of EU funds, illustrated by a number of case studies and examples from different countries.