This briefing analyses ten coal-fired power plant projects across the Western Balkans and finds that, once the cost of carbon emissions allowances are factored in, they could become a serious liability for both the companies involved and the public.
A global group of non-governmental organizations today called on the World Bank, European Investment Bank, Japan International Cooperation Agency, German Development Bank- KFW, French Agency for Development, and other international financial institutions involved with the Olkaria I, IV, and V geothermal projects in Kenya to take immediate action and demand that the project promoter, Kenya Electricity Generating Company Limited (KenGen), withdraw all legal charges against Maasai community members who have raised concerns regarding these projects.
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 letter to the European Bank for Reconstruction and Development's Board of Directors summarises civil society organisations' concerns regarding bank's Project Complaints Mechanism, specifically the handling of several complaints, and makes specific recommendations for improvements, based on experience with these cases and with the accountability mechanisms of other institutions.
In September 2016 the European Commission published its proposal for the prolongation of the EFSI until 2020, to be achieved by amending the existing regulation. We welcome several improvements, but are concerned that they fall short of properly tackling the challenges and shortcomings identified, namely to provide additionality and catalyse the unambiguous move to reduce GHG reductions. On the basis of our in depth report Best Laid Plans, which analysed the 93 projects approved until July 2016 and further analysis of the EFSI entire portfolio till the end of 2016 under the Infrastructure and Innovation Window (IIW), we consider that the EFSI regulation needs considerable improvements in the energy area.