The Southern Gas Corridor, a string of pipelines meant to bring gas from Azerbaijan into Europe, is presented as a panacea for all ills and is set to benefit from some of the biggest loans in the history of European public banks. But as this report reveals, Europe's flagship energy project is set to benefit a host of companies and individuals with a particularly shady track record. Several companies contracted to build the Southern Gas Corridor have a worrying history of corruption.
The briefing makes recommendations for the European Investment Bank's methodology for calculating greenhouse gas emissions, which is currently under review. It also provides case studies that illustrate the shortcomings of the bank's current approach - most notably its strategy towards supporting gas projects.
Ahead of an expected loan decision by the Asian Development Bank for the Shah Deniz gas field in Azerbaijan, non-governmental organisations raised concerns over the human rights situation in the country as well as in Turkey, to where the gas from Shah Deniz will be transported via the Southern Gas Corridor.
Ahead of the Asian Development Bank's board meeting where a loan to the Shah Deniz gas expansion project in Azerbaijan is to be discussed, a group of NGOs ask the ADB board to postpone a decision and align the ADB to the practice of other IFIs involved in financing the same and related gas projects.
Accompanied by a public action, Bankwatch and Global 2000 presented European Commission vice-president Maroš Šefčovič with this open letter. The letter points out the inconsistencies behind European public money supporting lifetime extension of soviet era nuclear reactors in Ukraine, which are made in violation of international environmental conventions and with insufficient implementation of safety requirements.
So far, the EU's support for Ukraine is a bad precedent for nuclear decision-making across Europe. It is time to set things straight!
In this letter, Human Rights Watch and Bankwatch highlight the ongoing repression of independent civil society in Azerbaijan and its impact on sustainable develpoment and urge the European Bank for Reconstruction and Development to limit its engagement in the country, specifically to not provide financing for projects related to the country's extractives sector such as the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
In this letter, Human Rights Watch and Bankwatch highlight the ongoing repression of independent civil society in Azerbaijan and its impact on sustainable develpoment and urge the European Investment Bank to not provide financing for projects related to the country's extractives sector such as the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
This report analyses how and if the European Investment Bank (EIB) is fulfilling its development role under the so-called External Lending Mandate (ELM) for the period 2014-2020. It sheds light on the more questionable quality and effectiveness of EIB operations and on the neglected areas of the bank’s performance outside Europe, such as transparency and access to information practices, its attitude towardstax evasion and tax dodging, human rights due diligence.
Coal is the single biggest contributor to global climate change. But governments and investors planning new coal capacities have a range of flimsy arguments why coal would be the best or the only alternative. This briefing busts a number of myths surrounding coal, such as "coal is cheap", "alleviates poverty" or "coal is clean".
This report reveals how and why promises for new jobs in south-east Europe’s coal sector are exaggerated. Hardly any coal operations across the region are economically viable, and as a result many coal workers, especially in the mines, are set to lose their jobs, even if the plans for countless new power plants materialise. Governments, coal workers and their wider communities need to work together towards a just transition.
Countries of south-east Europe have outdated, polluting and wasteful energy systems. Change to this situation has been slow in coming. But are there signs of hope? This scorecard report seeks to answer this question by giving a glimpse into changes in the energy sector between 2010 and now.
In light of the upcoming review of Azerbaijan's status in the Extractive Industries Transparency Initiative (EITI), 18 international civil society organisations call on the EITI Board to suspend Azerbaijan from participation in the EITI, due to continuous breach of the initiative’s requirements for fostering an enabling environment for civil society.
This paper highlights the deﬁciencies of the partnership principle and public participation within the European Neighbourhood Policy, in terms of addressing the political and cultural situation in the region. The paper provides recommendations for improvement during the midterm review of the European Neighbourhood Instrument and the proposal from the Commission proposal for a legislative framework for the new EU budget 2021-2027. The paper is based on the experience of CEE Bankwatch Network and its partners between 2012 and 2016.
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.