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Policy comments | January 31, 2011

Bankwatch's comments support the introduction of a biowaste directive as the only way to implement the EU waste hierarchy in central-eastern European (CEE) countries.

Policy comments | January 28, 2011

Bankwatch's submission draws heavily on earlier comments (pdf) provided by Bankwatch and the Global Transparency Initiative during the 2007/2008 PIP review but also includes amendments from our experiences with the current policy's implementation. A particular cause for concern is the lack of transparency in case of global loans given to financial intermediaries.

Advocacy letter | January 20, 2011

The International Finance Corporation (IFC) is considering financing the Nabucco gas pipeline project. Should the IFC decide to finance the project, it risks repeating the serious economic, environmental, social and human rights mistakes associated with the Baku Tbilisi Ceyhan (BTC) and Chad-Cameroon pipeline projects and involving the World Bank Group in another highly problematic, politicized and economically and environmentally unsustainable project.

Briefing | January 20, 2011

The European Investment Bank and the European Bank for Reconstruction and Development can play a crucial role in a transition of the Polish energy market towards energy efficient energy production based on renewable energies.

Advocacy letter | January 19, 2011

Bankwatch welcomes the European Commissions "A resource efficient Europe - flagship initiative of the Europe 2020 Strategy" as an effort to build a holistic approach to resource efficiency. This letter suggests further priority measures that should guide this initiative and proposes an integration of resource efficiency in different EU policies and actions.

Advocacy letter | December 17, 2010

While the EBRD has repeatedly expressed its concerns about the project development process for this project, it has so far refrained from making any final decisions on whether to finance the road or not. We believe the time has now come for the bank to clearly and publicly withdraw from the project.

Advocacy letter | December 17, 2010

While the EIB has repeatedly assured of its efforts to improve the project's planning and public consultation process, recent developments show that these efforts have not been successful. We believe the time has now come for the bank to clearly and publicly withdraw from the project.

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Study | December 8, 2010

In 2008, the EIB's deployed an additional EUR 15 billion to its 'global loan' lending - as a response to the financial crisis and the difficulty for small and media sized enterprises to access finance. In essence, the package appears to have remained to a large extent in the intermediary banks, the initial recipients of the funding.

Study | December 7, 2010

In 2007 the European Bank for Reconstruction and Development (EBRD) provided a USD 90 million loan to the second largest supermarket operator in Ukraine - the Furshet Group - for the regional expansion of its chain in Ukraine and Moldova. The aim of this research was to examine labour/gender conditions at supermarkets in respect of employee rights and discrimination at work, resulting in recommendations how Furshet and the EBRD can improve the employees' situation.

Briefing | November 26, 2010

The issue paper provides facts about the EIB's performance in the transport sector since the approval of the current transport policy in 2007. While transport investments represent a large share of the EIB's portfolio in the EU 27, transport GHG emissions in the EU are continuously rising.

Policy comments | November 20, 2010

The document summarises the goals on which, according to Bankwatch, a future EBRD mining sector strategy needs to be based if the EBRD wants to support sustainable development. It includes specific recommendations to help ensure that EBRD investments in the mining sector bring real benefits for communities, avoid environmental and social harm, reduce CO2 emissions and do not increase countries' dependence on commodities.

Policy comments | November 20, 2010

With these pointers, Bankwatch analyses the EBRD's current Municipal and Environmental Infrastructure (MEI) policy and critically examines its implementation in the sectors of water, waste, transport, district heating and other social services. We offer recommendations that - if included in the revised policy - would help taking into account the inescapable need for a low-carbon development and the lessons from the global economic crisis.

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Study | November 18, 2010

The report presents a new proposal by seven green NGOs including Bankwatch on how to reform the EU funds, analyses different EU policies and suggests concrete solutions to put an end to environmentally harmful subsidies within the EU Budget.

Our key challenges in tackling climate change, biodiversity loss and resource inefficiency need to be prioritised ahead of funding for unnecessary infrastructure projects and the subsidising of intensive agriculture.

Briefing | November 17, 2010

Bankwatch's examination of the EBRD's own data leads to three main conclusions:

  1. EBRD lending for fossil fuel (coal, oil and gas) projects has risen rapidly, and more than tripled between 2008 and 2009.
  2. There has been concerted EBRD lending for energy efficiency projects - a welcome development.
  3. Lending for renewable energy is increasing but remains at a low level.