As pointed out in our publication Are We Nearly There Yet? Dilemmas of Transition After 20 Years of the EBRD's Operations (pdf), environmental and social sustainability has not been as strong a focus for the European Bank for Reconstruction and Development as it should be. How the EBRD measures it's success can be seen as one part of the explanation. It's transition indicators - also at project level - are therefore an important aspect when assessing the bank's performance.
A coalition of more than 30 Macedonian and international NGOs are calling on the European Bank for Reconstruction and Development (EBRD) not to finance the Boskov Most hydro power plant in north-western Macedonia. The project would seriously damage Mavrovo national park, the largest in the country and a potential Natura 2000 site.
The Ombla hydropower plant is planned to be built in a cave in Croatia that is part of a proposed Natura 2000 site, but the environmental, economic and social impacts have only insufficiently been assessed by the project promoters.
More than 30 Croatian and international civil society organisations therefore urged the EBRD to not approve a loan for the project.
Next year, the European Council and European Parliament can amend the regulation texts for the better. Our detailed recommendations for EU regional funds 2014-2020 can help them in their task by outlining which types of spending need to be excluded and which encouraged in order to tackle climate change, stop biodiversity loss and reverse resource-overconsumption while modernising our economies.
Upset by Slovenia's plans to build a huge lignite power plant unit in Sostanj, Slovenian artist Marko Kumer-Murc and Slovene environmentalists from Focus brought their protest to Brussels. The leaflet tells Marko's story and offers a quick round-up of Sostanj and other coal power plants that are supported by international financial institutions.
In August 2011, the European Bank for Reconstruction and Development (EBRD) announced that it was acquiring a stake in GV Gold, one of Russia’s top gold producers, stressing the company's willingness to meet the Bank’s environmental and social requirements.
A GV Gold subsidiary, however, carries out prospecting and plans to mine gold on a territory that is located in its entirety in a UNESCO World Natural Heritage property.
Despite numerous international calls for the discontinuation of public support for fossil fuels in the face of climate change, the EBRD continues to finance the dirtiest among them, coal. What is more, the bank plans to expand its activities in this field. CEE Bankwatch Network urges the EBRD to phase out any support for coal industry making it more competitive and disadvantaging sustainable energy.
Press information from September 2011 suggested that ENERGA S.A. is holding conversations with the European Investment Bank about financing a new coal-fired unit in Rzekun also referred to as Ostroleka C. With this letter, Bankwatch inquired whether the EIB is having conversations with ENERGA S.A. and if yes, at which stage they are.
Preparing for its expansion of operations to the Southern Mediterranean region, the EBRD, after four months of silence, held a consultation meeting with five non-governmental organisations. This briefing gives a short overview over the transparency challenges that lie behind and ahead of the affected civil society.
This edition focuses mostly on the European Investment Bank and EU funds related issues. Among the questions we discuss are: How is the EU budget, this 1 trillion euro process, shaping up, and will sustainability finally have a bigger role? and Will EIB investments in the Southern Mediterranean bring benefits to the people there or to Western companies?
This paper describes experiences with the EU funded Transport Operational Programmes (further referred to as OPTs) in four central and eastern European countries: Bulgaria, the Czech Republic, Estonia and Poland. Individual country reports have been produced after 4 and a half years of the respective OPTs" implementation in the current EU budgetary period 2007-2013, and they identify the main facts, weak points and lessons learned in the process of preparation and implementation of the programmes.
ArcelorMittal received a loan from the European Bank for Reconstruction and Development (EBRD) for health and safety improvements in its Kazakh coal mines. While fatal accidents at the mines continue, the company has so far not provided sufficient information to allow the project's assessment. We visited Temirtau to talk with miners directly about the company's health and safety performance.
The toolkit is based on experiences of different Bankwatch campaigners who have witnessed all kinds of problems caused by internationally sponsored projects. The toolkit is meant to support NGOs from the early steps of their engagement with IFI-sponsored projects. It gives hints about how to identify potential gender related problems and shows ways to prepare for the prevention or mitigation of such problems.