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Study | July 1, 2010

As Europe is greening its economy and gearing up to decarbonise by 2050, most south-east European (SEE) countries still view energy efficiency and renewable energy as greens on the side of their main dish. Coal power and large hydropower are still the favourites on the menu, as they depend on indigenous resources and keep energy import dependency lower.

Policy comments | June 30, 2010

Bankwatch's comments on the European Commission's DG Energy's document "Towards a new energy strategy for Europe (TESE)" discusses the priorities for EU public financing we believe should be incorporated into a new energy strategy.

Policy comments | June 30, 2010

The EIBs transport policy is particularly important considering the importance of transport investments in the EIB's portfolio, as well as the transport sectors rising CO2 emissions in the EU. Bankwatch's comments argue for a clear policy orientation towards greenhouse gas reduction in the bank's transport lending and contrasts the EIB's current EIB lending figures with its own claims of emphasising climate considerations.

Policy comments | June 25, 2010

Bankwatch coordinators in Bulgaria, the Czech Republic, Latvia and Poland have interviewed energy and financial experts from national ministries and other institutions. This paper is a summary of their findings.

Advocacy letter | June 21, 2010

President Thomas Mirow responded to our letter on July 12, 2010. His response can be downloaded as pdf.

Advocacy letter | June 18, 2010

The open letter, signed by members of the Coalition for Sustainable EU Funds, calls on the President of the European Commission Manuel Barroso to ensure a clear, transparent and participatory EU budget reform process that builds on the outcomes of the 2007-2008 consultation "Reforming the budget, changing Europe", which delivered an unequivocal request for change.

Policy comments | June 9, 2010

Given an array of evidence (described in this letter) that the EIB is not yet suited for a development role, and taking into account the increased onus within the Decision on development, Counter Balance strongly opposes the recommendations of the Decision that the EIB receives the €2bn optional mandate for a new climate mandate, increase its overall investments, extends the range of financial instruments offered, and undertake concessional lending by mixing EIB money with EU grants.

Bankwatch Mail | June 8, 2010

In this issue: Commission seeking to boost EIB development lending despite failures and lack of details * EU Budget review missing in action * Developments in development lending - what Lisbon means for EIB lending outside Europe * A non-meeting of minds once again at the EIB's annual meeting * EU Funds: More light equals fewer shades of grey * Fossil farce a cure for Greek tragedy?

Official document | June 6, 2010

We are particularly concerned about the inadequate appraisal of environmental risks connected with the Turany - Hubova section of the D1 motorway in Slovakia, the damage so far and further potential impacts on the Natura 2000 sites and habitats of
Community importance. We are convinced that the underestimation of environmental risks has led to insufficient mitigation measures resulting in a recent damage to a nature reserve by preparatory construction works.

Advocacy letter | May 27, 2010

The EIB's annual meeting remains off limits for NGOs in contrast to the often fruitful discussions allowed with the staff and governing bodies of institutions like the World Bank and the European Bank for Reconstruction and Development. This in mind, CEE Bankwatch Network and Counter Balance: Challenging the European Investment Bank have written to the EIB's governors ahead of their 52nd annual meeting in Luxembourg.

Policy comments | May 13, 2010

The paper, sent to the European Economic and Social Committee (EESC) discusses the need to involve environmental civil society organisations in the development and approval of the Treaty for the establishment of the Transport community with the countries of the Western Balkans.

Bankwatch Mail | May 12, 2010

In this issue: EBRD own goal on coal will under-mine clean energy ambitions * Croatia: land of sun, sea and contradictory strategies * Sustainable energy mischief in Ukraine * Mining’s winners and losers on show in new film * Hopes and more fears in Central Asia * More sustainable development pipedreams? BTC shows how not to do Nabucco * Post-conflict aid to Georgia: mission accomplished or fait accompli?

Briefing | May 10, 2010

For three years already ArcelorMittal Temirtau (AMT), financed by the European Bank for Reconstruction and Development (EBRD), has been implementing the USD 100 million Mittal Steel Temirtau - Coal Mine Modernisation project that was approved by the bank in 2007.

Briefing | May 10, 2010

The European Bank for Reconstruction and Development (EBRD) is considering lending EUR 175 million to the National Energy Company of Ukraine, Ukrenergo, for implementing the South Ukraine Transmission Project. An equal amount of financing was approved by the EIB in October 2009. The project foresees construction of a new 750 kV power transmission line, two 330kV double circuit diversions, and modernisation of an existing 330/220/110 kV substation.