In this issue: A sustainable EU budget – it's time to cut the crap * Khimki forest reprieve brings no cessation of underhand tactics * EU funds flows for smart flood prevention can save billions and lives * Rip it up and almost start again – New EU funds priorities for Hungary * EU funds for Latvia's environment up in smoke * Conference - The private sector turn: Private equity, financial intermediaries and what they mean for development (November 22, London) * EBRD financial sector strategy revision reveals few lessons learned from crisis * Energy and transport failings in the east – a challe
EU Structural and Cohesion Funds should foster sustainable development and the transformation to a low-energy-consuming society, living within its ecological limits. In so doing they should support the deployment of energy efficiency measures and renewable energy sources, should prevent any harmful social and environmental impact of their investments and actively protect biodiversity and improve ecosystem resilience.
The European Commission (EC) has recently invited inputs to its consultation on an initiative on concessions that aims to improve the rules for concession contracts in the EU. PPP advocates insist on their cost-effectiveness, timely completion rates and the sharing of financial risk - yet so far the evidence for these claims is decidedly mixed. In our comments we call for a thorough and independent assessment of the performance of PPPs so far and their financial and social impact.
Bankwatch's comments to the consultation on the future of the Trans-European Transport Network (TEN-T), the vast Europe-wide network of roads, rail, air and water transport raise concerns among others about the lack of an overall vision in the European Commission's consultation documents so far and about the European Investment Bank's role in the implementation in the revised policy.
This paper examines the less obvious aspects of the Nabucco gas pipeline project - its possible impact on Turkmenistan, a country notorious for its grave human rights situation and the dictatorial tendencies of its political leaders. It also discusses how, with a lack of public oversight over gas revenues in Turkmenistan, the construction of Nabucco may lead to the strengthening of one of the most brutal regimes currently in existence.
On April 27, 2010 at the annual meeting of the European Bank for Reconstruction and Development (EBRD), the European Commissions (EC) Executive Director voted positively regarding the D1 Motorway Phase One project in Slovakia - despite the project's serious shortcomings and an ongoing project screening by the EC (DG Environment) for its compliance with the environmental acquis communautaire.