With only a few weeks to go now until final crucial decisions are taken that will determine Hungary's EU spending plans for the next seven years, Bankwatch's Hungarian member group MTVSZ decided last week that it was about time the Hungarian government got its house in order when it comes to beneficial EU allocations for cutting domestic energy bills, stimulating the Hungarian economy and fighting climate change.
On November 28, the state nuclear regulator of Ukraine (SNRIU) allowed the continued operation of unit 1 of the South Ukrainian nuclear power plant (SUNPP-1) until December 2, 2023 - 10 years beyond its technically designed lifetime. The decision not only constitutes a breach of national regulation, but also disregards an unresolved case of non-compliance with the UN Espoo Convention. All this while Energoatom is in an increasingly tight financial situation.
The licence for unit 1 of the South Ukrainian nuclear power plant is going to expire on December 2, 2013. The unit has been stopped already in March 2013 for necessary maintenance and safety upgrade works. The State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) conditioned the possibility of the unit’s re-start and lifetime extension to a list of measures that need to be implemented.
The European Bank for Reconstruction and Development helped solve conflicts between locals and Ukrainian state company Ukrenergo about an EBRD financed transmission line. On close inspection, the case illustrates that without close monitoring and support for local communities, it is left to chance and locals’ dedication that conflicts are being noticed in the first place.
'Banking on Coal – Undermining our Climate' will be released on Friday during the UN Climate Summit at Warsaw
Two Polish private banks – Bank Gospodarstwa Krajowego and PKO Bank Polski – have been identified to be on the dirty list of banks that are heating up the globe, damaging the environment and hurting local communities, a new report says.
The manipulation of a tender for a metro line extension in Prague - financially supported via EU funds and the European Investment Bank (EIB) has not only resulted in a huge EU funds fine, but also raises questions about the EIB's ability to identify and avoid mismanagement in the infrastructure projects it finances.
After a five year planning and permitting process, and citing economic reasons, Italian energy giant Enel announced last month that it will not now be moving forward with a coal-fired power plant project in Romania. The company had been working on the project – a proposed 800 MW facility to have been sited in Galati, at an estimated cost of EUR 1 billion – since before the outbreak of the economic crisis, since when progress has been slow.
With only a few weeks to go until the end of the year, and the official start of the new EU budgetary period for 2014-2020 that will see billions of euros flow into central and eastern Europe (CEE), national governments are racing to finalise their EU spending allocations for the forthcoming seven-year period. But, according to new analysis and a data visualisation put together by Bankwatch and Friends of the Earth Europe, CEE member states look set to pass up the opportunity to devote adequate funds for green projects and initiatives.
A promotional video for an upcoming climate protest in Warsaw draws attention to the negative influence that coal has on our health and that coal businesses will have on the global climate negotiations.
As the European Bank for Reconstruction and Development revises its safeguard policies, the Aid Transparency Index ranks its commitment to openness and transparency as the weakest in comparison with similar institutions.