If fossil fuels' grip on the Czech Republic's energy sector remains, as current plans and policies confirm, the country's support for the Paris Agreement will be nothing but a sham, writes Karel Polanecky from Bankwatch's Czech member group Hnuti Duha.
Espoo bodies sent several specific recommendations concerning its non-compliance with the Espoo Convention to Ukraine. Nonetheless Ukraine seems to be either ignoring those or taking insufficient steps towards compliance. Therefore Bankwatch summarises the state-of-play in this letter and asks the Implementation Committee to consider a number of steps to ensure the Convention’s requirements are properly met by Ukraine.
Začiatkom júla začalo Slovensko predsedať Rade Európskej únie. Uprostred politických turbulencií nielen u nás doma, ale aj v Európe sa slovenská vláda rozhodla podporiť zaznamenaniahodné nástroje ekonomickej politiky.
Czech environmental and law groups have proposed a law amendment to revive the disadvantaged renewable energy sector in their country. Karel Polanecky from Bankwatch member group Hnuti Duha explains their initiative.
This analysis of the European Investment Bank's (EIB) energy lending shows that the bank has been effectively hindering Europe's energy transition. Most notably, during 2013-2015, EIB lending to renewables in Europe has dropped whereas its lending to fossil fuels has modestly but consistently increased. Moreover, while EU leaders have repeatedly emphasised the 'energy efficiency first' principle, the EIB has been lagging behind with only 3.6% of its lending across sectors going to energy conservation projects.
The so-called European Fund for Strategic Investments (EFSI) should unlock additional investment of at least EUR 315 billion over a three year period (2015-2017). One of the projects benefiting from the financing concerns the design, construction, operation and maintenance of about 27km of a motorway around Bratislava. The project will come with high costs, will damage biodiversity and likely not solve local transport problems.
Energoatom is currently unable to serve loans from European institutions. Even though a European Commission study assessed the company’s credit worthiness, Ukrainian taxpayers now have to pay back part of the loans.
Three decades after Chernobyl, nuclear power remains a mainstay of Ukrainian energy supply. Despite persistent safety problems, the Ukrainian government has approved lifetime extensions for four of its 15 nuclear units since 2010, and two more could be greenlighted later this year. What is more, Ukraine’s nuclear sector survives in part thanks to European support. The EU needs to stop supporting Kiev’s risky nuclear energy programme.