This report analyses projects approved by the European Fund for Strategic Investments (EFSI) in its first year of operation. The fund should catalyse €315 billion in new investment, and play an important role in the fight against climate change. However, as the analysis finds, during the EFSI's first year an additional €1.5 billion was earmarked for fossil fuel infrastructure, and 68% of transport investment is destined for carbon-intensive projects.
Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today
Aimed at raising investments for € 315 billion and supposed to “create jobs everyday”, after one year of operations the European Fund for Strategic Investments (EFSI) still appears questionable. On the eve of the proposal to extend the Juncker plan up to 2020, CEE Bankwatch Network, Counter Balance, Friends of the Earth Europe and WWF open up a much-needed discussion on the additionality, accountability and climate impact of this financial instrument.
What should have been two significant contributions to Europe’s war chest in the fight against climate change will in fact leave the planet short-changed and open the door to even more polluting fossil fuel projects, argue campaigners at Bankwatch, Friends of the Earth Europe and Climate Action Network Europe.
How to overcome the stagnation in the Czech renewable energy sector? Ending the government’s crusade against renewable support schemes would be a good starting point, writes Karel Polanecky from Bankwatch’s member group Hnuti Duha, Friends of the Earth Czech Republic.
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.
CEE Bankwatch, një rrjet organizatash mjedisore në Europën Qendrore dhe Lindore, i ka kërkuar bankave Europiane për zhvillim të mos e financojnë projektin e gazsjellësit TAP, duke cituar kompensimin e padrejtë të qytetarëve shqiptarë të prekur nga projekti – të cilën ato e cilësojnë si të panevojshëm për sigurinë energjetike të Europës.
Të hënën presidenti i Bankës Europiane për Rindërtim dhe Zhvillim Suma Chakrabati do të vizitojë Tiranën, ndërkohë që BERZH po vlerëson një kredi prej 1.5 miliardë euro për Gazsjellësin Trans Adriatik, TAP, – kredia më e madhe në historinë e bankës.
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.