Accompanied by a public action, Bankwatch and Global 2000 presented European Commission vice-president Maroš Šefčovič with this open letter. The letter points out the inconsistencies behind European public money supporting lifetime extension of soviet era nuclear reactors in Ukraine, which are made in violation of international environmental conventions and with insufficient implementation of safety requirements.
So far, the EU's support for Ukraine is a bad precedent for nuclear decision-making across Europe. It is time to set things straight!
Oppressive noise and a cloud of dust engulf the residents of Roșia de Jiu and Rogojel, villages located next to Romania’s Rovinari power plant. In a new video, Bankwatch Romania has documented the toll that producing coal energy is having on these communities that live near the lignite mines, transport belts and power plant at Rovinari.
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Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today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.
Critics claim €3bn European funding for the Southern Gas Corridor energy project would undermine EU climate change targets and gloss over human rights abuses.
LONDON, 14 September, 2016 – Civil society campaigners have accused the European Union of pouring unprecedented amounts of state aid into a huge energy project that runs counter to its own climate change objectives.
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.
NGOs warn that Albanian families expected to give up their properties to make room for the Adriatic pipeline project, TAP, have not been adequately compensated, while some have faced threats of government expropriation.
Four families in Albania have submitted complaints to the European Investment Bank, EIB, over the low level of compensation they have been offered from TAP representatives for the displacement of their properties as a result of building the pipeline.