Today the European Parliament approved the regulation establishing the European Fund for Strategic Investments (EFSI) at the heart of President Juncker’s EUR 315 billion investment plan. But critics say that the regulation lacks clear provisions for oversight of the fund and guidance for investments in green, sustainable and resource-efficient projects that are part of the fund’s mandate.
Slovenia's newly built Sostanj 6 is expected to generate losses of around EUR 200 million over the next 3-4 years. Given that Croatia's Plomin C project shares some of Sostanj 6's features could Croatia be about to repeat its neighbour's mistakes?
EU energy ministers are meeting in Brussels today to discuss the implementation of the Energy Union. Looking at what has been discussed so far, the strategy may not prioritise energy efficiency enough to help Europe become climate-friendly.
Despite some shortcomings of partners’ involvement during the Programming of the EU funds for 2014-2020, environmental partners could significantly improve the mainstreaming of environmental protection requirements throughout Partnership Agreements and Operational Programmes. It is now all the more important to ensure partners can contribute during the implementation and monitoring of EU regional development funding.
This paper offers practical suggestions to strengthen the role of civil society:
Bucharest - Another environmental permit for the deforestation of 80 hectares of forest has been cancelled by a Bucharest court, following a Bankwatch Romania petition. The decision curtails plans to expand a lignite quarry in the Gorj county.
The first four projects that the European Investment Bank announced for financing under President Juncker’s EUR 315 billion investment initiative, the European Fund for Strategic Investments (EFSI), reveal the structural inconsistencies of both the EFSI legal set-up and the EIB procedures themselves. For the time being there is no genuine guarantee about the additionality of EFSI financing and added-value to EU’s long-term economic development objectives, in particular the multiple dividends of a decarbonised and decentralised energy system with substantial energy savings at its heart.
After the epic battle against the Rosia Montana gold mine in Romania ended in success, many people still don't know that Romania and other countries in the region such as Bulgaria are still threatened by several gold mining proposals, some of which would involve the use of cyanide leaching.
In its annual resolution on the European Investment Bank, Members of the European Parliament have criticised the bank’s Project Bond Initiative, warning that the risk-sharing instrument bears similarities to those proposed under the Juncker Investment Plan.