Turning the Tide
Our new documentary exposes the role of four of the world’s leading multilateral development banks (MDBs) – the World Bank, the European Investment Bank, the European Bank for Reconstruction and Development and the Asian Development Bank – in enabling the fossil fuels industry, not least during the warmest decade on record.
We expose the risks of international public finance and bring critical updates from the ground. We believe that the billions of public money should work for people and the environment.
The EU is making tens of billions of euros available for the transition of European coal regions, both from the dedicated Just Transition Fund and from other budgetary sources. Countries in central and eastern Europe are in the process of finalising spending plans, to show the Commission how they want to use the cash. How far along are they in the process, how inclusive were governments of the affected communities and – the key question – are authorities in the region planning to spend the money on the right things?