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A conversation between the mine and the factory: alternatives to the extractive model of the green transition

Event  |  December 22, 2023

On 12 December the Debt Observatory in Globalisation held an international meeting altogether with a frontline defender in Colombia and Argentina, and workers of Collectivo Di Fabrica, from Florence (Italy). The aim was to discuss about the impacts of

The Ulog hydropower plant on the river Neretva, Bosnia and Herzegovina

Publication  |  December 18, 2023

The Ulog plant, with a 53-metre high dam, is currently being built on the upper Neretva in the Republika Srpska entity of Bosnia and Herzegovina, in the middle of a nominated candidate Emerald site – an area which should be protected under the Bern Convention.

European development bank decides to keep cooking the planet

Press release  |  December 15, 2023

The board of the European Bank for Reconstruction and Development (EBRD) decided yesterday, 14 December, to green-light a new energy lending policy that, with some caveats, allows for continued financing of fossil gas pipelines and gas-fired power plants.

New EIB President Nadia Calviño must put people’s needs first 

Press release  |  December 8, 2023

The new European Investment Bank (EIB) President Nadia Calviño must tap into the Bank’s green and social potential. She should direct the EIB to mobilise its resources to meet the fundamental needs of people and to assist with transforming our society into one that’s ecological and sustainable. 

The Energy Sector Strategy 2024-2028 Must Mark the End of the EBRD’s Support to Fossil Fuels

Publication  |  October 23, 2023

As the European Bank for Reconstruction and Development (EBRD) is drafting its 2024-2028 Energy Sector Strategy, Bankwatch and 130 civil society groups from more than 40 countries released a joint statement urging the Bank to recommit to tackling the climate crisis.

The European Bank for Reconstruction and Development must do more to safeguard biodiversity in its new environmental policy

Blog entry  |  October 4, 2023

As the global biodiversity crisis grows ever more urgent, the European Bank for Reconstruction and Development’s (EBRD) environmental policy and practice is proving insufficient to prevent harm to nature, let alone allow its restoration. The Bank’s review of its environmental and social policy in the coming months must provide a proportionate response to the scale of the problem.

Thousands demand European development bank stops financing fossil fuels

Press release  |  September 27, 2023

Over 6200 emails have been sent to the European Bank for Reconstruction Development (EBRD) calling for its next energy policy to end financing for fossil fuels and step up investments in the energy transition.

Why we’re taking legal action on renewables permitting

Blog entry  |  September 22, 2023

It might seem counterintuitive for organisations that promote a sustainable energy transition to challenge EU initiatives to speed up renewable energy deployment. But due to undemocratic decisions that undermine environmental safeguards and public participation, that’s what we’ve been compelled to do.

The Georgian Road to Russia: when everything goes south 

Blog entry  |  August 3, 2023

The North-South Corridor, widely promoted by international financial institutions, aims to facilitate the transport of goods as the ‘only land access to the Russian Federation’, as well as to Iran, Armenia and Azerbaijan, running through Georgia. Yet the project impacts the cultural heritage of picturesque landscapes in Georgia without answering the major question raised Georgian taxpayers – why should they pay for a new road to Russia, a country that does not have diplomatic relations with Georgia, has occupied Georgian territories, and presents one of the major obstacles to Georgia’s European future? 

Adriatic Metals’ ruthless mining: How can the EBRD help improve its clients’ practices when it doesn’t follow its own standards?

Blog entry  |  July 27, 2023

The DFF Adriatic Metals project, located between the towns of Vareš and Kakanj in Bosnia and Herzegovina, is proclaimed by the investor to be setting new benchmarks for sustainable mining and committing to safety, community, and sustainability – claims not shared by people living in Kakanj.

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