EIB adopts new energy lending policy, to stop financing fossil fuel projects from end-2021
November 15, 2019
The European Investment Bank’s (EIB) Board of Directors has agreed on a new energy lending policy which envisages that the bank will stop financing fossil fuel projects from the end of 2021.
A false solution to a real problem?
June 14, 2019
New research by Bankwatch shows energy and climate plans (NECPs) in 7 CEE countries over-rely on unsustainable biomass to reach their renewable energy objectives.
Kresna gorge / Struma motorway, Bulgaria
February 25, 2019
The Struma motorway is tragically emblematic of an EU-funded project that has wrought havoc on European biodiversity and the wishes of local communities. In spite of two decades of protest by civil society and citizens, part of the Struma motorway section is planned directly through the Kresna gorge, a Natura 2000 site and Bulgaria’s richest biodiversity hotspot.
New investigation in Kresna gorge reveals another major breach of law
February 15, 2019
An independent investigation by a Bulgarian TV channel bTV discovered progressing construction works in the Kresna gorge area even though the official procurement procedure is still ongoing.
EU funds maladministration complaint to the European Ombudsman
January 31, 2019
The matter of concern is the use of EU Cohesion funds for deterioration of the conservation and integrity of habitats and species in Kresna gorge (Bulgaria) protected by EU law and International Conventions. The EC did not prevent and ensure that the S
Case to the European Ombudsman calls out Commission for failing to protect Bulgaria’s biodiversity
January 31, 2019
Brussels / Sofia – the European Commission has been accused of failing to monitor how EU funds are being spent in Bulgaria, according to a complaint [1] filed to the European Ombudsman over the Commission’s handling of a motorway project that threatens a protected Natura 2000 site.
First report from Parliament on next EU budget funding for energy and transport infrastructure shows more work to be done
July 23, 2018
On 19 July, two European Parliament Committees – on Industry, Research and Energy and Transport and Tourism – delivered their first draft report [1] outlining what they would like to see in the new Connecting Europe Facility, one part of the EU budget after 2020 that Bankwatch is monitoring because CEF provides funding for key pieces of energy and transportation infrastructure across the bloc.
