Buk Bijela dam and the Upper Drina cascade
December 13, 2021
Planned as a joint project of public utilities owned by the Republika Srpska entity of Bosnia and Herzegovina and Serbia, Buk Bijela on the upper Drina is being pushed forward in violation of local legislation and international conventions.
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.
Bankwatch statement on the EU’s 2050 climate neutrality goal and central and eastern European country positions
June 20, 2019
“With Germany now backing the EU’s 2050 carbon neutrality goal, all eyes are on Poland and other countries of central and eastern Europe that have to date refused to back this target because of their reliance on coal.
A treasured World Heritage Site in Bulgaria is under threat from a trans-European road network – Equal Times
June 19, 2019
From Valentin Stoichkov’s terrace, the views over the Pirin Mountains are breathtaking. The deputy mayor of the small town of Kresna, in south-western Bulgaria, has built an extension to his family’s modest dacha (summer home) in the foothills of this
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.
Protests at pan-European motorway project as time runs out for key wildlife site
June 5, 2019
Dozens of activists from across Europe have protested and dropped a banner at an international road in Kresna gorge, Bulgaria, to protest against the lack of action from the European Commission and the Bulgarian government to save the key EU-protected wildlife site.
EBRD tightens standards in response to Balkan hydropower boom
May 16, 2019
As a result of public resistance to small-scale hydropower projects in the Balkans, from the beginning of 2020, the EBRD will ask commercial banks to refer all high-risk projects – including all hydropower plants – for additional checks. The EBRD also requires them to meet higher environmental standards than previously. The bank will ask that such projects are disclosed to the public on the financial intermediary’s website, finally increasing disclosure on these hitherto hidden projects.
Nenskra hydropower project: May 2019 update
May 14, 2019
Given the complexity of the Nenskra project and its immense impact on indigenous Svan communities and the country’s fiscal stability, the EBRD should take responsibility and not provide financial support until the project is properly assessed. Read mor
Goldman winner to development banks: drop billion dollar Nenskra dam in Georgia
April 29, 2019
The 2019 winner of the Goldman Environmental Prize from Europe Ana Colovic Lesoska has today called on development banks – the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank and (ADB) the Asia Infrastructure Investment Bank (AIIB) – to drop their funding for the Nenskra hydropower project planned in Georgia’s Caucasus mountains.
Stop billion dollar Nenskra dam in Georgia
April 29, 2019
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