The economic viability of coal is ever decreasing. Without public financial support many coal investments are doomed to fail. Yet several institutions are still willing to finance an energy source that wrecks our climate, damages our health and wastes our money.
To help bring about a world beyond coal, we investigate and promote a socially responsible transition while exposing the economic, legal, social and environmental risks of coal power.
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We provide updates in English from the Balkans and other coal regions.
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Just transition
No one should be left behind when we reconstruct our world into one driven by clean energy. Working on just transition brings all actors who believe in fair regional redevelopment to the same table: unions, industry, public administration, governments, civil society and others sharing this goal.
Coal projects
Rovinari unit 7, Romania
The Romanian Government has been negotiating for several years with the Chinese Government to build a new 600 MW unit at the lignite power plant in Rovinari, Gorj County. The new unit would be built on the site of Units 1 and 2, currently decommissioned. A new up and running plant would pollute the whole region for at least 40 more years, a coal plant’s average lifespan.
Gacko II, Bosnia and Herzegovina
State-owned utility Elektroprivreda Republike Srpske, together with China Machinery and Engineering Corporation (CMEC) and Emerging Markets Power Fund, plans to build a new 350 MW lignite power plant in Gacko, near the town’s existing plant, and in December 2017 a Memorandum of Understanding was signed to move the project forward.
Kamengrad lignite power plant, Bosnia-Herzegovina
An idea to build a power plant at the open-cast Kamengrad coal mine near Sanski Most in the Federation of Bosnia-Herzegovina has been around for years, but in 2017 it took a step forward with the November signing of a Memorandum of Understanding between Energy China International and the Bosnia-Herzegovina construction supplier Lager d.o.o. for a 2 X 215 MW plant.
Latest news
EBRD – still fixated on gas despite IPCC warnings
Blog entry | 15 October, 2018In its new draft strategy for the energy sector, meant to guide the bank’s lending between 2019-2023, the EBRD gives too much prominence to gas as a so-called “bridging fuel” on the way to decarbonisation – much more prominence than is given to energy savings and even to sustainable renewables.
Read moreRomania ‘gave illegal permits’ to own energy firm
Bankwatch in the media | 12 October, 2018The Oltenia Energy Complex took over people’s land, mined lignite and increased coal production despite state climate action pledges. Source: Romania ‘gave illegal permits’ to own energy firm
Read moreEuropean development money ‘helps sustain fossil fuel firms’
Bankwatch in the media | 9 October, 2018Five of Europe’s biggest climate offenders continue to enjoy billions of euros in public funds, according to a Bankwatch report Source: European development money ‘helps sustain fossil fuel firms’
Read moreRelated publications
How can the EBRD maximise its leverage to bring about decarbonisation?
Briefing | 19 June, 2018 | Download PDFThe economic viability of coal is ever decreasing. Without public financial support many coal investments are doomed to fail. Yet several institutions are still willing to finance an energy source that wrecks our climate, damages our health and wastes …
The European Commission’s platform for coal regions in transition: case studies highlight tilt toward coal companies
Briefing | 5 June, 2018 | Download PDFWithout adhering to the partnership principle, the Platform for Coal Regions in Transition risks benefiting coal companies at the expense of local communities, in blatant contradiction to its stated goal. In Poland and Slovakia, lack of transparency an …
EPS restructuring loan
Briefing | 10 May, 2018 | Download PDFDespite its commitments to increase the share of renewables under the Energy Community and reduce greenhouse gas emissions within the process of EU accession, the Serbian government seems determined to remain locked-in to a carbon intensive energy syst …
