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.
Stay informed
We provide updates in English from the Balkans and other coal regions.
IN FOCUS
Fossil gas
Fossil gas is the new coal. Although often labelled ‘natural,’ fossil gas is a major driver of the climate crisis. There is no more room for new investments in fossil gas projects if we are to avert the worst impacts of the climate crisis and set a path towards decarbonisation.
District heating
District heating and individual heating are still dominated by fossil fuels and inefficient burning of wood without regard to sustainability criteria, in combination with a low degree of energy efficiency. This has to change, since heating plays a crucial role in the transition into a clean and zero-carbon economy.
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.
Documentary: Turning the Tide
Our documentary exposes, for the first time, the extent of financial support four of the world’s leading multilateral development banks (MDBs) – the World Bank, the European Investment Bank, the Asian Development Bank and the European Bank for Reconstruction and Development – have been providing to the global fossil fuels industry over the past 13 years.
Our analysis shows that since 2008, the oil, coal and gas business has been enjoying no less than EUR 81.5 billion in support from these government-owned financial institutions in the form of loans, grants, credit lines and guarantees.
Coal projects
Rovinari unit 7, Romania
CANCELLED: 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 and Herzegovina has been around for years, but in November 2017 it took a step forward with the signing of a Memorandum of Understanding between Energy China International and the construction supplier Lager d.o.o. for a 2 x 215 MW plant.
Latest news
Dubious COVID help: who keeps an eye on Czech state guarantees to big companies?
Blog entry | 26 May, 2022The Czech state-owned insurance company EGAP has secured a loan of CZK 2 billion from state COVID aid for Liberty Ostrava that is closely connected to Greensil, a company plagued by a corruption scandal.
Read moreSustainable heating is already reality in the EU. Now it’s the Western Balkans’ turn
Blog entry | 16 May, 2022In the Western Balkans, heating based on fossil fuels is making air pollution worse and is also the source of half of greenhouse gas emissions. Sustainable and affordable heating systems based on renewables are no fantasy. They operate successfully in other parts of Europe, and can be implemented in the Western Balkans if decision makers start acting now.
Read moreΠαγκόσμια πορεία υψηλής αβεβαιότητας και διακινδύνευσης
Bankwatch in the media | 16 May, 2022Η πραγματικότητα, που βιώνουν οι σύγχρονες κοινωνίες, αποτελεί την καλύτερη αποτύπωση των συνθηκών, που δημιουργούνται
Read moreRelated publications
District heating case studies
Case studies | 17 May, 2022 |Three case studies on district heating in Dronninglund, Denmark; Marstal, Denmark; and Vienna, Austria provide innovative solutions to successfully decarbonise district heating. These can inspire similar action in other locations across central and eastern Europe.
Comments to (the Romanian language version of) the Spatial Plan of the Republic of Serbia 2021-2035 and to the “Developers’ position on the comments of the neighbouring states”
Policy comments | 12 May, 2022 | Download PDFSerbia consulted its neighbour, Romania, about the transboundary environmental impact of its national Spatial Plan, supposed to cover the period between 2021 (!) and 2035. This time, with the text of the Spatial Plan in the language of the potentially affected public, i.e. Romanian, as required by the Espoo Convention. Bankwatch Romania submitted written input, highlighting, among others, that the so-called “gradual decarbonisation” mentioned in the Spatial Plan consists in reality of only 2GW additional installed capacity in wind electricity but of 4GW in new lignite and fossil gas capacity. Bankwatch Romania called for a revision of the Plan, which would account for a genuine decarbonisation in line with the Green Agenda goals, which means abandoning new lignite infrastructure plans.
The state of youth engagement in the implementation of the EU Just Transition Mechanism
Report | 6 May, 2022 | Download PDFThis report provides an overview of the political youth engagement activities for the development of Territorial Just Transition Plans of twelve EU Member States.
