A clash is raging between nature and finance. On the one hand, the EU is striving to improve the deteriorating state of nature across Europe, with initiatives like the Biodiversity Strategy 2030 and the European Green Deal. On the other, massive amounts of public money continue to flow to infrastructure projects with devastating impacts on the natural world. Our work where finance meets the natural world advocates for adequate protection and restoration projects to ensure a green future for all.
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Rivers and communities
The countries of the Energy Community Treaty have diverse energy mixes, but hydropower has traditionally played a strong role in many of them. Albania is almost completely reliant on dams for its domestic electricity generation, followed by Georgia with an average of 80 per cent of electricity generated by hydropower and Montenegro with an average of 55 per cent.
EU funds and biodiversity
In May 2020, EU leaders committed to an ambitious Biodiversity Strategy for 2030, outlining the clear need to act on biodiversity loss and address the failing health of nature.
Discussions are now underway to agree on a new EU budget which will run from 2027 to 2034. This represents a golden opportunity to improve biodiversity spending to achieve the objectives of the biodiversity strategy in full.
As well as addressing the biodiversity crisis, strategically supporting nature through EU funds is also one of the most effective ways to tackle climate change, while providing jobs and improved health at the same time.
Yet, with many of the previous strategy’s objectives left unachieved, the pressure now mounts for this decade. Never before has there been so much potential – and urgency – to use EU funds and investments to address the biodiversity crisis.
Related projects
Free-flowing rivers in Central Asia
Central Asian rivers are under threat from hundreds of new hydropower plants. We have created a map of the key rivers in the region that need urgent protection and are calling on the development banks to stop their destruction.
Emerald Network in the Western Balkans
Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia are required to establish a sufficient number of Emerald Network sites as signatories to the Bern Convention. However, since 2011, not a single new site has been proposed and many stunning rivers remain unprotected. The #EmeraldForRivers campaign aims to support governments in expanding the Emerald Network.
Turnu Măgurele – Nikopol Hydraulic Structures Assembly on the Danube river, Romania and Bulgaria
The project, if built, would not only devastate critical habitats, leading to the potential extinction of species such as the Danube sturgeons, but also displace local communities, disrupt existing investments, and violate several EU environmental directives.
Latest news
The Georgian Road to Russia: when everything goes south
Blog entry | 3 August, 2023The 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?
Read moreChinese-built Dabar hydropower plant in Bosnia and Herzegovina set to destroy four Emerald and two Ramsar sites
Blog entry | 31 July, 2023If completed, the EUR 338 million project would violate a Recommendation of the Bern Convention No. 217 (2022) and leave tributaries of the Neretva river without water. People living in the Nevesinjsko karst field oppose resettlement and flooding of their houses and land.
Read moreAdriatic Metals’ ruthless mining: How can the EBRD help improve its clients’ practices when it doesn’t follow its own standards?
Blog entry | 27 July, 2023The 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.
Read moreRelated publications
Dispute resolution agreement on Zarafshan wind project
Official document | 3 December, 2025 | Download PDFA dispute resolution agreement was signed by CEE Bankwatch Network and Shamol Zarafshan Energy Foreign Enterprise LLC in October 2025. The agreement is the result of a year-and-a-half-long dispute resolution process supported by the Compliance Advisory
Inclusion of the Habitats, Birds and Water Framework Directives in the Energy Community Treaty: An urgent imperative
Briefing | 1 December, 2025 | Download PDFThis briefing explains why the Birds Directive, Habitats Directive and Water Framework Directive need to be included in the Energy Community Treaty.
Cutting off the branch we’re sitting on: Urgent course correction needed on EU biodiversity financing to secure the EU’s natural resilience
Report | 31 October, 2025 | Download PDFHalfway through the implementation period of the EU Biodiversity Strategy for 2030, evidence is mounting that the EU and its Member States are not on track to fulfil their commitments.
