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.
The historic amount of EU funds now available represents a golden opportunity to increase biodiversity spending and fully realise the objectives of the biodiversity strategy.
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
Upper Horizons hydropower scheme, Bosnia and Herzegovina
A series of dams, diversion tunnels, hydropower plants and channels will completely change the natural hydrology of eastern Herzegovina and have unpredictable impacts on wetlands, rivers and underground karst.
Ulog and Upper Neretva hydropower plants, Bosnia and Herzegovina
A 35 MW hydropower plant is currently under construction on a pristine section of the Neretva river at Ulog. Seven more plants are also planned further upstream.
Skavica hydropower plant, Albania
Instead of increasing its energy security, Albania is pushing the construction of yet more hydropower. The Skavica project may flood several villages, displace thousands of people and bring the Balkan lynx to extinction
Latest news
In Georgia, locals voice opposition to mega dam during consultations despite intimidation
Press release | 17 September, 2013Khaishi – A public debate over the fate of the Khudoni dam in western Georgia turned tense today as locals opposing the project were intimidated by authorities and the project developer, Transelectrica LTD. Despite the threats, villagers in Khaishi turned out in significant numbers to the consultation to express their opposition to the project.
Read moreA tale of neglect: Energy finance figures from the Western Balkans
Blog entry | 25 June, 2013The neglect by international financial institutions of the Western Balkans sustainable energy potential will cost the region’s public heavily for years to come. Figures collected in a new study illustrate how the different international lenders perform in the region.
Read moreDevelopment banks energy investments jeopardise the ability of Balkan accession countries to meet EU energy and climate targets, says new report
Press release | 25 June, 2013Brussels, Belgium – Heavy investments in fossil fuels by international financial institutions (IFIs) in the Western Balkans are hindering these countries’ compliance with EU accession requirements, finds a new report – “Invest in Haste, Repent at Leisure” – from civil society organizations CEE Bankwatch Network, SEE Change Net and WWF, created as part of the SEE SEP (South East Europe Sustainable Energy Policy) programme.
Read moreRelated publications
Joint civil society letter to the European Commission on the RED Recommendation
Letter | 25 June, 2024 | Download PDFIn this letter, 40 civil society organisations urge the European Commission to revise ill-advised plans to undermine nature protection rules for renewable energy projects under the Energy Community Treaty.
Why and how the European Bank for Reconstruction and Development must improve its biodiversity standards
Briefing | 24 June, 2024 | Download PDFThe EBRD’s Environmental and Social Policy is now undergoing revision and it needs not only to maintain the EBRD’s practices with regard to biodiversity, but also to significantly improve them.
Joint civil society comments on the EBRD biodiversity standards (ESR 6)
Policy comments | 29 May, 2024 | Download PDFAhead of the EBRD’s Annual Meeting, 12 civil society organisations submitted their collective input on the revised draft of the EBRD’s Environmental and Social Policy, focusing on standards related to biodiversity conservation and sustainable management of living natural resources.