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.
IN FOCUS
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
Komarnica hydropower plant, Montenegro
Planned by Montenegro’s state-owned electricity utility EPCG, the need for the Komarnica hydropower plant has never been proven.
EU funds and biodiversity
Nature is in crisis. 81 per cent of habitats in the EU are in ‘poor condition’, and without swift action this will only become worse. We need systemic and wide-reaching action and investments to tackle biodiversity loss and help restore nature before it is too late. The EU has pledged 120 billion of the EU budget to be earmarked for biodiversity by 2026, offering enormous potential to restore and protect nature, providing this is properly invested. We are therefore campaigning to ensure these public funds work for – not against – nature.
Buk Bijela dam and the Upper Drina cascade
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.
Latest news
Skavica mega dam: Albanian court to scrutinise special law for U.S. contractor Bechtel
Press release | 21 September, 2023Nature conservation and human rights organisations have secured an important first milestone in the fight against the planned 210 MW Skavica hydropower plant in the Albanian municipalities of Kukës and Dibër.
Read moreRenewables boost much-needed, but weakening of environmental safeguards inexcusable
Press release | 12 September, 2023The European Parliament plenary today approved an updated Renewable Energy Directive setting a new renewable target of 42.5 per cent by 2030. The changes give a much-needed boost to small-scale solar and heat pumps, but undermine existing environmental legislation. Some renewables will be allowed to skip crucial environmental assessments and more damaging projects will be allowed in the EU’s protected natural areas.
Read moreThe 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 moreRelated publications
Renewable energy permitting in Bosnia and Herzegovina: how to optimise the process while safeguarding the environment and public participation
Briefing | 25 July, 2023 | Download PDFThis analysis begins with an overview of the permits required for building renewable energy facilities in the two entities of Bosnia and Herzegovina: the Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS).
No recovery without citizens: why public involvement is key to Europe’s green transformation
Report | 20 June, 2023 | Download PDFThe report has been written in the frame of the Citizens Observatory for Green Deal Financing project. It brings together the direct experience of nine different civil society organisations and includes seven individual case studies providing information from the ground.
Position paper for EU Member States on applying Council Regulation (EU) 2022/2577 to accelerate the deployment of renewable energy
Position paper | 27 February, 2023 | Download PDFCouncil Regulation (EU) 2022/2577 of 22 December 2022 rightly aims to accelerate the deployment of renewable energy. But although it contains some useful provisions, it raises serious concerns about the legal basis used for its adoption, the extent to
