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
EU-funded project launches to scale private investment in biodiversity
Bankwatch in the media | 10 July, 2024Dubbed Bio-Capital and funded under the Horizon Europe scheme, the project will run until Dec. 2027 and see the collaboration of 17 …
Read moreNGOs urge the EU to address biodiversity goals in its next budget
Bankwatch in the media | 9 July, 2024Prague-based CEE Bankwatch released a joint statement penned by several EU environmental NGOs, calling on governments not to leave aside …
Read moreActivists say Bosnian dam threatens river life and rafters
Bankwatch in the media | 26 June, 2024KONJIC, Bosnia, June 25 (Reuters) – Environmental activist Lejla Kusturica stood on the banks of Bosnia and Herzegovina’s Neretva river, …
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The Tisza–Túr reservoir: restoring habitats to help farmers adapt to floods and drought
Case study | 20 December, 2023 | Download PDFThis case study demonstrates the Tisza–Túr flood reservoir which uses controlled flooding and draining methods, and serves the dual purpose of preventing both floods and drought.
Lessons from the ground: application of the ‘do no significant harm’ principle under the Recovery and Resilience Facility
Briefing | 20 December, 2023 | Download PDFThis briefing outlines the key barriers preventing a more successful application of the ‘do no significant harm’ principle, based on ongoing experience under the Recovery and Resilience Facility, and provides recommendations for improvement.
The Upper Horizons complex, Bosnia and Herzegovina
Briefing | 18 December, 2023 | Download PDFThe Upper Horizons hydropower complex has been planned since the mid-20th century, and is planned to consist of three plants — Dabar, Nevesinje and Bileća — linked by a series of tunnels and channels. If completed, it would have a devastating impact on the karst ecosystems of eastern Herzegovina and beyond.
