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
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.
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.
Latest news
Court cancels environmental permit for Buk Bijela hydropower plant
Bankwatch in the media | 30 May, 2019The Banja Luka District Court has canceled the environmental permit for the planned 93 MW Buk Bijela hydropower plant on the river Drina in Bosnia and Herzegovina, the Aarhus Resource Center in Sarajevo has announced today, following the court’s positive 13 May ruling on the Center’s complaint, CEE Bankwatch Network said in a press release. Court cancels environmental permit for Buk Bijela hydropower plant
Read moreBosnia-Herzegovina: Environmental permit for Buk Bijela hydropower plant cancelled
Press release | 30 May, 2019The Banja Luka District Court has cancelled the environmental permit for the planned 93 MW Buk Bijela hydropower plant on the river Drina in Bosnia-Herzegovina, the Aarhus Resource Center in Sarajevo has announced today, following the court’s positive 13 May ruling on the Center’s complaint.
Read moreSpeaking to IFIs may be only way for environmental activists to convey message to right address
Bankwatch in the media | 21 May, 2019Ana Colovic Lesoska, executive director at the Center for environmental research and information Eko-svest from Skopje, is one of six winners of the 2019 Goldman Environmental Prize, a first for the prestigious award to go to North Macedonia.Source: Sp
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Report | 18 July, 2024 | Download PDFThis report, through a series of case studies, analyses how the ‘do no significant harm’ principle has been applied in various EU Member States.
Unlocking funds for nature: How the next EU budget must deliver for biodiversity
Joint statement | 9 July, 2024 | Download PDFThis joint statement offers three policy proposals to improve EU biodiversity financing.
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.