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
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
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.
Latest news
Flood impacts kept secret by hydropower plant constructor in Georgia
Blog entry | 6 October, 2014Georgian Urban Energy (GUE), the company in charge of constructing the Paravani hydropower plant (HPP), has been keeping secret a study on the potential flooding risks associated with the facility, despite requests and promises from the EBRD that such an analysis would be made public.
Read moreSecond fatal landslide in Georgian Dariali valley
Blog entry | 22 August, 2014While likely not the cause, the EBRD-financed Dariali hydropower plant is being constructed without proper assessment or mitigation of known geological risks. The construction must be halted to avoid further damage.
Read moreWill Georgia go green after EU association agreement?
Blog entry | 26 June, 2014On Friday Georgia will sign an association agreement with the European Union, meaning that our country will start cooperating more closely with the EU and even implement more European legislation. This is good news, particularly when it comes to the environment.
Read moreRelated publications
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
Joint Statement On the Expansion of the Emerald Network in Countries of the Western Balkans by scientists and representatives of NGOs
Statement | 13 February, 2023 | Download PDFIn early December 2022, 39 scientists and representatives of NGOs from Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Germany, Greece, Montenegro, North Macedonia, Serbia and Switzerland joined efforts to prepare a shadow list and a map o
Biodiversity on the brink: What’s holding back financing for nature in the EU?
Report | 7 February, 2023 | Download PDFThis report provides insights into a number of significant barriers at the national level to financing nature restoration and conservation measures, such as authorities’ lack of knowledge about what constitutes biodiversity, insufficient collaboration between actors and excessively restrictive funding criteria. It also includes recommendations for both the EU and national levels.
