The European Investment Bank (EIB) made history with its decision to stop financing fossil fuel energy from 2022 onwards. By adopting the PATH Framework in October 2021, it seemed the EIB had finally set the conditions requiring its clients to disclose information on their corporate-level emissions, as well as decarbonisation plans. But a year later, it made a U-turn.
Using EU funds, the Czech government plans to provide EUR 114 million for the expansion of the Transalpine (TAL) oil pipeline, which links the Italian port of Trieste with refineries in Austria, Germany and the Czech Republic. The project raises concerns about its compliance with EU legislation as well as its environmental and economic sustainability.
The Estonian government is considering pumping money into controversial nuclear power. Instead, it should strengthen its efforts to ensure a resilient, fully renewable and decentralised energy infrastructure.
In February and March 2023, our environmental organisation Za Zemiata (Friends of the Earth – Bulgaria) organised several meetings in Stara Zagora and Galabovo in south-central Bulgaria dedicated to just energy transition and the development opportunities it offers the region. Our main aim was to involve local stakeholders whose voices have thus far been ignored. Participants included representatives of civil society, members of small and medium-sized enterprises and academics from Trakia University in Stara Zagora. Unfortunately, despite efforts to foster dialogue between business, civil society, academia and the institutions, the absence of the municipality, which was invited to attend the meetings, was notable.
After years of hydropower-related controversies, Kosovo’s long-awaited new Energy Strategy confirms that the government does not support new development in the sector, due to its environmental impacts. It also sends promising signals on carbon pricing and solar and wind development. Still, the country needs to avoid wasting money on coal and gas.
The European Bank for Reconstruction and Development is providing funding to Tbilisi City Hall to purchase metro cars for the Georgian capital’s metro system from Russian company Metrowagonmash. But Metrowagonmash is not just any Russian company.
