Despite being the biggest class of public finance institutions operating internationally, export credit agencies (ECAs) are rarely subject to any public scrutiny. European ECAs declare the compliance with the non-binding OECD Common Approaches standards, but it’s an insufficient benchmark for evaluating compliance with the EU’s External Action obligations as stated by the relevant EU Regulation.
In early August, Armenian protestors who had been blocking access continuously for the past two years to the controversial Amulsar gold mine were forcibly removed by the mine’s newly-hired security detail.
EIB keeps denying Southern Gas Corridor climate impact
August 4, 2020 | Read more
As it seeks to morph into the EU’s climate bank, the European Investment Bank (EIB) continues to downplay the climate footprint of many of the projects it finances, including that of Europe’s largest fossil fuels project, the Southern Gas Corridor.
Informing women is the first step to empowering them
August 3, 2020 | Read more
Evidence of meaningful implementation of the Gender Action Plan for EBRD and GCF’s Green Cities Framework – not found.
But will leaders take this opportunity to support a meaningful just transition?
The energy projects proposed by the Energy Community countries for priority status, including privileged access to public funds, have now passed the evaluation stage, expecting a final decision by the year’s end. On the bright side, at least two megalomaniac projects were dropped. On the dark one, the remaining projects floor the gas pedal.
