EBRD – still fixated on gas despite IPCC warnings
October 15, 2018 | Read more
In its new draft strategy for the energy sector, meant to guide the bank’s lending between 2019-2023, the EBRD gives too much prominence to gas as a so-called “bridging fuel” on the way to decarbonisation – much more prominence than is given to energy savings and even to sustainable renewables.
Open letter to ministers regarding the EU Budget
October 10, 2018 | Read more
This letter was sent to EU ministers ahead of the General Affairs Council regarding the Multiannual Financial Framework after 2020.
The complaints mechanism at the EIB – usable but useless?
October 8, 2018 | Read more
Nearly three years after first announcing it, the European Investment Bank (EIB) has finally presented a new vision for the bank’s complaints mechanism, the body responsible for grievances related to EIB projects and policies.
European public banks continue financing coal bonanza
October 1, 2018 | Read more
The EIB and EBRD have been channelling billions of euros in public money to fossil fuels dependent companies, hampering the international community’s efforts to tackle climate change.
More efforts from the EBRD required to mainstream gender in Kyrgyzstan
September 26, 2018 | Read more
It appears the EBRD funds are prioritised on the first-need service basis rather than the long-term strategy goals identified by the EBRD in both the public transportation and water sectors.
In 2012, almost one hundred permits were issued to Oltenia Energy Complex (OEC), allowing the company to cut down hectares of forest to make way for coal mines. The permits were issued illegally, however, as Bankwatch Romania proved in court over the past six years. After many lawsuits and complaints to the relevant authorities, a sign of progress came this summer when the Romanian Ministry for Environment informed criminal investigation bodies about this situation.
