Why the Bulgaria-Turkey gas deal could be a Russian Trojan horse
December 13, 2023
Promoted as a means to diversify gas sources, an agreement signed earlier this year by the Bulgarian government to import fossil gas from Turkey is only likely to provide a backdoor for Russian energy and undermine efforts to alleviate Europe’s dependence on fossil fuels
Crunch time for European development bank’s fossil fuel spending
December 12, 2023
The European Bank for Reconstruction and Development (EBRD) is set to decide the future of its energy investments right after the latest round of UN climate negotiations concludes this week. Its Executive Directors must heed the EU’s call for a fossil fuel subsidy phase-out
New EIB President Nadia Calviño must put people’s needs first
December 8, 2023
The new European Investment Bank (EIB) President Nadia Calviño must tap into the Bank’s green and social potential. She should direct the EIB to mobilise its resources to meet the fundamental needs of people and to assist with transforming our society into one that’s ecological and sustainable.
On 14 December 2023, the European Bank for Reconstruction and Development (EBRD) could decide to end all fossil fuel investments
December 7, 2023
Two days* after COP 28 is due to conclude, the board of directors of the EBRD, a multilateral development bank owned by 72 governments, will vote on its new Energy Sector Strategy. This policy will guide the Bank’s energy investments until 2028.
The EU and US are fossil-fooling the Western Balkans with gas How can the region cut to a clean future?
November 29, 2023
The Western Balkans’ energy transition is finally starting to pick up pace. But false solutions such as fossil gas threaten to divert resources and create new fossil-fuel lock-in. So why do the European Union (EU) and United States (US) continue to push such projects in the region and what can be done about it?
Amidst the climate crisis, European Commission green-lights new fossil gas projects in Poland and Croatia
November 22, 2023
Poland and Croatia are set to receive EUR 1.2 billion in EU recovery funds to expand liquefied gas (LNG) terminals and build new pipelines.
To keep homes warm in the Western Balkans, look beneath the surface
October 26, 2023
Geothermal energy as a sustainable source for district heating is gathering steam around the world. Many municipalities in the Western Balkans urgently need to break free from dirty and expensive fossil fuel-based heating. One little-known way of doing so is to tap the region’s geothermal potential lying right below their feet.
Montenegrin NGOs counter Varhelyi pledge on LNG terminal
October 24, 2023
27 civil society organisations have sent a joint letter to the European Commission President Ursula von der Leyen, (1) questioning a recent statement by Enlargement Commissioner Olivér Várhelyi that the EU would help Montenegro to build a liquified gas (LNG) terminal at the port of Bar (2), and calling on the EU not to support the project.
The Energy Sector Strategy 2024-2028 Must Mark the End of the EBRD’s Support to Fossil Fuels
October 23, 2023
As the European Bank for Reconstruction and Development (EBRD) is drafting its 2024-2028 Energy Sector Strategy, Bankwatch and 130 civil society groups from more than 40 countries released a joint statement urging the Bank to recommit to tackling the climate crisis.
Scaling up investments in the decarbonisation of district heating in Western Balkan communities
October 16, 2023
This report describes both the constraints facing primarily small and medium-sized communities in the region that wish to upgrade their district heating networks as well as the financial needs and potential in recalibrating financial streams to unlock a just and sustainable heating transition in the Western Balkans.
