Romania’s fossil fuel-driven district heating plans are holding back a sustainable energy transition
August 23, 2023
A measure intended to replace Romania’s coal-fired plants with highly efficient combined heat and power (CHP) for use in district heating systems is slated for funding under Romania’s national recovery and resilience plan.
Bulgarian government’s Black Sea gas ambitions: a dangerous distraction from a just energy transition
August 8, 2023
In stark contradiction with the urgent need and ambitious measures taken to end Europe’s dependence on fossil fuels, the Bulgarian government is working to join a fossil gas prospecting project in the Black Sea.
Cutting off the pipeline from REPowerEU to the fossil gas industry
July 27, 2023
In May 2022, the European Commission, in response to the energy crisis, launched the REPowerEU plan – a set of measures aimed at ending the EU’s dependence on Russian fossil fuel imports by 2027. The plan emphasises the diversification of gas and oil supply sources, the replacement of fossil fuels with renewable energy sources by accelerating Europe’s clean energy transition, and the reduction of energy consumption, primarily gas, in the EU. Yet despite its ambitious scope, the plan excessively prioritises the interests of the fossil fuel industry.
Three governments are seeking EU money to deepen fossil gas dependence under the guise of energy emergency
July 27, 2023
Although the EU has managed to brave the energy emergency triggered by Russia’s assault on Ukraine, a Bankwatch report released today reveals that the Polish, Croatian and Bulgarian governments are still seeking at least EUR 1.5 billion in EU public money to build new fossil gas infrastructure under the guise of an emergency response.
Bosnia and Herzegovina’s draft NECP: The good, the bad and the ugly
July 20, 2023
Bosnia and Herzegovina’s draft NECP finally looks to the future, plans no new fossil fuel power plants and significantly scales back unrealistic hydropower plans. But existing coal plants are to keep operating illegally and the draft is furtive about coal-to-biomass plans.
Serbia’s draft NECP: What is the actual plan?
July 17, 2023
Serbia’s draft National Energy and Climate Plan is currently on public consultation until 28 July. But despite some positive measures, it raises more questions than it answers.
Hydrogen in the EIB’s reviewed energy lending policy
June 28, 2023
As the EIB reviews its Energy Lending Policy, Bankwatch and 33 other civil society groups, sent a joint letter o EIB Vice Presidents, to voice our concern about the over-emphasis on hydrogen which risks, among others, diverting renewable energy capacity – existing and planned – from the electricity grid and into the production of hydrogen for sectors that might not be playing a significant role in the energy transition.
New report – deadly legal breaches by Western Balkan coal plants increased in 2022
June 28, 2023
In 2022, deadly air pollution from the Western Balkans’ coal power plants increased compared to 2021, according to the fifth edition of Bankwatch’s Comply or Close report, published today (1). Emissions of all three regulated pollutants – sulphur dioxide (SO2), dust and nitrogen oxides (NOx) grew, and for the first time, the region’s overall limit for NOx was breached.
Serbia: Complaints over illegal operation of Morava coal power plant
June 23, 2023
A complaint by the Renewables and Environmental Regulatory Institute (RERI) and CEE Bankwatch Network (1) challenging Serbia’s failure to comply with pollution control rules under the Energy Community Treaty was recorded yesterday by the the Energy Community Secretariat in Vienna (2).
Green light for major Black Sea gas project will accelerate the climate crisis
June 21, 2023
Romania’s OMV-Petrom announced today its final investment decision on the Neptun Deep fossil gas project in the Black Sea. If built, this massive offshore development could be the final nail in the coffin for Romania’s—and the EU’s—commitments to stem the climate crisis.
