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Home > Archives for Finance and biodiversity

Finance and biodiversity

Jedinom projektu MHE u Vojvodini ukinuta dozvola za gradnju

February 5, 2022

Mini hidroelektrana na kanalu Jaruga na reci Neri u Banatu neće biti završena, a konačnu odluku o ukidanju građevinske dozvole potvrdilo je …

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Major blow to Bosnia hydropower project as Germany’s KfW drops financing plans

January 28, 2022

German development bank KfW has today confirmed that it is dropping plans to finance the controversial Janjići hydropower plant on the river Bosna in Bosnia and Herzegovina. 

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New complaint on hidden EIB hydropower financing in Serbia shows need for tighter standards

January 27, 2022

As the EIB prepares to adopt a new environmental and social policy next week, an NGO complaint to the Bank’s Complaint Mechanism shows why the Bank’s standards for financial intermediaries urgently need to be tightened.

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Buk Bijela dam and the Upper Drina cascade

December 13, 2021

Buk Bijela is one of 14 dams planned on the upper Drina and its tributaries. It would block the migration of the majestic Danube salmon and damage local rafting tourism. Its development has been marked by a series of legal violations.

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Tashlyk pumped storage plant, Ukraine

December 7, 2021

The Tashlyk pumped storage plant is a massive hydropower project. Its operation extends to protected areas with peculiar microclimate features that are rich in biodiversity and endemic flora. These unique landscapes create a spectacular tourist attraction. The territory is also of great historical and archaeological significance. However, all of this would be flooded if the Tashlyk pumped storage plant expansion project is completed.

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Finance and biodiversity

December 7, 2021

A clash is raging between nature and finance. On the one hand, the EU is striving to improve the deteriorating state of nature across Europe, with initiatives like the Biodiversity Strategy 2030 and the Nature Restoration Law. On the other, massive amo

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EU funds should never harm nature, climate or the environment Statement of the Green 10 on the ‘do no significant harm’ principle

November 18, 2021

This statement, written together with the Green 10 and EuroNatur, outlines our main concerns about the application of the ‘do no significant harm’ principle to EU public funds. The EU intends to expand the application of this principle to a variety of

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Bulgarian recovery plan improves after six-month impasse

November 5, 2021

After a six-month delay and three revisions, the EUR 6.6 billion Bulgarian national recovery and resilience plan has finally been submitted to the European Commission. Although this delay postpones its implementation, the plan is markedly improved particularly in terms of biodiversity protection, following dialogue between environmental groups and the authorities. The process shows the key role public participation can play in delivering a green recovery.

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Public money vs. pristine rivers

October 21, 2021

As the EIB revises its Environmental and Social Standards, this report presents eight hydropower schemes in central and eastern Europe either financed or under consideration by the Bank. The projects – some financed directly and others via intermediari

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When Nature Shows the Way: supporting biodiversity for Europe’s green recovery

July 14, 2021

Biodiversity loss and climate change are the biggest environmental threats we face today. To address such crises, the EU has set in place a series of climate and environmental objectives as part of the European Green Deal. However, in order to achieve

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