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Home > Archives for Finance and biodiversity

Finance and biodiversity

Uneven progress towards green recovery as EU members submit spending plans to access EUR 672 billion fund

April 28, 2021

Brussels – EU Member States that opened up their spending plans for the EUR 672 billion Recovery and Resilience Facility have made the most progress towards the aims of the European Green Deal, finds a new assessment of eight countries in central and eastern Europe.

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A case study on the Beli Kamen and Komalj hydropower plants on the Crni Rzav and Ribnica Rivers in Serbia

April 22, 2021

The small hydropower plants Beli Kamen and Komalj are built on the Crni Rzav and Ribnica Rivers of the Drina basin in western Serbia. Both plants are interconnected, as they use water from the same intakes and were financed by the European Investment B

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Opportunities for biodiversity and environment missed in Bulgarian recovery plan

April 15, 2021

Instead of reforms, the country plans to rehab an irrigation system that can potentially destroy wetlands, and without transparency and public dialogue, the plan cements business-as-usual. With a 30 April deadline for submitting national recovery plans approaching and recent parliamentary elections, the Bulgarian government is failing to propose reforms and measures for biodiversity, sustainable agriculture and low carbon economy. Instead, actions such as rehabilitating state-owned irrigation systems not only contradict national strategies but might damage valuable wetland habitats. A lack of transparency and public dialogue casts a further shadow on the process.

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Last chance for Member States to include biodiversity in recovery plans

April 12, 2021

Instead of proposing measures that protect nature, countries plan to spend recovery money on projects that jeopardise the EU’s biodiversity objectives. Countries can still reverse this worrying trend before it’s too late.

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Biodiversity forgotten in the Latvian recovery plan

April 8, 2021

There is less than one month left for Member States to submit their national recovery and resilience plans to the European Commission. Yet, the Latvian plan is still far from fulfilling the Commission’s requirements to allocate at least 37% of proposed measures to achieving climate objectives.

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Blagoevgradska Bistritsa hydropower cascade (Bulgaria)

March 30, 2021

The Blagoevgradska Bistritsa hydropower cascade in Bulgaria consists of eight small hydropower plants installed on pipelines that supply the town of Blagoevgrad with drinking water. The plants were developed by the private company Blagoevgradska Bistri

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Latest unambitious domino falls as Poland publishes plan for EU recovery fund

March 25, 2021

A lack of ambition, vision and delivery sums up the Polish national recovery and resilience plan that was released on 26 February. The fundamental flaw is that the plan provides no path for the country to reach neither the EU’s climate neutrality target by 2050 nor the much less ambitious targets outlined in the recent Poland’s Energy Policy 2040 (PEP2040), like reducing the share of coal in the electricity mix to 56 per cent.

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Nature ignored in European recovery funding, say campaign groups

March 18, 2021

Member States plan pitiful amounts of spending from the €672 billion Recovery and Resilience Facility (RRF) to protect and preserve nature, in spite of EU requirements and the generally poor state of biodiversity across the continent, say civil society groups ahead of Thursday’s meeting of European environmental ministers.

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The EU Recovery Funds: time to start properly investing in biodiversity and nature conservation

March 18, 2021

The state of nature is in crisis. A recent European Environmental Agency (EEA) report reveals that 81 per cent of habitats in Europe are in ‘poor condition’, and without swift action this dire situation will only become worse. We need systemic and wide

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Boskov most hydropower plant, North Macedonia

April 19, 2019

Boskov Most was one of 18 hydropower greenfield projects planned by the North Macedonian government in the Mavrovo National Park. After five years of campaigning, we convinced the European Bank for Reconstruction and Development about the folly of this project and to cancel its EUR 65 million loan. Without its major source of funding, the project lost steam and was discontinued.

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