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Home > Archives for Finance and biodiversity

Finance and biodiversity

Hydropower development in Georgia

March 25, 2013

Georgia plans to build a huge number of dams. Yet with 85 percent of electricity needs satisfied and exports not being taxed, these plans will rather benefit private investors than offering sustainable development for Georgia.

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Ombla hydropower plant, Croatia

February 29, 2012

An underground hydropower plant was planned in a natural habitat of global significance. The project’s assessments were plagued by oddities and could not be considered complete. Despite all of this, the EBRD initially approved a EUR 123 million loan. In May 2013, under increasing pressure from civil society groups, the EBRD eventually pulled out of the project.

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