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Home > Archives for Finance and biodiversity

Finance and biodiversity

Court annuls environmental permit for Drina hydropower project

May 2, 2024

Photo: fotos1992 from Pixabay

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Bern Convention: Skavica dam in Albania contradicts the Balkan Lynx Recovery Programme

April 24, 2024

The Bureau of the Convention recently accepted a new complaint and urged the Albanian authorities to not develop projects which may negatively affect habitats and species.

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Clearcutting chaos: A bumpy ride for Estonia’s conservation areas

April 15, 2024

Rail Baltica, the ambitious railway project set to connect the Baltic states of Estonia, Latvia, and Lithuania as part of Europe’s modern rail network, promises to boost regional development and integration. However, despite assurances of habitat protection and compensation measures during the construction of Rail Baltica, recent revelations on clearcutting in protected areas have exposed longstanding issues with Estonian forests. The case also highlights the broader challenges faced by nature when economic development takes precedence and the need for proper environmental safeguards against economic interests.

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The Corridor Vc motorway in Bosnia and Herzegovina: A decisive test for EU standards

April 5, 2024

Based on a March 2024 site visit, this report examines two planned sections of the motorway– from Mostar South to the Kvanj Tunnel and from Konjic to Mostar, through the iconic Prenj mountain. It presents updated findings and underlines that it is crucial for the European Commission, EIB and EBRD to ensure that the route south of Mostar and via Prenj is re-examined and publicly consulted if they want to avoid many more years of delay. 

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Led by nature: Projects to protect and restore biodiversity in Europe

March 22, 2024

These case studies from several European Member States demonstrate some of the many ways EU funds can and should be used to support nature restoration and conservation projects, which are instrumental to addressing the biodiversity crisis across sectors while also building a greener, fairer future.    

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Beyond profit: How to reshape the European Green Deal for people’s well-being

March 12, 2024

This searing report by the Citizens’ Observatory on Green Deal Financing analyses key EU funding mechanisms and exposes significant shortcomings in strategic priorities and implementation.  

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Beyond profit: Launch of report on EU’s green finance challenges

March 12, 2024

Ahead of the upcoming EU elections, uncertainty surrounds the financing of the EU’s climate agenda and the future of flagship initiatives such as the European Green Deal and the NextGenerationEU fund. Despite ambitious intentions, progress on environmental sustainability and economic recovery is failing to improve people’s well-being, according to a new report by the Citizens’ Observatory on Green Deal Financing. 

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Environmental groups urge European Commission to speed up nature safeguards in the Western Balkans, Ukraine, Georgia and Moldova

February 23, 2024

The EU must accelerate plans to strengthen nature protection rules for energy infrastructure development under the Energy Community Treaty (1), 36 civil society organisations today urged the EU Commissioner for Environment, Virginijus Sinkevičius, in a joint letter.

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Needs and priorities for biodiversity funding: a comparative analysis of Latvia and Estonia

February 22, 2024

This briefing provides an overview of the priorities for national biodiversity needs in Latvia and Estonia.

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Halfway there but facing a mid-life crisis: why the EU’s recovery fund is failing to deliver

February 21, 2024

The European Commission’s mid-term evaluation of the Recovery and Resilience Facility, published today, delivers an overly positive assessment. According to CEE Bankwatch Network, the EU’s landmark fund, which was expected to bring about a ‘green recovery’, still faces numerous implementation challenges.

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