Never mind the protected areas!
November 23, 2021
Hidden behind a financial intermediary, the EIB has supported the destruction of the Mojanska River in Montenegro. Yet local inspectors claim nothing is wrong. Will the EIB now take corrective action?
In October Bulgaria’s Maritsa East Mines celebrated a record 1 622 556 tonnes of lignite extracted
November 18, 2021
In October Bulgaria’s Maritsa East Mines celebrated a record 1 622 556 tonnes of lignite extracted. Rising gas and electricity prices at …
Major setback on transparency at the EIB
November 18, 2021
Yesterday, the European Investment Bank (EIB) – the financial arm of the EU – approved a new Transparency Policy that will allow the bank to keep hiding information on projects it finances despite their potential impacts on people and the environment.
At Bulgarian coal mine, a climate and human rights crisis unfolds
November 18, 2021
People abandoned at the edge of Bulgaria’s largest coal basin expect accountability from the multilateral development bank that financed the mine expansion.
Updated Renewable Energy Directive needs built-in biodiversity protection
November 17, 2021
A higher EU renewable energy target may help reduce greenhouse gases, but could also accelerate the biodiversity crisis if not properly managed. To prevent this, support schemes for renewables must be explicitly tied to compliance with EU environmental law.
Will EU stop its investment bank hiding a third of its lending?
November 16, 2021
The European Investment Bank (EIB) is not even willing to commit to matching its peers – the European Bank for Reconstruction and …
Want to make cities climate neutral? Engage residents!
November 11, 2021
As multilateral development banks and national governments in Glasgow debate how cities should reach climate neutrality, they should not overlook the role of effective citizen participation in shaping cities’ future. Activists from Kyiv who successfully fought to protect unique wetlands are an example of how important it is to involve citizens in creating a better future.
EBRD Accountability Mechanism starts a compliance assessment of MHP projects
November 10, 2021
The review is an independent investigation aimed to determine if the Bank has complied with its environmental and social policies in relation to the MHP projects
The EIB cannot become a ‘climate leader’ while failing on transparency
November 10, 2021
The European Investment Bank (EIB) – the financial arm of the EU – is about to approve a new Transparency Policy that will allow the bank to keep hiding information on projects it considers to finance despite their potential impacts on people and the environment.
Unsolved problems of the North-South Corridor (Kvesheti-Kobi) Road Project
November 1, 2021
The North-South Corridor (Kvesheti-Kobi) Road Project is planned to be realized in Georgia. The 23-kilometre Kvesheti-Kobi Road Project is a new section of the North-South Corridor. The construction will impact the Khada Valley, also known as ‘the plac