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EU urged to honour Paris Agreement, withdraw support for gas mega-pipeline

Brussels, Belgium -- In an open letter released today, climate scientists, indigenous leaders, environmental and social justice groups, actors and artists call on the European Union to immediately withdraw its support for a gas mega-pipeline that would ‘destroy Europe’s climate targets’.

People's movements and civil society dismayed at AIIB Energy Sector Strategy

JEJU, SOUTH KOREA. Grassroots movements, non-government organizations and civil society networks across Asia and the rest of the world expressed “strong disappointment and disagreement” today to the Energy Sector Strategy of the Asian Infrastructure Investment Bank (AIIB), which is holding its 2nd Annual Board of Governors Meeting in Jeju, South Korea.

Investment Plan for Europe more climate friendly, but European Parliament shows little ambition

Today in Strasburg, the European Parliament lead committees have brought the European Fund for Strategic Investments (EFSI) closer to compliance with the Paris Climate Agreement. However, they have once again fallen short of eliminating fossil fuel subsidies, which stand in the way of climate action.

Italian authorities overrun communities in a bid to enable Europe's dash for gas

In a last minute attempt to force facts on the ground, the Italian authorities have enabled the removal of a group of olive trees to make room for a future construction site of the Trans-Adriatic Pipeline (TAP), despite an earlier agreement between the company and local institutions. Nevertheless, the company has not been able to clear the site by the official deadline and the residents have vowed to step up their protest against the largest energy project the EU is currently pursuing.

Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement

A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project.

Support to fossil fuel projects from the European Fund for Strategic Investments (EFSI)

In September 2016 the European Commission published its proposal for the prolongation of the EFSI until 2020, to be achieved by amending the existing regulation. We welcome several improvements, but are concerned that they fall short of properly tackling the challenges and shortcomings identified, namely to provide additionality and catalyse the unambiguous move to reduce GHG reductions. On the basis of our in depth report Best Laid Plans, which analysed the 93 projects approved until July 2016 and further analysis of the EFSI entire portfolio till the end of 2016 under the Infrastructure and Innovation Window (IIW), we consider that the EFSI regulation needs considerable improvements in the energy area.


Juncker investment plan: deep reforms necessary for sustainable future

Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today

Republika Srpska’s 300 MW Stanari TPP Starts Commercial Operation

Source: Tanja Srnovršnik Volarič, Energetika.net

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Southern Gas Corridor under more pressure

Source: Annemarie Botzki, Interfax Global Energy

Russia’s plan to revive the Turkish Stream pipeline and the Interconnector Turkey-Greece-Italy (ITGI) project could put future projects along the proposed Southern Gas Corridor under even more pressure.

Gulmira Rzayeva, senior research fellow at Azerbaijan’s Center for Strategic Studies, said the pipeline could affect the second stage of field development in Azerbaijan, including as Absheron, which is forecast to begin production in late 2021. [...]

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