Financing for hydropower in protected areas in southeast Europe
Publication | 11 December, 2015Southeast Europe is experiencing a wave of hydropower projects. In a region with a deadly combination of Europe’s last wild rivers, rampant corruption and inadequate nature protection, the potential for damage is immense. In order to address this issue, we need to know who is making it happen. This research aims – to the extent possible given the secrecy around the financial sector – to find out who are the main actors involved in financing hydropower projects in the region, both overall and inside of protected areas. Update January 2017 The EBRD has said that financing has been cancelled for four small hydropower plants in Macedonia: Zrnovska reka 1, Zrnovska reka 2, Estericka reka, Kadina reka. In addition, financing has been cancelled for the 68 MW Boskov Most plant in the Mavrovo National Park, also in Macedonia. Regarding the Ternove SHPP in Albania, the EBRD has said that it had conducted an on-site investigation into the concerns received in a letter from an affected citizen. The bank found nothing to substantiate the allegations. Bankwatch will continue to monitor the issue.
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Ukraine snubs safety concerns and European donors, extends lifetime of fourth Soviet-era nuclear reactor
Press release | 8 December, 2015Kiev, Prague – An ageing nuclear unit in the South Ukraine power plant is the latest to have its expiry date rewritten by overzealous Ukrainian authorities, despite a number of pending safety issues and concerns over compliance with international treaties.
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Macedonia urged to suspend controversial hydropower project
Press release | 4 December, 2015Strasbourg, Skopje, Prague – In the latest blow to planned hydropower dam in Macedonia’s Mavrovo National Park, the Standing Committee of the Bern Convention, the European wildlife treaty, added today its voice to growing calls to reconsider this reckless project. The spotlight is now on the European Bank for Reconstruction and Development (EBRD), the project’s main financier.
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Bankwatch statement on hazardous arsenic waste in Dundee operations in Namibia
Press release | 1 December, 2015Last week Namibian news outlets reported on Bankwatch’s findings on the potential impacts of Dundee Precious Metals’ (DPM) operations in the country. Yet, in light of the company’s response we believe a number of points need to be stressed.
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Bern Convention Committee to decide fate of Balkan lynx and Boskov Most hydropower plant in Macedonia
Blog entry | 30 November, 2015The critically endangered population of the Balkan lynx (Lynx lynx balcanicus) may be getting a new lease on life this week after being threatened by planned hydropower constructions in its core area of reproduction.
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Exporting toxic pollution from Europe to Namibia
Blog entry | 19 November, 2015The case of the Tsumeb smelter in Namibia demonstrates how European pollution is exported to the Global South with indirect help of public development money.
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The EBRD: Fueling the future, or stuck in the past?
Blog entry | 19 November, 2015A closer look at the projects that the European Bank for Reconstruction and Development has financed in the energy sector in Middle East and North African countries reveals that, despite the bank’s rhetoric about promoting sustainable energy, its balance sheet has fossil fuels all over it.
Read moreExecutive summary: European public money for the energy sector in countries of the European Neighbourhood Policy
Publication | 17 November, 2015Countries of the European Neighbourhood have received a boost to their energy sectors in the last decade, thanks in part to the prominent role played by the EU as a catalyst of both policy reforms and financing. This paper is the executive summary of an upcoming study that examines EU financing for the energy sector in 16 countries of the European Neighbourhood between 2007 and 2014.
Read moreExecutive summary: The EU and energy in the Arab countries
Publication | 17 November, 2015This briefing (an executive summary of an upcoming report) looks at energy investments by the EU in the Southern Mediterranean region and the impacts on the social, economic and environmental rights of citizens and communities by highlighting the compliance of these activities with the values of democracy, human rights and economic development for Egypt, Morocco and Tunisia. It also assesses the type of the investments that would be beneficial both for host countries as well as for the EU.
Read moreAnalysis of EU investments in Ukraine’s energy sector, 2007-2014
Publication | 17 November, 2015Between 2007-2014, Ukraine received from EU public institutions over EUR 2.5 billion for 56 projects in the country’s energy sector. This is the highest amount of support for the energy sector among all countries of the European Neighbourhood Policy, both by volume and number of investments. Only 15 per cent of that support went to combating inefficient energy use or to developing local sustainable energy sources. The focus of EU financial support has remained on ‘traditional’ sources of energy.
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