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Home > European Bank for Reconstruction and Development (EBRD) > Updates on the European Bank for Reconstruction and Development

Updates on the European Bank for Reconstruction and Development

EU-backed energy projects will harm people and the environment in the Western Balkans

Press release | 30 October, 2013

Brussels – NGOs from across the region are expressing very serious concerns about the list of 35 priority energy projects approved by the European Commission-backed Energy Community meeting in Belgrade, Serbia, last Thursday. The decision to support projects that are in conflict with EU environment goals and climate goals has seriously dented the EU’s credibility as a positive force for the protection of the environment and people’s health in the Western Balkans, say the NGOs.

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How embarrassing: EBRD transparency ranked ‘poorest’ among multilaterals

Blog entry | 29 October, 2013

As the European Bank for Reconstruction and Development revises its safeguard policies, the Aid Transparency Index ranks its commitment to openness and transparency as the weakest in comparison with similar institutions.

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Guest post: EBRD financed Ukrainian agribusiness causes local insecurities

Blog entry | 28 October, 2013

Environmental groups in Ukraine have highlighted the negative local impacts of one of the biggest agribusinesses in the country, MHP, that is in line to receive additional credit by the European Bank for Reconstruction and Development.

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Dirty power plants in Western Balkans and Ukraine set to become EU priority

Press release | 22 October, 2013

Belgrade – Several environmentally damaging coal and hydropower projects across the Western Balkans, Ukraine and Moldova are likely to be included this Thursday on a priority list of projects of the European Commission-backed Energy Community, meaning they will be fast-tracked for financing over the next years.

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Western Balkans and Ukraine: EC-backed Energy Community to prioritise coal plants that threaten EU long-term climate targets

Publication | 22 October, 2013

The Western Balkans countries are aspiring to become members of the European Union. On 24 October the Ministerial Council of the EC-backed Energy Community will approve a list of priority energy infrastructure projects resulting from the Regional Energy Strategy known as Projects of Energy Community Interest (PECIs) for the Western Balkans, Moldova and Ukraine. These projects would be prioritised for fast-track approval and public financing.

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Leading green NGOs in Europe tell the EBRD to step out of coal

Press release | 30 September, 2013

Brussels – As the European Bank for Reconstruction and Development today closes the public consultation period on its upcoming energy strategy, a coalition of the ten largest environmental organisations working at the European level, the Green 10, is calling on the bank to phase out fossil fuels from its future lending, beginning with coal, and to rule out lending to risky energy sources, such as nuclear and shale gas.

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Comments on EBRD’s draft energy strategy

Publication | 24 September, 2013

Bankwatch’s detailed comments on the draft energy sector strategy of the European Bank for Reconstruction suggests the introduction of an emissions performance standard at the level of 350 gCO2/kWh for the bank’s fossil fuel lending. It also contains comments on other energy sources, carbon markets, energy systems, carbon capture and storage, nuclear safety, and in an additional annex it lays out sustainability criteria for hydropower development.

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Summary of Bankwatch’s comments on EBRD’s draft energy strategy

Publication | 24 September, 2013

In our full comments on the draft energy sector strategy of the European Bank for Reconstruction Bankwatch suggests the introduction of an emissions performance standard at the level of 350 gCO2/kWh for the bank’s fossil fuel lending. This document summarises the most important points made and a collection of most recommendations.

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Letter to EBRD directors: Ensure proper investigation into new corruption arrests at Kolubara mine

Publication | 20 September, 2013

On Monday, September 9, 2013, Serbian police arrested the former director and the former financial director of the Kolubara Mining Basin, as well as a businessman and several other individuals on the basis of suspected fraud in land expropriation proceedings around the Kolubara mine. This letter asks the EBRD board of directors to ensure that the EBRD thoroughly investigates the issues around these latest arrests.

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A message to EBRD President Suma Chakrabarti

Blog entry | 13 September, 2013

In an open letter sent today to the President of the European Bank for Reconstruction and Development 54 civil society organisations follow up from last weeks consultations on the bank’s new energy sector strategy and ask the president to ensure that the EBRD addresses the challenges of climate change with the urgency it deserves. We reproduce the letter’s content here.

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