EBRD investments in Ukrainian agro-giant MHP under investigation
Blog entry | 2 February, 2023After years of community complaints about the environmental and social damage caused by Ukrainian agro-giant Myronivsky Hliboprodukt (MHP), independent investigators are now looking into the role of international public finance in contributing to those harms. Considering the current food crisis, Ukraine’s important role in the global food supply chain and the prospect of more international investments to prop up Ukraine’s economy, it is time for financiers to learn the lessons of their past mistakes.
Read moreHow many elephants does it take to build a gas pipeline?
Blog entry | 23 January, 2023In October 2022, the EBRD published no fewer than eight environmental and social assessments on the Greece – North Macedonia fossil gas pipeline for public consultation. Thousands of pages analyse every nook and cranny along the planned route, but fail to notice the elephant in the room: the project’s massive greenhouse gas emissions.
Read moreAlmaty’s Green City Action Plan: a plan for destructive creation?
Blog entry | 8 December, 2022The Kazakh city of Almaty joined the European Bank for Reconstruction and Development (EBRD)’s Green Cities initiative in 2019. How does the first Green City Action Plan in Central Asia reflect public participation?
Read moreThe EBRD must finally leave fossil fuels behind
Blog entry | 6 December, 2022No justification for more public money going to the fossil fuels industry, say dozens of central and eastern European civil society organisations. The European Bank for Reconstruction and Development must urgently shift its investments to help accelerate the energy transition.
Read moreRed flags over plans to swap coal for biomass and waste incineration in Tuzla
Blog entry | 8 September, 2022The European Bank for Reconstruction and Development (EBRD) and Bosnia and Herzegovina’s energy utility Elektroprivreda BiH are signing today an agreement formalizing the Bank’s commitment to consider financial support for a particularly questionable energy project in Tuzla. But the public is barely aware of what this risky investment could bring to local communities.
Read moreAmulsar’s costs to human rights and threats to environmental defenders
Blog entry | 4 August, 2022Armenia’s government and investors have failed to prevent human rights abuses related to the Amulsar gold mine. As we await the outcome of an EBRD investigation, environmental and human rights defenders continue to face threats. New reports show how the policies that should protect human rights and environmental defenders have failed to stop a project whose costs outweigh the benefits.
Read moreReplacing coal with forest biomass for heating is a dangerous green mirage
Blog entry | 21 July, 2022With the energy transition well underway, and the end of the era of coal clearly on the horizon, biomass for heating is gradually becoming a favorite for governments in the Western Balkans and their financial partners. ‘Tree power’ might sound like the greenest kind of energy, but burning timber from forests to heat homes is anything but sustainable.
Read moreThe real cost of hydropower plants in Central Asia and the Caucasus
Blog entry | 12 July, 2022International financial institutions’ support for hydropower in Central Asia and Caucasus is fuel for environmental damage and human rights violations.
Read moreVoices of support for Ukraine echo in Morocco: takeaways from the EBRD Annual Meeting in Marrakesh
Blog entry | 8 June, 2022The 2022 EBRD Annual Meeting was held in the city of Marrakesh, Morocco. Although taking place far away geographically, the topic of Ukraine dominated the agenda. Will the EBRD ensure its funds for the country’s reconstruction are used in the most efficient, green and inclusive way?
Read morePouring millions from empty into the void
Blog entry | 30 May, 2022EBRD and EIB investments in Bulgarian hydropower have once again been hit by scandal with the recent failure of the Chaira pumped storage plant and revelations about the illegality of small hydropower plants. The planned Yadenitsa dam would be more of the same: will the EBRD and EIB be wise enough to say no?
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