NGOs request investigation into EBRD loan for North Macedonia mega gas pipeline
Press release | 25 March, 2024Environmental watchdogs CEE Bankwatch Network and Eko-svest have today asked the European Bank for Reconstruction and Development’s (EBRD) redress mechanism to investigate a planned loan for a major new fossil gas pipeline from Greece to North Macedonia.
Read moreMostar locals continue to resist Corridor Vc routing amid new tunnel loan talks
Press release | 19 March, 2024On 11-13 March a Bankwatch team visited Mostar and the nearby villages of Kosor, Ortiješ and Malo Polje. The team met with more than 25 landowners from the three villages, visited vineyards in Ortiješ, nearby construction sites on the Corridor Vc, and the Podveležje ridge. They discussed with local people the developments in the valley, ongoing legal action and the results of complaints at the EBRD’s accountability mechanism.
Read moreInternational groups stand in solidarity with Armenian environmental and human rights defenders facing defamation and criminalisation
Press release | 20 February, 2024In recent months, Armenian human rights and environmental defenders and organisations have been facing defamatory attacks in local media. They are increasingly being targeted through defamation, smear campaigns, intimidation and criminalisation for their peaceful, legitimate human rights work.
Read moreKyrgyzstan’s crackdown on civil society: Are international development banks doing enough?
Blog entry | 20 February, 2024Kyrgyzstan is one of the few countries in Central Asia with an active and vibrant civil society, represented by strong human right defenders and active environmental and social issue groups. Last year, however, the Kyrgyz government proposed two repressive laws on non-governmental organisations and the media, which represent a major setback for the country’s democratic future.
Read moreBosnia and Herzegovina: Corridor Vc motorway south of Mostar needs rerouting to meet EBRD and EU standards
Press release | 16 February, 2024A European Bank for Reconstruction and Development (EBRD) compliance review has vindicated Mostar complainants affected by the Corridor Vc in Bosnia and Herzegovina. Now the Federation of BIH government, with support from the EU and European public banks, must ensure effective remedy.
Read moreNew study offers reality check on fossil gas in North Macedonia
Blog entry | 30 January, 2024North Macedonia has ever-more-ambitious plans to increase the use of fossil gas. But these were developed before the recent energy crisis. In addition to the climate havoc, import dependence and fossil-fuel lock-in wrought by gas, a new study shows that pipeline construction costs have increased, high household gasification rates are unlikely, and significant household solar, heat pumps or retrofits could be financed instead.
Read moreEuropean development bank decides to keep cooking the planet
Press release | 15 December, 2023The board of the European Bank for Reconstruction and Development (EBRD) decided yesterday, 14 December, to green-light a new energy lending policy that, with some caveats, allows for continued financing of fossil gas pipelines and gas-fired power plants.
Read moreCrunch time for European development bank’s fossil fuel spending
Blog entry | 12 December, 2023The European Bank for Reconstruction and Development (EBRD) is set to decide the future of its energy investments right after the latest round of UN climate negotiations concludes this week. Its Executive Directors must heed the EU’s call for a fossil fuel subsidy phase-out
Read moreOn 14 December 2023, the European Bank for Reconstruction and Development (EBRD) could decide to end all fossil fuel investments
Press release | 7 December, 2023Two days* after COP 28 is due to conclude, the board of directors of the EBRD, a multilateral development bank owned by 72 governments, will vote on its new Energy Sector Strategy. This policy will guide the Bank’s energy investments until 2028.
Read moreThe European Bank for Reconstruction and Development must do more to safeguard biodiversity in its new environmental policy
Blog entry | 4 October, 2023As the global biodiversity crisis grows ever more urgent, the European Bank for Reconstruction and Development’s (EBRD) environmental policy and practice is proving insufficient to prevent harm to nature, let alone allow its restoration. The Bank’s review of its environmental and social policy in the coming months must provide a proportionate response to the scale of the problem.
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