Failure of the European Investment Bank to ensure proper climate impact assessment for TAP/TANAP
Publication | 4 February, 2019In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing
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Calling the EIB for a state-of-the-art policy on financial intermediaries
Publication | 25 January, 2019The signatories request the EIB Directors to require from the Bank’s Management to create a state-of-the-art Standard for Financial Intermediaries that will enhance the environmental, social and transparency performance of these operations while mainta
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Belgrade incinerator plans raise burning questions
Blog entry | 19 December, 2018The planned Belgrade waste incinerator in Serbia, being considered for financing by the EBRD, EIB and IFC, is incompatible with increasing waste prevention and recycling rates and endangers the already precarious livelihoods of the 12,000 people who currently live from waste-picking in the city. The recently published environmental and social impact assessment for the project fails to resolve either of these issues, as well as numerous others.
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Belgrade Solid Waste PPP ESIA
Publication | 18 December, 2018Comments and questions in English and Serbian submitted during the public consultation on the Environmental and Social Impact Assessment.
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NGOs urge EU bank to quit fossil fuels investments, as it touts its climate commitment at COP24
Press release | 11 December, 2018Brussels, Katowice, Prague – While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) still continues to fund climate damaging fossil fuel projects, having disbursed more than EUR 11.8 billion in fossil fuels projects since 2013 – point out NGOs in a new briefing [1].
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Failing Better or Climate Success?
Publication | 10 December, 2018All the shareholders of the EIB have ratified the Paris Agreement, and the bank itself has claimed during the One Planet Summit in New York that it will align all its activities with the Paris Agreement by 2020. As President Hoyer put it, ‘I am confide
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As human rights declaration turns 70, development banks have a ways to go to respect and protect rights defenders
Blog entry | 10 December, 2018Today 10 December marks the seventieth anniversary of the Universal Declaration of Human Rights. To coincide with this milestone, Bankwatch together with more than 200 organisations globally has called on international financiers [1] to ensure that these institutions support the realisation of human rights, avoid causing or contributing to rights abuses, promote an enabling environment for public participation, and safeguard rights defenders.
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Time for the EU’s bank to lead on the clean energy transition
Publication | 7 December, 2018As world finance paces up to adapt to the global fight against climate change, one main player is lagging behind: the European Investment Bank (EIB), the European Union’s bank.
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European Parliament warns Balkan countries to stop destructive hydropower
Blog entry | 6 December, 2018The European Parliament urged the EBRD and EIB to review their support for hydropower plant projects in its last week’s resolutions on the European Commission’s 2018 reports on Albania and Montenegro. The votes come as a clear sign that the European institutions are starting to reconsider their support for hydropower as green energy.
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Will the long-awaited bypass road pave the way to reconciliation?
Blog entry | 15 November, 2018Villagers in rural Olyanytsya, in central Ukraine, are hopeful that village life is about to become a lot more bearable. After putting up with intense heavy vehicle traffic from the industrial farming operations of agro-giant Mironivsky Hliboproduct (MHP) for years, the company has finally finished building a bypass road to divert traffic around residential areas.
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