Corporate interest on way to win over the EU bank’s transparency policy
Blog entry | 10 September, 2014In the draft version of its new transparency policy the European Investment Bank is making access to information on its tens of billion euros lending harder than ever.
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Can the EIB lead the European economy out of crisis by championing EU climate policy?
Publication | 8 August, 2014The European Investment Bank, the biggest multilateral public bank in the world by lending volume and the self-styled ‘EU bank’, has recently announced that it will be reviewing its approach to climate change in the coming months. According to comments made by EIB vice-president Philippe de Fontaine Vive to civil society representatives, “The EIB wants to position itself between this October’s anticipated EU 2030 climate agreement and the Paris COP 21 meeting in December 2015”.
Read moreOpportunities and expectations towards the EIB climate policy review
Publication | 24 July, 2014After effectively phasing out lending to lignite and coal-fired power plants in its energy policy in 2013, the EIB is now reviewing its climate policy. This joint NGO letter expresses the expectations towards the EIB to align its lending further with climate science and the EU Roadmap 2050 by proposing a genuine strategy for the bank to phase out funding for projects that are detrimental to the climate and to mainstream climate considerations into each and every sector of operations the Bank is engaged in.
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City of Zagreb still playing with fire
Blog entry | 18 July, 2014Seasoned Bankwatch-watchers may recall our successful four-year campaign to stop the EBRD from financing a waste incinerator just outside Zagreb. Between 2005 and 2008, we supported Zelena akcija/Friends of the Earth Croatia and local group UZOR to prevent the City of Zagreb from building a huge 385 000 tonnes per year waste incinerator in Resnik on the outskirts of Croatia’s capital.
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A Private Affair: Report shows how development finance institutions benefit the rich in Western countries
Blog entry | 11 July, 2014A new report shows how private western-based companies are benefiting from multilateral development banks’ support while governments and citizens in recipient countries are delegated to the sidelines.
Read moreCivil society recommendations for the European Investment Bank’s transparency policy
Publication | 1 July, 2014As the EIB prepares the review of its 2010 transparency policy, the signatories of this letter convey key positions and concerns regarding the policy and how we believe it needs to be amended.
Read moreMassive EU infrastructure priority projects lack mandatory environmental assessment
Press release | 26 June, 2014EU heads of state gathering today and tomorrow will discuss the European Energy Security Strategy promoting a number of massive infrastructure projects which include gas pipelines, LNG terminals and storage facilities even though their overall environmental impact has not been adequately assessed. Environmentalists are currently battling the European Commission over this issue in Court.
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Will Georgia go green after EU association agreement?
Blog entry | 26 June, 2014On Friday Georgia will sign an association agreement with the European Union, meaning that our country will start cooperating more closely with the EU and even implement more European legislation. This is good news, particularly when it comes to the environment.
Read moreРуководство по Европейскому инструменту соседства и Международным финансовым организациям
Publication | 23 June, 2014В контексте обновленного подхода к Европейской политике соседства (ЕПС), очерченного в совместном коммюнике от 25 мая 2011 года, к 2014 году новый финансовый инструмент, а именно Европейский инструмент соседства (ЕИС), станет ключевым финансовым инструментом для 16 стран-партнеров к востоку и югу от границ ЕС (Алжир, Армения, Азербайджан, Беларусь, Египет, Грузия, Израиль, Иордания, Ливан, Ливия, Молдова, Марокко, Оккупированная Палестинская территория, Сирия, Тунис и Украина). В этом же коммюнике говорится о новом походе к расширенному внешнему мандату ЕИБ для восточных и южных соседей, а также расширении мандата ЕБРР на отдельные страны Средиземноморского региона.
Read moreNo public money for mega-gas pipeline projects – Projects of Common Interest for gas imports will be harmful
Publication | 12 June, 2014Projects aimed at increasing EU gas imports, included in the European Commission’s Projects of Common Interest (PCI) would surpass the five scenarios of the EC’s own Energy Roadmap 2050 which all foresee an overall decrease in gas imports. Additionally, they would support authoritarian regimes which repeatedly violate human rights and limit space for democratic expression.
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