The never ending saga of the Nenskra HPP
Blog entry | 17 September, 2020The Nenskra HPP is one of 35 hydropower plants slated for development in Upper Svaneti, a region roughly one-and-a-half times the size of Luxembourg.
Read moreEIB’s lack of public disclosure on the Svans challenged by Ombudsman
Blog entry | 16 September, 2020The European Ombudsman concluded that the EIB should disclose an expert report on whether Svans that live in the Svaneti region of Georgia are indigenous people.
Read moreGeorgia’s billion dollar dam violates international standards
Press release | 9 September, 2020Significant failures were found in the project’s compliance with the environmental and social policies of the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB).
Read moreEIB keeps denying Southern Gas Corridor climate impact
Blog entry | 4 August, 2020As it seeks to morph into the EU’s climate bank, the European Investment Bank (EIB) continues to downplay the climate footprint of many of the projects it finances, including that of Europe’s largest fossil fuels project, the Southern Gas Corridor.
Read moreEuropean Parliament asks European Investment Bank to double down on sustainability and transparency
Press release | 9 July, 2020The European Parliament has called on the European Investment Bank (EIB), the world’s largest public lender, to facilitate Europe’s effort to tackle the climate crisis by fully aligning its investment policies and practices with the Paris climate accord.
Read moreCities for citizens
Blog entry | 15 June, 2020To modernise and green our cities, we need good governance first.
Read moreSlovene prosecutors file charges over coal plant corruption
Blog entry | 25 May, 2020The long-running saga of Slovenia’s overpriced Šoštanj 6 coal power plant took a dramatic turn last week when Slovene prosecutors filed charges including money laundering against 12 people and two companies. Meanwhile, in 2018, the Šoštanj power plant as a whole generated a net loss of EUR 58.5 million. Why are nearby Serbia and Bosnia-Herzegovina – both countries that are planning new coal plants – not learning any lessons?
Read moreA herd of white elephants is approaching the EU’s neighbours
Blog entry | 30 April, 2020Over three quarters of the energy projects proposed by the EU’s neighbours for priority status, including privileged access to public funds, are fossil fuels projects.
Read moreThe Commission must stay strong on EU sustainable investment criteria as they become law
Blog entry | 24 April, 2020As the European Commission moves to legislate on criteria regulating what can be defined as sustainable investments, Bankwatch warns that activities such as waste incineration, gas combustion and nuclear energy must not be allowed to sneak in at the last minute.
Read moreCroatian hydropower plant highlights loopholes in EIB environmental policies
Blog entry | 2 April, 2020The EIB-financed Ilovac hydropower plant was built on the river Kupa in north-west Croatia at around the same time as scientists established the existence of a new fish species there – Alburnus sava. Since the dam’s construction, the species has not been found at the site. Has Alburnus sava’s habitat been degraded for just 1.4 MW of installed power?
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