Europe has ambitions to become the first climate–neutral continent. But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.
While the EU budget currently funds this transition, the key challenge is to ensure impactful, high-quality investments that are both environmentally and socially just.
Involving citizens in investment decisions leads to better outcomes, including greater acceptance, a stronger sense of ownership, and fewer harmful projects.
Bankwatch works to align EU financial flows with the European Green Deal objectives, ensuring they meet the needs of people and the planet.
IN FOCUS
Just transition
Countries across central and eastern Europe are committing to quit coal and shale oil. Now the task is to ensure that the just transition is driven from the bottom up and leaves no one behind as we move towards a sustainable energy future.
Building back biodiversity
Threats facing biodiversity are increasing alongside the drivers of the climate crisis. But investments in climate protection should not come at the expense of those that can help biodiversity. The two crises of climate and biodiversity are interconnected and both must be tackled together, because only by investing in nature can we tackle climate change.
RegENERate: Mobilising Regions for Energetic Re-development and Transformative NECPs
The overall objective of the project is to support the CEE countries’ contribution to the EU efforts towards a net-zero emissions future. The project will contribute to more ambitious and effective climate and energy policies in CEE, backed by a long-term commitment to phase out fossil fuels, improve energy efficiency and promote renewable energy.
RePower the Regions: Ambitious and inclusive clean energy plans for repowering the just transition regions
The participation and leadership of carbon-intensive regions in transitioning to clean energy solutions are prerequisites for achieving EU climate neutrality by 2050. Building on this premise, RePower the Regions aims to ensure that the regions’ clean energy plans are aligned with EU 2030 climate goals and have strong support locally, and to provide practical guidelines and roadmaps on how to repower the regions.
Latest news
Western Balkans gets second chance at just transition: Can new support platform deliver?
Blog entry | 15 July, 2026For coal-dependent communities in the Western Balkans, the launch of the JET Balkans project marks a welcome end to more than two years without a dedicated regional support platform. But with political commitment, funding and transparency still in short supply, local authorities and civil society are wondering whether the initiative can turn planning into meaningful implementation, or whether it will repeat the shortcomings that have slowed just transition efforts across the region.
Read moreSpending without substance: Czech flagship industry programme fails to track climate impact
Blog entry | 10 July, 2026The Operational Programme Technologies and Applications for Competitiveness (OP TAC) is one of the Czech Republic’s flagship EU funded programmes for the 2021–2027 period.
Read moreOne year on: Most social climate plans still missing despite EU legal deadline
Press release | 30 June, 2026Ageing Soviet-era housing and outdated public infrastructure mean central and eastern Europe can least afford further delays.
Read moreRelated publications
Bankwatch’s position on the Global Europe instrument
Policy position | 21 November, 2025 | Download PDFThe proposed Global Europe regulation’s objective is to uphold and promote the Union’s values, principles and interests worldwide. However, while human rights, democracy and rule of law are mentioned in the text, the regulation does not provide sufficient mechanisms to advance these principles.
Cutting off the branch we’re sitting on: Urgent course correction needed on EU biodiversity financing to secure the EU’s natural resilience
Report | 31 October, 2025 | Download PDFHalfway through the implementation period of the EU Biodiversity Strategy for 2030, evidence is mounting that the EU and its Member States are not on track to fulfil their commitments.
Race to the top: Reform and investment proposals for the Social Climate Plans
Report | 31 October, 2025 | Download PDFEU Member States are now finalising their national social climate plans in order to access the EUR 86.7 billion Social Climate Fund from 1 January 2026.
