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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
Civil society groups urge EU leaders to secure funding for fair transition in regions
Bankwatch in the media | 18 September, 2024Civil groups are calling on EU leaders to prioritise EU funding to support regions most affected by the transition to climate neutrality in upcoming budget talks, according to a statement released today (September 18) by 42 civil society organisations.
Read more42 civil society organisations call on EU leaders to secure funding for the just transition in the next EU budget
Press release | 18 September, 2024As the new European Commission and Parliament begin their mandates, 42 civil society organisations from across Europe have issued a statement (1) calling on EU leaders to ensure the continuation of the Just Transition Fund in the next EU budget.
Read moreReaction to the European Court of Auditors’ report on the green transition in the EU’s recovery fund
Press release | 12 September, 2024The European Court of Auditors’ report on implementation of EU’s recovery fund, published yesterday, casts a new shadow over the contribution of the fund to the green transition.
Read moreRelated publications
Towards a just transition in the national and regional partnership plans: Recommendations on regional chapters
Briefing | 12 June, 2026 | Download PDFIn the context of Europe reshaping its cohesion policy, this briefing explains why regional chapters in the post‑2028 funding framework must be mandatory, properly financed, and built on credible just transition plans. Without guaranteed regional ownership, targeted support, and strong technical capacity, the shift to a climate‑neutral economy risks deepening territorial divides, sidelining carbon‑intensive and peripheral regions, and slowing Europe’s competitiveness at a moment when no region can afford to fall behind.
Unlocking nature financing: National cost estimates for effective nature restoration
Report | 11 June, 2026 | Download PDFTo support national planning, CEE Bankwatch Network and EuroNatur, in cooperation with national partners, led a study in five Member States – Poland, Estonia, Latvia, Hungary and Croatia – to estimate financing needs for effective nature restoration.
Mixed signals from the European Commission: Undermining housing affordability and the energy transition in central and eastern Europe
Briefing | 29 May, 2026 | Download PDFThis briefing highlights the potential impacts of two recent EU policy developments and also presents several successful examples from central and eastern Europe.
