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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
Towards energy democracy: launch of new financing tracker for energy communities in the EU
Blog entry | 19 May, 2023The EU’s Multiannual Financial Framework 2021-2027 offers a unique opportunity to use public finances to accelerate the energy transition. But to succeed, this transition must be inclusive, equitable and citizen-centred.
Read moreLatvia’s REPowerEU chapters – progress made and necessary investments
Blog entry | 12 May, 2023Most EU countries missed the deadline to submit additional REPowerEU chapters to national recovery and resilience plans on time, including Latvia, where few details about the reasons for the delay have emerged. Here are some ideas on how Latvia can make the best use of EU funds to help decarbonise its energy system and support its citizens.
Read moreTransalpine oil pipeline expansion: REPowerEU funds must not swell the coffers of energy crisis profiteers
Blog entry | 19 April, 2023Using EU funds, the Czech government plans to provide EUR 114 million for the expansion of the Transalpine (TAL) oil pipeline, which links the Italian port of Trieste with refineries in Austria, Germany and the Czech Republic. The project raises concerns about its compliance with EU legislation as well as its environmental and economic sustainability.
Read moreRelated publications
Protecting the just transition in the EU’s proposed national and regional partnership plans
Briefing | 16 March, 2026 | Download PDFThis briefing analyses the next EU budget proposal from a just transition perspective.
From just transition to competitive decarbonisation: What the EU’s new policy architecture means for regional cohesion
Report | 5 March, 2026 | Download PDFThis report investigates the main objectives and instruments of this new policy shift and how it affects the EU’s just transition regions.
Citizens’ forums driving decarbonisation in central and eastern Europe: Lessons in public participation
Briefing | 25 February, 2026 | Download PDFAcross nine countries in central and eastern Europe, citizens’ forums have been tested as practical tools for involving local voices in decisions regarding decarbonisation
