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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
Europe risks failing to meet its Nature Restoration Regulation targets without adequate funding
Press release | 11 June, 2026With only three months to go until EU Member States must submit their national restoration plans, EuroNatur and Bankwatch are warning that implementation of the EU’s Nature Restoration Regulation will not be possible without sufficient dedicated public funding. In a new report launched today at an event in the European Parliament, they highlight that, without adequate EU funding, many national restoration plans may prove ineffective, failing to restore all damaged ecosystems by 2050. And in the absence of the European Commission’s long-awaited 2025 financing report, governments are now without essential guidance on investment needs and funding pathways.
Read moreWhen citizens speak: Lessons on energy poverty from the Romanian town of Petroșani
Blog entry | 3 June, 2026As temperatures rise over the summer months, conversations about heating homes may seem distant for many. Yet for many residents of Petroșani – a former coal-mining town in Romania’s Jiu Valley – the challenge of keeping homes warm is a recurring reality that returns every winter, shaped by ageing buildings, low incomes and limited access to support.
Read moreSlovakia’s billion-euro opportunity: Redirecting climate revenues and fossil-fuel subsidies to tackle energy poverty
Blog entry | 20 May, 2026The rising prices of oil, gas, fertilisers and other commodities pose significant challenges to central and eastern European economies dependent on fossil fuels.
Read moreRelated publications
Letter to the European Commission on the revision of the code of conduct on partnership
Advocacy letter | 12 February, 2024 | Download PDFThis adovacy letter shares Bankwatch’s findings and recommendations for amending the code of conduct with the European Commission.
Recommendations on how to determine the contribution of EU funds for biodiversity
Briefing | 31 January, 2024 | Download PDFThis briefing aims to demonstrate the need to ensure a greater and more accurate amount of funding is channelled to the right areas, as well as to explore potential alternatives ahead of the next EU budget.
EU funds guidebook
Report | 23 January, 2024 | Download PDFThe EU provides a variety of funds to help Member States implement EU policies. EU financial support is an important source for achieving the objectives of the European Green Deal.
