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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
REPowerEU deal is a blow to a more climate-oriented energy policy in central and eastern Europe
Blog entry | 22 December, 2022Six months after the proposal was put forward, a deal was struck by EU negotiators on the financial leg of the REPoweREU plan, the EU’s strategy to cope with the energy crisis and phase Russian fuels out of the market. National governments will be invited to quickly add new chapters to their recovery plans, which is potentially good news and a chance to further invest in the energy transition. However, Member States must avoid falling into the trap of fossil fuels, which are making a comeback in the palette of investments eligible for EU funds.
Read moreLet the sunshine in: how a coal region in North Macedonia can switch to sustainable heating
Blog entry | 21 December, 2022The government in North Macedonia wants to link the 40 year old REK Bitola power plant to the regional heating system. But cementing the dependence on fossil fuels would be reckless. Instead, a new study finds that fitting houses in Bitola with air conditioning and solar panels could keep people warm, cut air pollution and even shield against increasingly volatile energy prices. Such households forming energy communities, the study shows, could not only lower initial investments but even generate them some income.
Read morePublic participation at stake in participatory processes in the EU
Blog entry | 16 December, 2022The end of 2022 coincides with the conclusion of the preparation of the 2021-2027 cohesion policy. Soon, the European Commission will approve the last partnership agreements and operational programmes outlining the investment priorities and specific objectives for the following years. At the same time, there are other important processes to follow at the European and national levels.
Read moreRelated publications
Protecting the just transition in the EU’s proposed national and regional partnership plans
Briefing | 13 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
