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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
Successful renewables acceleration needs more public participation, not less
Blog entry | 27 February, 2023In December 2022, the Council of the European Union adopted an emergency regulation aimed at speeding up renewable energy deployment. But Member States have to uphold environmental safeguards and consult the public if they don’t want to end up doing the opposite, warns our new position paper.
Read moreConditionality mechanisms and the green transition: the case of EU funding for Poland
Blog entry | 6 February, 2023The dispute over the rule of law between Poland’s government and the European Commission culminated in a recent announcement by EU officials to block funds for Poland. The country’s authorities must take the Commission’s reservations seriously and address them immediately. Meanwhile, they must start implementing investments planned in the cohesion policy programmes as soon as possible to better address the challenges posed by the climate and energy crises.
Read moreREPowerEU 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 moreRelated publications
Social Climate Navigator
Booklet | 21 July, 2026 | Download PDFThe Social Climate Navigator is an interactive digital tool which clarifies 16 key concepts closely associated with the Social Climate Fund. The Navigator offers more than definitions – it visually illustrates how the social and climate aspects of each concept are interconnected, demonstrating why they cannot be treated in isolation and why both are fundamental to achieving a just and effective green transition.
Empowering vulnerable communities: Practical climate solutions from central and eastern Europe
Booklet | 16 July, 2026 | Download PDFThis publication explores practical, scalable investments that support both decarbonisation and vulnerable communities across central and eastern Europe.
RePower the Regions: Ambitious and inclusive clean energy plans for repowering the just transition regions
Toolkit | 30 June, 2026 | Download PDFThis interactive digital toolkit presents a collection of experiences, lessons and success stories of LIFE project RePower the Regions which was conducted for nearly three years across 16 carbon‑intensive regions working with local communities to support fair and effective clean energy transitions.
