Europe has ambitions to become a global leader in the fight against climate breakdown. Transforming the continent’s energy systems and shifting towards climate-friendly alternatives requires massive investments, especially in central and eastern Europe, where outdated infrastructure and a reliance on fossil fuels persists.
The good news is that the EU has the financial means to fund this transformation. The challenge is ensuring that the investments of today are geared towards addressing the climate crisis and Europe’s declining state of nature.
We know that when people have a voice in investment decisions, the results speak for themselves: more acceptance and ownership of spending and a greater chance that harmful and wasteful projects are avoided.
We work to ensure that EU financial flows address the climate crisis and do no harm to people and nature. We do this by involving the public in the design and spending of EU investments.
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
A “coal curtain” is the new Iron Curtain
Bankwatch in the media | 8 January, 2019The European Union’s goal to become climate neutral by 2050 needs joint effort to decarbonise its power sector. Yet, a “coal curtain” still seem to divide West and East, as most Eastern countries show hesitation or opposition when it comes to phasing out coal.
Read morePoland’s Just Transition declaration is a fata morgana
Press release | 1 December, 2018Katowice – At the UN climate summit (COP 24) it is hosting, Poland has invited heads of state to adopt a ministerial Solidarity and Just Transition Declaration [1], calling for a fair deal to coal workers and communities affected by the energy transition. But the Polish government has no plans for any such transition – instead it remains keen to keep the country’s reliance on coal for decades to come. The Declaration is therefore nothing more than a mirage.
Read morePromises for coal jobs in southeastern Europe are dangerously out of touch with reality – new study
Press release | 28 June, 2018Prague – Proponents of coal say almost 30,000 jobs will be created or maintained in southeastern Europe if new coal plants are built, while according to new analysis [1] by Bankwatch, over 5,000 jobs will be lost.
Read moreRelated publications
Keeping the promise: Why the Just Transition Fund must be maintained in the next EU budget
Joint statement | 18 September, 2024 | Download PDFThis joint statement lays out why the Just Transition Fund should be extended into the next EU budget, and offers recommendations to guide further improvements within the next programming period to deliver results that contribute to both EU cohesion and climate neutrality.
Mission letter: How climate and environmental crises should be prioritised as part of the European Union’s long-term budget for 2028-2034
Letter | 9 September, 2024 | Download PDFThis is a fictional mission letter issued by the President of the European Commission to a fictional ‘Commissioner for a Transformative Budget’ intended to illustrate how the climate and environmental crises should be prioritised as part of the European Union’s long-term budget for 2028–2034.
Financing the Renovation Wave: How to align EU funding with new building legislation
Briefing | 6 September, 2024 | Download PDFThis briefing looks at how the new legislative framework for the building sector might affect the financing support needed.