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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
CEPS signs EUR-189m loan for Czech power network upgrades
Bankwatch in the media | 3 December, 2020Czech transmission system operator CEPS AS has signed a CZK-5-billion (USD 230m/EUR 189m) loan to bolster the electricity transmission infrastructure in the Czech Republic, which in turn will facilitate the integration of renewables.
Read moreJak przeprowadzić prawdziwie sprawiedliwą transformację regionów węglowych?
Bankwatch in the media | 24 November, 2020Sprawiedliwa transformacja gospodarki ku bardziej zielonej jest jedną z najważniejszych rzeczy dla regionów górniczych w Polsce. Ale jej skuteczne przeprowadzenie zależeć będzie nie tylko od pieniędzy, ale też od ich efektywnego wydania. Mówili o tym uczestnicy zorganizowanego przez EURACTIV.pl, Komisję Europejską oraz Fundację Konrada Adenauera webinarium pt. „Sprawiedliwa transformacja regionów węglowych – Jak to zrobimy?”.
Read moreEU recovery cash must not go to gas, coal leaders urged ahead of summit
Bankwatch in the media | 16 November, 2020The Europe Beyond Coal coalition is urging coal region leaders to commit multibillion euro recovery sums to a clean energy transition – and to tell their governments that the EU should not divert the funds towards a fossil gas-led future.
Read moreRelated publications
RePowering the regions: How working groups can support local decarbonisation efforts
Briefing | 18 December, 2025 | Download PDFThis briefing analyses the work of four decarbonisation working groups established in just transition regions in Latvia, Slovakia, Estonia and Hungary.
Put nature at the centre of Europe’s budget 2028–2034
Joint letter | 16 December, 2025 | Download PDFThis joint letter addressed to Members of the European Council ahead of the European Council meeting on 18–19 December, urges to put nature back at the centre of Europe’s EU budget.
Bankwatch’s position on the EU’s 2028–2034 Multiannual Financial Framework proposal
Policy position | 12 December, 2025 | Download PDFOur position paper analyses the European Commission’s proposal for the 2028–2034 Multiannual Financial Framework, highlighting how it falls short of addressing Europe’s urgent investment needs.
