Bankwatch

Home > Funding the energy transformation

Funding the energy transformation

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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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.

Projects
Updates
Publications

IN FOCUS

After recovery towards cohesion

The seven-year EU budget and the recovery plan constitute a generational opportunity to accelerate the energy transformation. We aim to funnel the money towards projects that benefit the climate and protect nature while being driven by locals. 

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.

Open-pit mine, Konin, Poland, picture: Milena Antonowicz

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

Related publications