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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
Pedalling forward in Daugavpils: Towards a cyclist-friendly city
Blog entry | 14 April, 2025On the afternoon of 28 March, residents, municipal representatives, and locally elected officials joined a panel of experts in the Latvian city of Daugavpils to discuss the future of cycling in the city. The aim of the event was to identify existing challenges as well as practical solutions that might encourage more residents to choose cycling as a regular mode of transport.
Read moreJiříkov’s path to a clean energy future
Blog entry | 20 March, 2025The profound transformation of Europe’s energy sector in response to climate change and the goal of reducing greenhouse gas emissions is having a particularly significant impact on regions that have long relied on fossil fuels, especially coal mining.
Read moreCentral Asia: environmental groups and scientists call on international financial institutions to preserve key freshwater bodies and stop supporting destructive hydropower projects
Press release | 14 March, 2025The future of Central Asia’s key rivers and lakes is at risk, warn international environmental groups Rivers without Boundaries, International Rivers, Friends of the Earth US, Urgewald and CEE Bankwatch Network in a formal request sent today to the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Asian Development Bank (ADB), Eurasian Development Bank (EDB), Islamic Development Bank (ISDB) and Asian Infrastructure Investment Bank (AIIB).
Read moreRelated publications
Updating national energy and climate plans: signs of reluctance to phase out fossil fuels
Report | 14 December, 2023 | Download PDFMember States are currently updating their national energy and climate plans (NECPs) adopted in 2019, following the Energy Union governance regulation.
Paris alignment: why there is no more space for European public money to finance fossil fuels
Briefing | 14 December, 2023 | Download PDFThe aim of this briefing is to lay out the latest scientific evidence on why there is no more space for fossil fuel investments if we aim to keep global temperature increases to below 1.5 °C by the end of the century.
Monitoring cohesion policy funds in central and eastern Europe
Briefing | 12 December, 2023 | Download PDFThe purpose of this briefing is to provide an overview of the monitoring committees charged with overseeing programmes on the environment, climate and energy, and the just transition in eight countries in central and eastern Europe: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Poland, Romania and Slovakia.
