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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
Spending without substance: Czech flagship industry programme fails to track climate impact
Blog entry | 10 July, 2026The Operational Programme Technologies and Applications for Competitiveness (OP TAC) is one of the Czech Republic’s flagship EU funded programmes for the 2021–2027 period.
Read moreOne year on: Most social climate plans still missing despite EU legal deadline
Press release | 30 June, 2026Ageing Soviet-era housing and outdated public infrastructure mean central and eastern Europe can least afford further delays.
Read moreBuilding renovation in Latvia will cost EUR 32 billion: Impossible target or unavoidable necessity?
Blog entry | 29 June, 2026All EU Member States were required to prepare a draft national building renovation plan and submit it to the European Commission by 31 December 2025.
Read moreRelated publications
Recommendations on how to determine the contribution of EU funds for biodiversity
Briefing | 31 January, 2024 | Download PDFThis briefing aims to demonstrate the need to ensure a greater and more accurate amount of funding is channelled to the right areas, as well as to explore potential alternatives ahead of the next EU budget.
EU funds guidebook
Report | 23 January, 2024 | Download PDFThe EU provides a variety of funds to help Member States implement EU policies. EU financial support is an important source for achieving the objectives of the European Green Deal.
Initiative for Coal Regions in Transition for Western Balkans and Ukraine: where we are and how to move forward
Briefing | 22 January, 2024 | Download PDFThe Initiative for Coal Regions in Transition for Western Balkans and Ukraine platform builds on the experiences of the EU Initiative for coal regions in transition since 2017, with both initiatives contributing to implementing the European Green Deal.
