Bankwatch

Home > Funding the energy transformation

Funding the energy transformation

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towards climate-friendly alternatives requires massive investments, especially in central and eastern Europe, where outdated infrastructure and a reliance on fossil fuels persists.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. 

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. 

Latest news

Related publications

By clicking accept, you agree to the use of cookies. more information

We use cookies to: - Better understand and store user’s preferences for future visits. - Gather statistical data about site traffic and user behaviour and interactions in order to offer better site experiences and tools in the future. We may also use trusted third-party services that track this information on our behalf. You can enable your device to notify you each time a cookie is being sent by changing your browser settings. If you turn cookies off, It won’t affect the user’s experience .

Close