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towards climate-friendly alternatives requires massive investments, especially in central and eastern Europe, where outdated infrastructure and a reliance on fossil fuels persists.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.
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
How to hit the ground running on just transition in the Western Balkans and Ukraine
Press release | 15 July, 2020As the European Commission gears up to launch an Initiative meant to help coal regions in the Western Balkans and Ukraine transition to sustainable economies, Bankwatch publishes today a set of recommendations based on its experience working with the Platform for Coal Regions in Transition, on which the new Initiative will be modelled.
Read moreThe missing link: Green recovery and energy transition in Hungary and CEE
Blog entry | 15 June, 2020To achieve a green recovery with EU funds, what depends on CEE Member States and what depends on the EU?
Read morePolish government urged to include municipalities, civil society in planning future of coal regions
Press release | 1 June, 2020Warsaw – As the Polish government is gearing up to prepare plans for the transformation of coal regions that would allow it to tap a 40 billion euro Just Transition Fund made available by Brussels, local municipalities and civil society demand to be included in the planning process.
Read moreRelated publications
Looking beyond the hype: Public funding of hydrogen in central and eastern Europe
Report | 31 October, 2024 | Download PDFThis briefing analyses over-optimism about hydrogen’s role in the central and eastern European Member States – Hungary, Poland and Romania.
EU funds: Protecting or damaging nature? How to avoid harmful projects
Briefing | 21 October, 2024 | Download PDFThe following recommendations how to prevent projects that damage nature from being financed in the future are based on the case studies from Croatia, Hungary, Latvia, Poland and Slovenia.
Joint NGO proposals on the GAWB Action Plan: Parts 1 and 2 – Action Plan and Roadmaps
Briefing | 1 October, 2024 | Download PDFThis paper, developed by a group of NGOs led by Bankwatch, provides suggestions on combining the Action Plan and Roadmaps, updating the planned actions, and cancelling some which are too unclear or poorly defined.