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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
Poland’s recovery planning lacks public consultation and transparency
Blog entry | 10 February, 2021With EUR 57 billion at stake, a letter from environmental CSOs urges the Polish Prime Minister to open the planning process for the National Recovery and Resilience Plan (NRRP) to the public.
Read moreO unijne miliardy na transformację energetyczną Polska musi jeszcze powalczyć
Bankwatch in the media | 23 January, 2021Tym razem nie jest tak, że nam się po prostu należy. O pieniądze, które mają wesprzeć niełatwy projekt zmian w regionach górniczych, trzeba …
Read moreEl IIDMA ve necesario una planificación anticipada de procesos de transición justa ante el cierre de centrales de carbón
Bankwatch in the media | 17 December, 2020El Instituto Internacional de Derecho y Medio Ambiente (IIDMA), junto con la coalición Europe Beyond Coal(EBC) y Bankwatch Network, han señalado que, a medida que las centrales de carbón cierran en favor de las energías renovables, se debería asegurar una planificación anticipada de los procesos de transición justa para asegurar las oportunidades económicas y de bienestar para las comunidades y trabajadores afectados por estos cierres.
Read moreRelated publications
RePowering the regions: How working groups can support local decarbonisation efforts
Briefing | 18 December, 2025 | Download PDFThis briefing analyses the work of four decarbonisation working groups established in just transition regions in Latvia, Slovakia, Estonia and Hungary.
Put nature at the centre of the 2028–2034 EU budget
Joint letter | 16 December, 2025 | Download PDFThis joint letter urges leaders to put nature back at the centre of the 2028–2034 EU budget.
Bankwatch’s position on the EU’s 2028–2034 Multiannual Financial Framework proposal
Policy position | 12 December, 2025 | Download PDFOur position paper analyses the European Commission’s proposal for the 2028–2034 Multiannual Financial Framework, highlighting how it falls short of addressing Europe’s urgent investment needs.
