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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
How to start a just transition in Gorj, Romania
Blog entry | 14 April, 2020An assessment report by Bankwatch Romania in Gorj County, the largest carbon-intensive region in Romania, shows that coal mining and energy production from coal is already inefficient for the local economy.
Read moreA dozen green deal steps for the new Slovak government
Blog entry | 1 April, 2020With the appointment of a new centre-right government in Slovakia on 21 March, the Slovak Climate Initiative prepared a twelve point programme to move Slovakia closer to its climate and energy goals.
Read moreJust Transition Fund needs stronger safeguards on inclusion and decarbonisation
Blog entry | 20 March, 2020Last week, the feedback period on the EU’s proposed regulation for the Just Transition Fund (JTF) closed. CEE Bankwatch Network was among over 150 organisations and individuals that submitted comments.
Read moreRelated publications
Proposals for the next EU budget
Policy comments | 24 April, 2025 | Download PDFOur current crises stem from the environmental and social injustices of past decades. It is therefore essential that we learn from current EU budget instruments to create a coherent, strategic, enforceable and accessible framework for the next EU budget.
Biodiversity funding in the EU’s next long-term budget: Opportunities and risks for national plans
Statement | 27 March, 2025 | Download PDFThis joint statement highlights the key opportunities and challenges for improving the design and deployment of biodiversity financing in the next EU budget, particularly if national plans are introduced.
Avoiding the death of LIFE: Why Europe’s flagship environmental programme must remain part of the next EU budget
Issue paper | 24 March, 2025 | Download PDFThe LIFE programme, a proven and effective resource for financing biodiversity, is widely regarded as one of the EU’s best performing funds.
