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 But transforming energy systems, especially in central and eastern Europe, requires substantial investment due to outdated infrastructure and reliance on fossil fuels.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
A 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 moreWill Europe’s just transition pilot support locals in Slovakia?
Blog entry | 20 February, 2020A just transition for Slovakia’s Upper Nitra is already underway. But turning plans into projects which can actually bring about this transition will be no easy feat. One of the challenges ahead will be to ensure that there is both enough money invested in the region and a sufficient number of good quality projects–projects that don’t lock in carbon-intensive technologies–that support local people.
Read moreRelated publications
Cutting off the branch we’re sitting on: Urgent course correction needed on EU biodiversity financing to secure the EU’s natural resilience
Report | 31 October, 2025 | Download PDFHalfway through the implementation period of the EU Biodiversity Strategy for 2030, evidence is mounting that the EU and its Member States are not on track to fulfil their commitments.
Race to the top: Reform and investment proposals for the Social Climate Plans
Report | 31 October, 2025 | Download PDFEU Member States are now finalising their national social climate plans in order to access the EUR 86.7 billion Social Climate Fund from 1 January 2026.
The future of biodiversity financing: Where does it stand in the next EU budget
Briefing | 14 October, 2025 | Download PDFThis briefing explains what the next EU budget proposal may mean for funding projects which focus on nature restoration and protection.
