Since becoming operational in 2021, the EU’s Modernisation Fund has disbursed more than EUR 20 billion, making it one of the EU’s largest financing instruments for energy investments in central and eastern Europe. Our analysis finds that between EUR 4.2 and 7.1 billion over the Fund’s first five years of operation went to investments that contradict the EU’s long-term climate, energy, and environmental objectives.
Explore our Multimedia Hub!
Our grid of resources showcases a variety of positive environmental solutions. Whether you are looking for impactful videos, informative infographics or examples of best practices, helpful content awaits here. Insights from central and eastern Europe on the EU budget and related funding.
Save the Neretva! #StopUpperHorizons
Upper Horizons is a large, controversial hydropower project in eastern Herzegovina, with three planned hydropower plants: Nevesinje, Dabar and Bileća. Through dams, reservoirs, tunnels and canals, water from the Neretva basin would be diverted toward the Trebišnjica basin. As well as harming people and nature across Herzegovina, the project would increase salination in Croatia’s Neretva delta, undermining agriculture and local people’s livelihoods. It’s high time to stop this damaging project!
Social Climate Navigator
The Social Climate Navigator is an interactive digital tool which clarifies 16 key concepts closely associated with the Social Climate Fund. The Navigator offers more than definitions – it visually illustrates how the social and climate aspects of each concept are interconnected, demonstrating why they cannot be treated in isolation and why both are fundamental to achieving a just and effective green transition.
Bringing about change. Local municipalities in Central and Eastern Europe as frontrunners in implementing green solutions
Our final report from the LIFE RePower the Regions project shows how towns and regions across 9 countries are taking concrete steps toward decarbonisation.
8 years of deadly breaches by Western Balkan coal plants
New ‘Comply or close’ report is out! The end of 2025 marked 8 years since coal power plants in the Western Balkans had to meet new air pollution standards. The Western Balkan governments must finally take responsibility for a managed coal phase-out and hold the energy utilities accountable for their lack of action.
