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Kambarata hydropower project: greater scrutiny from international banks is needed 

19 December, 2025

Kyrgyzstan is promoting the massive 1,860 MW Kambarata-1 Hydropower Plant (HPP) as a solution to its ongoing energy crisis. The project, a joint effort with Uzbekistan and Kazakhstan on Naryn River, is actively seeking funding from international financial institutions like the World Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB).  

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EU climate fund commits over half a billion to fossil gas expansion

18 December, 2025

Several fossil gas and waste incinerator projects eyed by EU Member States have rightly been excluded from the latest Modernisation Fund investment round. But gas-fired power plant projects in Czechia and Bulgaria have secured a total of EUR 630 million in future financing.

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The ‘do no significant harm’ principle revisited – lessons from Poland for the next EU budget

16 December, 2025

The ‘do no significant harm’ (DNSH) principle is supposed to prevent EU funds from being invested in projects that harm the environment and undermine climate action. Though the principle is meant to increase awareness of the importance of environmental aspects in EU-funded projects, weak and incoherent implementation has hampered its effectiveness across the EU. Lessons learnt in Poland, the largest beneficiary of EU funds, can help improve the application of the ‘do no significant harm’ principle in the next EU long-term budget.

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Latest EU hydrogen push prolongs gas industry hold over Europe’s energy transition – new report

10 December, 2025

The Projects of Common and Mutual Interest (PCI/PMI) list unveiled by the European Commission last week will do little to advance Europe’s energy transition and much more to perpetuate its fossil fuel import dependence, shows a report published today by CEE Bankwatch Network and Food and Water Action Europe. It will also burn much of the limited public funding that should be spent on electrification, according to the analysis.

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Ukraine Facility’s next chapter: From patchwork to principles

9 December, 2025

As the EU looks ahead to rebuilding and integrating Ukraine, the design of its support instruments under the next Multiannual Financial Framework (2028–2034) will shape not only reconstruction on the ground, but also the credibility and long-term sustainability of EU policies.

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