EIB to weaken accountability mechanism, despite civil society criticism
13 November, 2018
Brussels – In a step backwards for the EU bank’s transparency and accountability, the Board of Directors of the European Investment Bank (EIB) has approved a controversial new policy [1] of its Complaints Mechanism, a move that will take the bank further away from the communities affected by its operations – say NGOs.
Read moreEBRD confirms it will not finance New Kosovo coal plant
13 November, 2018
Following the World Bank’s recent statement [1] that it will not provide support for the 500 MW New Kosovo coal power plant, the EBRD has now followed suit by confirming that it is not considering support for the project.
Read moreCarbon sleight of hand continues at Czech coal giant
12 November, 2018
The quasi state-owned Czech energy company ČEZ is up to its old tricks again. It celebrates a 30 % reduction in emissions, praising the public free allowances, and conveniently forgets to link the drop in emissions with the sale of some of its largest power plants.
Read moreRomania’s energy transition: to be or not to be
1 November, 2018
Facing numerous economic and environmental challenges, Romania’s energy industry needs a coherent, sustainable and stable action plan that prioritises transparency in decision-making and consultation of all involved. On 17 October, to identify the necessary measures, Bankwatch Romania organised a workshop titled Opportunities for transition to clean energy in Romania.
Read moreStrong Commission push for climate action in the next EU budget risks backslide in Parliament and Council
31 October, 2018
Today the Council of the EU is exchanging views on a key piece of the legislation that will govern the one trillion euro EU budget after 2020. While the Commission is proposing an ambitious target for climate spending, developments in the Parliament threaten this move.
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