NGOs urge the European Investment Bank not to finance the Southern Gas Corridor
28 January, 2016
A group of 27 NGOs sent an open letter to the President of the European Investment Bank (EIB) today urging the Bank not to finance the Southern Gas Corridor, a 3500 kilometres-long chain of gas pipelines from Azerbaijan to Europe.
Read moreReport finds development banks fail people harmed by their projects
27 January, 2016
A new report launched today documents the hurdles communities and workers face in obtaining remedy from development banks whose projects cause them harm. The 11 civil society organizations that authored the report, Glass Half Full? The State of Accountability in Development Finance, call on development banks and the governments that run them to strengthen their systems for providing remedy to those harmed by the activities financed by the banks.
Read moreWhat EU money can’t buy: Poland’s green energy transition just out of reach
26 January, 2016
Billions of euros of European funds will be invested in Poland between 2014 and 2020 under the heading of sustainable development and climate action. But without sound strategies and political will to decarbonise its economy, Europe’s biggest coal addict is set to waste the transformative potential of EU money – and Brussels is letting it happen.
Read moreMisuse of EU funds holds back Europe’s clean energy transition
26 January, 2016
The new member states from Central Europe misuse the EU funding aimed at decarbonising their energy systems.
Read moreNEW REPORT: Misguided spending by enfants terribles is undermining Europe’s transition to a fossil-free future
26 January, 2016
Brussels/Prague, 25 January 2016 – EU billions destined to transform the carbon-intensive, inefficient energy systems of central and eastern Europe are being misspent, finds a new report today by CEE Bankwatch Network and Friends of the Earth Europe. Bad spending plans and a lack of climate commitments from nine central and eastern European governments is hampering Europe’s transition away from fossil fuels, the groups say.
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