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Guest post: EBRD justification for supporting coal in Egypt’s cement industry is negligent

15 May, 2014

Colleagues from the Egyptian Centre of Economic and Social Rights criticise the European Bank for Reconstruction and Development’s too lax approach when examining its activities in Egypt’s cement sector.

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Balkan lynx stage protest at annual meeting of European Bank for Reconstruction and Development

15 May, 2014

A delegation of 20 lynx from Mavrovo National Park in Macedonia today occupied a corridor in the Polish National Stadium in Warsaw, where the EBRD Annual General Meetings are taking place 14-15 May. Their message: “EBRD, don’t finance the Boskov Most dam, as it will destroy the forest in which we live and eventually kill us.” The 20 delegates from Mavrovo Park constitute almost half of the little over 50 lynxes which still survive in the park today (the Balkan lynx is an endangered species).

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Funny business at EBRD meeting: sustainability champion Garanti fancies coal

14 May, 2014

The Turkish Garanti Bank, one of the winners of the Sustainability Awards of the European Bank for Reconstruction and Development is among the main coal investors in Turkey.

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Bankwatch analysis of EBRD operations in CEE at 25 years since the fall of the Berlin Wall

14 May, 2014

Warsaw – As the EBRD celebrates 25 years since the fall of the Berlin Wall and the benefits it has brought to its countries of operation in the post-socialist space, a new Bankwatch report criticises the bank for having systematically promoted a „markets above all” approach, which has often put democratic and environmental concerns on the back burner, and occasionally proved straightforwardly detrimental to the region. The Bankwatch analysis is available for download here: https://bankwatch.org/EBRD-stuck-in-market

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Planned contract for Plomin C coal plant most likely illegal state aid, says legal analysis

5 May, 2014

Zagreb, 05.05.2014 – A planned long-term power purchase agreement in which Croatian electricity company HEP will commit to buying at least 50% of electricity from the planned Plomin C power plant for 20-30 years will most likely be illegal under EU state aid rules, according to a new legal analysis by Hungary’s Environmental Management and Law Association (EMLA).

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