Secrecy surrounding €672 billion in EU recovery funding jeopardises building back better
9 February, 2021
Little is known about how Member States intend to use funds from the EU’s EUR 672 billion Recovery and Resilience Facility, raising concerns about the bloc’s ability to rebound from the economic downturn as it moves towards meeting Europe’s long-term climate and energy goals, finds new research by Bankwatch for the Green 10 network of environmental groups .
Read moreNEW REPORT: EU push for metals mining is a raw deal for people and environment
28 January, 2021
With a fair and digital transformation topping the priorities of the Portuguese EU presidency, the European Green Deal’s push for raw materials should not come at the expense of workers, local communities and nature, warns a new report from CEE Bankwatch Network.
Read moreThe public is still paying, hydropower operators are still profiting
27 January, 2021
More than a year after Bankwatch revealed the scale of hydropower subsidies in the Western Balkans, progress in eliminating environmentally harmful aid is still slow.
Read morePulling the ‘cotton’ over Uzbek eyes at latest EBRD investment
26 January, 2021
On 27 January 2021 the EBRD expects its Board of Directors to approve a loan of USD 70 million to Indorama Agro for the development of the cotton farming sector in Uzbekistan.
Read moreEIB needs fundamental reforms to back its sustainable finance plans
20 January, 2021
Following today’s annual press conference of the European Investment Bank (EIB), in which the Bank’s President Werner Hoyer, presented its role in supporting the EU’s response to the Covid-19 pandemic and the ensuing economic downturn in “smart and green” way, Bankwatch’s campaigners commented on the EIB’s sustainability track record and key deficiencies in the Bank’s policies that have been missing in President Hoyer’s statements today.
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