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Parliament gets tough on control of EU Bank’s funds

28 April, 2016

In its annual resolution on the European Investment Bank adopted today in Brussels, Members of the European Parliament have criticised the bank’s support to projects under corruption investigations. They also called on the EIB to go further on fighting climate change, tax evasion and tax dodging. Counter Balance and CEE Bankwatch Network welcome the positions taken today by the Parliament in this resolution.

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EU’s flagship climate instrument used to subsidise coal in Central and Eastern Europe

26 April, 2016

The EU’s carbon market rules allow Central and Eastern European Member States to invest up to €12 billion in coal powered energy production. As representatives of the EU Member States are due to discuss the EU ETS this Wednesday, the new publication “Fossil fuel subsidies from Europe’s carbon market” adds momentum to the need to overhaul this policy.

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For European public finance, where will all roads lead from Paris?

22 April, 2016

Signing the Paris Agreement is an important step in Europe’s contribution to the global effort to tackle the climate crisis. But funding this commitment necessarily passes through the public coffers. To kick-start the much-needed energy transition– by swiftly cutting emissions to reach the global carbon neutrality the Paris Agreement prescribes for the second half of this century –a change of paradigm in public investments in energy infrastructure is needed.

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Europe’s Keystone XL: Planned gas pipeline is reckless

15 April, 2016

The Southern Gas Corridor risks locking in higher fossil fuel dependence and wasting colossal amounts of public money.

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Aid Transparency Index: improvements for Europe’s multilateral development banks but still a long way to go

13 April, 2016

As the 2016 Aid Transparency Review shows some improvement for the two main European lenders, they are still far from reaching satisfying transparency standards.

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