EBRD joins other financial institutions in restricting coal lending
10 December, 2013
The European Bank for Reconstruction and Development (EBRD) approved today during a vote of its Board of Directors a new Energy Strategy. The document is meant to give guidance on how to strategically use the bank’s resources over the next years to promote energy security and affordability and avoid dangerous climate change.
Read moreEBRD soft on coal sector corruption, new analysis shows
9 December, 2013
The European Bank for Reconstruction and Development has been approving financing for coal projects over which corruption allegations loom, and in some cases even while official corruption investigations were underway, according to an analysis published by CEE Bankwatch Network today.
Read moreGet your EU funds house in order – Hungarian group takes climate and jobs appeal direct to government’s doorstep
6 December, 2013
With only a few weeks to go now until final crucial decisions are taken that will determine Hungary’s EU spending plans for the next seven years, Bankwatch’s Hungarian member group MTVSZ decided last week that it was about time the Hungarian government got its house in order when it comes to beneficial EU allocations for cutting domestic energy bills, stimulating the Hungarian economy and fighting climate change.
Read moreUkrainian nuclear sector in defiance and in financial trouble
4 December, 2013
On November 28, the state nuclear regulator of Ukraine (SNRIU) allowed the continued operation of unit 1 of the South Ukrainian nuclear power plant (SUNPP-1) until December 2, 2023 – 10 years beyond its technically designed lifetime. The decision not only constitutes a breach of national regulation, but also disregards an unresolved case of non-compliance with the UN Espoo Convention. All this while Energoatom is in an increasingly tight financial situation.
Read moreUPDATED: Six months and counting… EBRD silent on investigations into its own operations
3 December, 2013
Is the EBRD deliberately dragging its feet on publishing investigation reports on large hydropower plants in Georgia, Macedonia and Croatia?
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