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Nordic countries ‘no’ to coal is a glimmer of hope for EBRD energy lending

5 September, 2013

The global campaign to make the European Bank for Reconstruction and Development restrict its coal lending may have found new allies in Nordic countries after their declaration yesterday to seize overseas coal investments.

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Thousands remind the EBRD that coal is not an option

4 September, 2013

The European Bank for Reconstruction and Development received a little surprise visit this week from 16 000 voices against coal.

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Pressure builds on EBRD to quit coal lending

4 September, 2013

The European Bank for Reconstruction and Development lags behind other major international financial institutions that are moving away from supporting dirty energy projects.

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Charts: Financial allocations for Cohesion Policy

29 August, 2013

Cohesion Policy decisions are heating up at national level while financial allocations for the period 2014-2020 have been published this week.

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Reality, climate change and global attention is catching up on the ‘sustainable energy’ bank (EBRD)

28 August, 2013

As part of the consultation on its energy sector strategy the EBRD next week hosts public meetings in Istanbul, Belgrade and Moscow to discuss with civil society from its countries of operation. While public pressure is increasing to end coal financing it is important to note that restrictions to carbon-intensive investments must be strictly and clearly defined in the strategy document if they are to improve the EBRD’s climate impact. An article from Bankwatch’s 2012 annual report (pdf) illustrates how a too flexible approach allows the EBRD to greenwash also very dirty investments.

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