The many faces of coal subsidies. A glance at Romania.
29 May, 2012
The case of two Enel investments in Romania illustrates how subsidies for coal power can be ambiguous, but provide very concrete disincentives for investments in renewable energy.
Read moreThe EBRD should listen (better) to civil society in Arab Spring countries
22 May, 2012
In preparation to its extended lending to Arab Spring countries, the EBRD is conducting consultations with civil society. Yet the bank doesn’t seem to make an appropriate effort.
Read moreEBRD energy lending report: conflicting investments end up contradicting climate science
17 May, 2012
London – Almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels, according to a report issued today by CEE Bankwatch Network. Support for coal, oil and gas must be discontinued altogether, argues Bankwatch, if the bank’s commendable efforts on increasing financing for renewables and energy efficiency are to have a positive impact in the global fight against climate change.
Read moreThe European Investment Bank is not ready for a capital increase, NGOs say
15 May, 2012
Brussels – As EU Ministers of Finance are currently gathering at the Annual General Meeting of the European Investment Bank (EIB) to discuss a possible capital increase, civil society organisations that monitor the EIB say the bank is not ready for such a move.
Read moreThe writings on the European Parliament’s wall: Make the EIB choose a brighter future
15 May, 2012
Ahead of the European Investment Bank’s annual meeting, Counter Balance and Bankwatch have chosen an unconventional way to remind the EIB shareholders of the bank’s chequered track record.
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