Bankwatch

Home > News > Press releases > Press release search results

Press release search results


Seven years after joining the EBRD’s Green Cities programme, is Yerevan’s green future going up in flames?

2 June, 2023

In May 2023, a massive fire broke out at the Nubarashen landfill on the outskirts of Yerevan, enveloping the city in a cloud of toxic smoke generated by the burning waste. It took 10 days and 2,300 truckloads of soil to extinguish the flames. Coming seven years after Yerevan became a pioneer by joining the European Bank for Reconstruction and Development (EBRD)’s Green Cities initiative, this incident is a stark reminder of the urgent need to adopt a safer and more sustainable approach to waste management and urban planning.

Read more

Towards energy democracy: launch of new financing tracker for energy communities in the EU

19 May, 2023

The EU’s Multiannual Financial Framework 2021-2027 offers a unique opportunity to use public finances to accelerate the energy transition. But to succeed, this transition must be inclusive, equitable and citizen-centred.

Read more

Latvia’s REPowerEU chapters – progress made and necessary investments

12 May, 2023

Most EU countries missed the deadline to submit additional REPowerEU chapters to national recovery and resilience plans on time, including Latvia, where few details about the reasons for the delay have emerged. Here are some ideas on how Latvia can make the best use of EU funds to help decarbonise its energy system and support its citizens.

Read more

European Commission urged to act on destructive hydropower projects in Romanian protected areas

11 May, 2023

Bankwatch Romania today submitted a complaint to the European Commission, seeking to reverse an Emergency Ordinance of the Romanian Government, which greenlights nine destructive hydropower projects (1) and is considered to breach three European Union Directives.

Read more

‘EU climate bank’ keeps back door open for fossil fuel giants

2 May, 2023

The European Investment Bank (EIB) made history with its decision to stop financing fossil fuel energy from 2022 onwards. By adopting the PATH Framework in October 2021, it seemed the EIB had finally set the conditions requiring its clients to disclose information on their corporate-level emissions, as well as decarbonisation plans. But a year later, it made a U-turn.

Read more