Reaction to the European Court of Auditors’ report on the green transition in the EU’s recovery fund
12 September, 2024
The European Court of Auditors’ report on implementation of EU’s recovery fund, published yesterday, casts a new shadow over the contribution of the fund to the green transition.
Read moreRomania’s big bet on fossil gas proves a reckless gamble
5 September, 2024
Romania has hit the EU funds jackpot, securing significant amounts for fossil gas projects. However, implementation has been sluggish. More concerningly, these projects could delay Europe’s energy transition and deepen Romania’s dependence on fossil fuels.
Read moreWestern Balkans: Chaotic, opaque selection process for EU infrastructure funding needs major improvements
29 August, 2024
The EU’s Western Balkans Investment Framework (WBIF) has spent billions of euros on infrastructure, mainly in transport and energy. But our new analysis, examining how countries choose projects to nominate for funding, finds a chaotic situation vulnerable to politically-driven decision-making. Clearer rules, public participation and earlier information disclosure are urgently needed.
Read moreEven with hard work, a just transition needs long-term support
8 August, 2024
The small town of Turceni in southwest Romania has long been a lignite stronghold. But its enormous coal power plant is gradually being closed. A team from Bankwatch recently visited and spoke to the deputy mayor about the town’s efforts to ensure a just transition.
Read moreFrom coal to clean energy: A Romanian initiative for sustainable employment
5 August, 2024
The transition to a low-carbon economic model is a radical paradigm shift that requires transformation at all levels, from individual behaviour to entire economic sectors. But it’s also an unprecedented opportunity to reinvent our relationship with the economy, one that respects nature and planetary boundaries.
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