Radio silence on gas allegations: European Commission breaks another deadline to respond to Bankwatch’s complaint
21 October, 2021
The European Commission’s Directorate General for Energy is dragging its feet in answering allegations on its role in the selection of priority gas pipelines in the Western Balkans and Caucasus region. The delays threaten to diminish the chances of the Ombudsman’s findings being taken into account while developing new EU energy rules.
Read moreNew report: European Investment Bank hydropower failures necessitate tighter rules
21 October, 2021
The European Investment Bank has financed a series of damaging hydropower projects since 2010 which underline the need to tighten its environmental and social standards, according to a new report published today by CEE Bankwatch Network and EuroNatur.
Read moreIEA call to public finance institutions: End of finance for new fossil fuel projects & massive scale-up of clean energy spending needed
14 October, 2021
Our energy systems are a long way from alignment with the pathway to stay below a 1.5°C rise in global temperatures, according to the International Energy Agency (IEA) World Energy Outlook 2021 report published yesterday.
Read moreKenya energy project exposes the dark side of EU development funds
13 October, 2021
A third of the European Investment Bank (EIB) portfolio in 2020 went through financial intermediaries, a channel that has already enabled multiple projects with devastating consequences for nature and communities with virtually zero accountability. The ongoing review of the EIB’s environmental and social standards is a crucial opportunity to ensure transparency and proper scrutiny of all projects supported with European public money.
Read moreEIB misinterprets EU’s development finance needs
12 October, 2021
The European Investment Bank (EIB) has long been seeking to take a more significant role in the EU’s overseas development effort. But it has also been resisting calls to upgrade its policy on the environmental, social and human rights ramifications of the projects it supports.
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