The EU’s flagship investment scheme must not become backdoor for fossil fuel financing
7 October, 2019
A half trillion euro subsidies scheme and part of the so-called Juncker Plan, the European Fund for Strategic Investment (EFSI) has been portrayed by its promoters, the European Commission and the European Investment Bank as a major success story, albeit with little evidence to back such claims.
Read moreClimate neutrality or annihilation?
3 October, 2019
Today’s announcement by Estonia to reach climate neutrality by 2050 rings hollow given the country’s plans to increase shale oil production.
Read moreCan European Parliament make ICT fair?
1 October, 2019
On the morning of the 1 October, the Make ICT Fair consortium held a breakfast event at the European Parliament in Brussels attended by around thirty participants. The event was hosted by Austrian MEP Monika Vana of the Greens/EFA and Swedish MEP Abir Al-Sahlani of Renew Europe in the Members Salon of the Parliament.
Read moreToo soon to call the “Juncker Plan” a success – new report
1 October, 2019
The EU’s next major investment scheme, succeeding the so-called Juncker Plan, is likely to be central to the ‘European Green Deal’ touted by European Commission President Ursula von der Leyen. But a report released today by watchdog NGOs Counter Balance and CEE Bankwatch Network finds the Juncker Plan has so far shown weaknesses in its transparency, sustainability, geographical concentration and additionality, and calls for improvements for its post-2020 phase.
Read moreIn Estonia, taming the IT tiger
26 September, 2019
In parallel to the UN Climate Summit, Bankwatch sends our experts on Just Transition to Estonia to share with locals the experience from coal mining countries that have started to develop action plans for regions that would need to go through re-development due to coal phase-out.
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