NGOs challenge decision to approve Belgrade incinerator operating subsidies
15 October, 2019
The Ne Davimo Beograd initiative has this week challenged a decision by the Ministry of Mining and Energy to grant feed-in tariffs to Beo Čista Energija d.o.o. for the planned Vinča waste incinerator in Serbia, to be financed by the EBRD, IFC and Austrian development bank OeEB.
Read moreDecision on a fossil fuels ban at the EIB postponed once more
15 October, 2019
Today the European Investment Bank (EIB) decided to again, postpone the long overdue adoption of a new Energy Lending Policy. This delay is mostly due to tensions around the EIB’s proposal to phase out lending to fossil fuels. Several shareholders, including Germany, and the European Commission are pushing back on what would be a precedent in the fight against climate change.
Read moreEuropean Commission criticises the EIB’s role as a development bank
11 October, 2019
The European Commission recently published an evaluation of EIB development operations under its External Lending Mandate during the period 2014-2018. The Commission’s findings confirm our previous assessments and repeated calls for improvements in the fields of transparency, human rights due diligence and development impacts of EIB projects.
Read moreThe 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.
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