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Energy Community: Western Balkan coal subsidies worth over 1.2 billion euros in 2017

25 March, 2019

For immediate release. Energy Community countries propped up coal mining and electricity generation with direct and indirect public subsidies totalling at least 2.4 billion annually, out of which around half were provided by Western Balkan countries, shows a study (1) released today by the Vienna-based Secretariat of the Energy Community Treaty, the international treaty working to integrate the energy markets of the EU with those of its neighbours.

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Lack of ambition on full display as eastern Member States graded on first climate and energy plans submitted to Commission

22 March, 2019

Member States across central and eastern Europe continue to do less than their fair share in setting the course for the EU to meet its long-term energy and climate commitments, finds a new Bankwatch analysis [1] of the national energy and climate plans (NECP) in eight Member States.

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Romania’s dodgy math: will the country retire 2.2 GW of coal by the end of 2019?

13 March, 2019

Romania’s National Energy and Climate Plan (NECP) contains dodgy maths that seems to imply the country will retire 2.2 GW of coal by the end of 2019, according to an analysis of the document published today by Bankwatch Romania.

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Bosnia-Herzegovina Federal parliament guarantees Chinese coal plant loan in contempt of EU law

8 March, 2019

The Bosnia-Herzegovina Federal House of Representatives yesterday approved an illegal loan guarantee for a EUR 614 million China Exim Bank loan for the Tuzla 7 coal power plant, in blunt contempt of its commitment to abide by EU law on subsidies under the Energy Community Treaty.

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EIB and Volkswagen keen to return to business as usual

7 March, 2019

Long overdue, and short on content, a compact version of the investigation report on the role of EIB money in the Dieselgate scandal affirms Bankwatch’s revelations that helped trigger this important inquiry. But in its aftermath, there is little to suggest that the EU’s bank has done anything to ensure that the public money it manages will not be misused.

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