Resavica: Serbia’s canary in the coal mine
13 July, 2015
After decades of powering Serbia it seems the coal business in the country is on life support. Yet policymakers in Belgrade refuse to consider alternative sources of energy.
Read moreMEPs challenge EU financial support for Ukraine’s Soviet-era nuclear fleet
1 July, 2015
Twenty-five Members of the European Parliament (MEPs) have signed a letter today urging the European Bank for Reconstruction and Development (EBRD) and Euratom to suspend their financial support for Ukraine’s ageing nuclear reactors until the potential environmental impacts of their prolonged operation in Ukraine and on neighbouring countries are fully assessed. The letter is available on the Bankwatch website.
Read moreRomanian environmental inspectorate orders closure of two coal plants operating outside EU pollution laws
30 June, 2015
Last week the Environmental Inspectorate in Hunedoara, Romania demanded the closure of two thermal power plants at Mintia and Paroşeni, because neither of the units complies with air quality requirements of the EU’s Large Combustion Plants Directive (LCPD). Hunedoara Energy Complex, which manages the Mintia and Paroşeni plants, has challenged the decision in court.
Read moreEuropean Parliament approves Juncker Investment Plan, lacks guidance and oversight
25 June, 2015
Today the European Parliament approved the regulation establishing the European Fund for Strategic Investments (EFSI) at the heart of President Juncker’s EUR 315 billion investment plan. But critics say that the regulation lacks clear provisions for oversight of the fund and guidance for investments in green, sustainable and resource-efficient projects that are part of the fund’s mandate.
Read moreAfter Slovenia’s Sostanj coal power plant debacle, is any bank going to finance Croatia’s Plomin C?
12 June, 2015
Slovenia’s newly built Sostanj 6 is expected to generate losses of around EUR 200 million over the next 3-4 years. Given that Croatia’s Plomin C project shares some of Sostanj 6’s features could Croatia be about to repeat its neighbour’s mistakes?
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