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Financial trouble of Ukraine’s nuclear operator calls Europe’s financial support into question

6 June, 2016

Energoatom is currently unable to serve loans from European institutions. Even though a European Commission study assessed the company’s credit worthiness, Ukrainian taxpayers now have to pay back part of the loans.

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Bankwatch and Counter Balance statement on the mid-term review of the Investment Plan for Europe

1 June, 2016

Brussels, Prague – European Commission Vice President Jyrki Katainen presented today the mid-term result of the Investment Plan for Europe. The European Fund for Strategic Investments (EFSI), the financial arm of this investment strategy, was established by the European Commission and the European Investment Bank (EIB) in 2015 with the aim of mobilising private investments to stimulate the European economy.

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Slovakia’s EU presidency: a chance to improve European biomass regulations

30 May, 2016

In its EU funds spending plans, Slovakia has shown commendable dedication to making bioenergy more sustainable. Taking over the EU presidency in June, it will have a unique chance to apply its expertise to improve European regulations on biomass.

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In contrast to the EU, Western Balkans’ coal investments still heavily outweigh wind – but for how long?

27 May, 2016

Last year in the EU, 12.8 GW of wind power capacity was installed – more than any other electricity generation source. This means that wind can now generate 11.4% of the EU electricity consumption in a normal wind year, according to Wind Europe. At the same time Belgium and Scotland have shut down their last coal plants, signalling the golden days of coal are far behind them.

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Western Balkan countries invest more than twice as much in coal as in wind power: new Bankwatch analysis

26 May, 2016

Western Balkan countries are planning investments in wind power, but these are being heavily outweighed by their investments in coal plants, according to a CEE Bankwatch Network analysis launched today. The region’s governments are actively planning 2800 MW of new coal plants but allowing only around 1166 MW of wind power plants to be built.

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