The EBRD plans more climate damaging loans in new energy policy draft
22 July, 2013
London – The European Bank for Reconstruction and Development (EBRD) published July 19 a draft (pdf) of its future energy policy. According to CEE Bankwatch Network, although the bank correctly depicts the urgency of transitioning towards low-carbon economies, it falls short when it comes to commitments: lending to fossil fuels is envisaged to continue, including for coal, the dirties of fossil fuels; and promises to support renewables and energy efficiency, though welcome, are not accompanied by persuasive benchmarks and timelines.
Read moreNew facts are busting energy myths
18 July, 2013
Adequate decision making on energy policies must be based on accurate information and cannot rely on outdated knowledge and misconceptions. A new series of fact sheets explores the myths and facts of Europe’s energy sector.
Read moreUPDATED: A guide to examining the European Investment Bank’s energy lending portfolio
17 July, 2013
A thorough check of the European Investment Bank’s energy lending data shows that not all is as rosy as the EIB would like to see it. We’ve paired up with Open Spending to provide an introduction into how to interpret and scrutinise the numbers.
Read moreThe EIB and development, a chance to clean up the bank’s act
11 July, 2013
The current review of the European Investment Bank’s mandate for lending outside of the EU brings some of the pitfalls of the bank’s development lending to the fore and offers a chance for improvements.
Read moreEnvironment ‘hollowed-out’ of future Cohesion Policy – NGOs slam EP vote
10 July, 2013
Brussels, July 10, 2013 – The green potential of a third of Europe’s budget for 2014-2020 has been hollowed-out following a vote in the European Parliament today, according to Bankwatch and Friends of the Earth Europe. The committee for regional development (REGI) has approved proposals to reform EU Structural Funds – money intended to improve the economic well-being of regions – which include a last-minute shift from legally-binding to voluntary environmental spending.
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