Three governments are seeking EU money to deepen fossil gas dependence under the guise of energy emergency
27 July, 2023
Although the EU has managed to brave the energy emergency triggered by Russia’s assault on Ukraine, a Bankwatch report released today reveals that the Polish, Croatian and Bulgarian governments are still seeking at least EUR 1.5 billion in EU public money to build new fossil gas infrastructure under the guise of an emergency response.
Read moreEuropean Ombudsman urges European Investment Bank to enhance transparency – once again!
26 July, 2023
The European Investment Bank (EIB), the EU’s lending arm, is facing renewed pressure to improve its transparency (1). In a recent decision, the Ombudsman highlighted the EIB’s insufficient justification for withholding access to environmental information related to a significant loan granted to Poland’s largest state-owned energy utility, PGE (2).
Read moreRenewable energy permitting in Bosnia and Herzegovina: how to optimise the process while safeguarding the environment and public participation
25 July, 2023
Investors complain about excessive administrative requirements to build wind farms, but the poorly-controlled proliferation of hydropower plants indicates a dearth of environmental and social safeguards. How can sustainable renewables be built quickly enough while protecting nature and ensuring public participation?
Read moreCivil society calls for the EU’s Ukraine Facility to prioritise the Partnership Principle and environmental conditionality
20 July, 2023
Today, Bankwatch together with Ecoaction (1) and Razom We Stand (3) submitted initial comments to the European Parliament, urging the integration of the Partnership Principle and environmental conditionality in the legislation on the Ukraine Facility.
Read moreBosnia and Herzegovina’s draft NECP: The good, the bad and the ugly
20 July, 2023
Bosnia and Herzegovina’s draft NECP finally looks to the future, plans no new fossil fuel power plants and significantly scales back unrealistic hydropower plans. But existing coal plants are to keep operating illegally and the draft is furtive about coal-to-biomass plans.
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