Independent analysis questions economic viability of TES 6
28 November, 2011
Ljubljana – An independent analysis commissioned by Bankwatch and Focus published today reveals a number of unsubstantiated claims and methodological mistakes in the investment plan for the TEŠ 6 lignite plant in Slovenia. Correct calculations show that the internal rate of return is in reality lower than estimated by the project promoter, state-owned TEŠ. Had the rate of return been calculated properly, the project would not have qualified for the EIB loan of 440 million euros it is set to receive.
Read moreNGOs condemn EBRD financing of biodiversity destruction in Croatia
23 November, 2011
Zagreb — Croatian environmental organisations Zelena akcija/Friends of the Earth Croatia, the Croatian Biospeleological Society, Transparency International Hrvatska, Srđ je naš, Baobab, Eko Zeleno Sunce, Brodsko ekološko društvo-BED, Center for Environment (B&H), Eko-Zadar, WWF MedPO and regional organisation CEE Bankwatch Network have described as “extremely irresponsible” the approval yesterday by the European Bank for Reconstruction and Development of a EUR 123 million loan for the construction of the Ombla underground hydropower plant near Dubrovnik. [1]
Read moreEuropean public banks must disengage with Egypt’s military junta
22 November, 2011
In light of the violence against civilians on the streets of Egypt today, CEE Bankwatch Network is requesting that the European Investment Bank and the European Bank for Reconstruction and Development immediately cease discussions and negotiations with the Egyptian government and authorities on all levels about potential financial involvement in the country until the Supreme Council of the Armed Forces (SCAF) cedes power to civilian leaders, the country has a legitimately-elected civilian government in control of the army, and military trials come to an end.
Read moreThere you have it: Green investments do create jobs
18 November, 2011
A study from the Czech Republic vividly confirms the positive economic impact of public support schemes for energy efficiency investments. The future Cohesion Policy can offer valuable stimuli for such schemes – if EU Member States set the right priorities now.
Read moreFive ways to bring Cohesion Policy closer to citizens
17 November, 2011
By allowing open and inclusive consultations on the future Cohesion Policy, Latvia is not only devising its national position in a more democratic way than other EU Member States. It is also setting an example for actually getting people interested in it.
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