Croatian civil society groups ask new government to withdraw from Ombla hydro project
16 December, 2011
Croatian environmental groups today held a protest action outside of the Croatian parliament calling on the country’s new government not to go ahead with the controversial EBRD-financed EUR 150 million Ombla HPP project.
Read moreThe new EIB transport policy: not yet ready for sustainability
12 December, 2011
On December 13, the EIB’s Board of Directors is about to approve the institution’s new Transport Policy. This new document constitutes an upgrade of the older 2007 Transport Policy of the bank which tries to incorporate the EU’s progressive agenda on the prevention of climate change (documents such as the “Europe 2020 Strategy” and the “Roadmap for moving to a competitive low-carbon economy in 2050”).
Read moreWorld’s largest public lender almost doubles support to fossil fuels in past 4 years
8 December, 2011
Brussels — The European Investment Bank has increased its fossil fuel lending from 2.8 billion euros to 5 billion euros between 2007 and 2010, according to a study published today by environmental NGO CEE Bankwatch Network.
Read moreThe struggle for a green Cohesion Policy has only just begun
1 December, 2011
While the potential of green investments is undeniable, statements from EU decision makers don’t paint the rosiest picture for a climate friendly Cohesion Policy 2014-2020.
Read moreIndependent 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.
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