Progress with EU recovery fund hampered by fossil fuels investments and threats to nature
3 February, 2022
Brussels – Genuine efforts by Member States to direct spending from the EUR 672 billion Recovery and Resilience Facility towards climate action are being undermined by investments that are likely to harm the environment and climate, finds a new report by CAN Europe and CEE Bankwatch Network.
Read moreEU bank’s new environmental and social policy not fit for lofty development ambitions
2 February, 2022
The European Investment Bank (EIB) – the financial arm of the EU – has approved a set of new environmental and social standards that, despite some last-minute changes, leave the door open to human rights abuses and biodiversity destruction, warn civil society groups.
Read moreThe EIB’s safeguard rules must match its global ambitions
1 February, 2022
The EU’s house bank has great development aspirations, but its draft environmental and social policy has dangerous gaps that will come back to haunt it.
Read moreMajor blow to Bosnia hydropower project as Germany’s KfW drops financing plans
28 January, 2022
German development bank KfW has today confirmed that it is dropping plans to finance the controversial Janjići hydropower plant on the river Bosna in Bosnia and Herzegovina.
Read moreEU bank chief ‘ready to close gaps’ on rights abuses and environmental damage
27 January, 2022
At today’s annual press conference of the European Investment Bank, president Werner Hoyer committed his institution to be ‘second to none’ and take steps to correct a poor record of human rights violations and environmental damage caused by the world’s largest international lender.
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