A third of European Investment Bank lending evades environmental and social rules
21 September, 2021
More than a third of the European Investment Bank (EIB)’s EU lending is carried out via intermediaries. Yet most of this money disappears into a black hole, with no information published about the final beneficiaries and no checks by the EIB about their environmental and social impacts. The EIB’s new safeguard framework is supposed to address this, but the draft text leaves the Bank far behind its peers.
Read moreThe European Parliament at risk of losing sight of climate crisis by getting ready to support new fossil gas projects
10 September, 2021
10th September 2021, Brussels – A majority in the European Parliament, including the Socialist and Democrats (S&D), look set to vote to lock in upwards of 213 million tonnes of carbon from fossil gas, as part of the revision of the EU’s key energy infrastructure law, the TEN-E Regulation.
Read moreEU complicity in colossal, lawless air pollution from Balkan coal plants must prompt swift action – new report
7 September, 2021
Around 19,000 people are estimated to have died over the past three years as a result of air pollution from Western Balkan coal-fired power plants, according to a report released today by CEE Bankwatch Network and the Centre for Research on Energy and Clean Air.
Read moreHow to monitor the spending of the EUR 672 billion recovery fund
31 August, 2021
Following the European Commission’s assessment, the majority of recovery plans have now been approved by the Council of the EU, paving the way for an unprecedented amount of money to be made available to Member States. However, with both the Commission and Member States rushing to disburse funds as quickly as possible, ensuring sufficient monitoring and control mechanisms are in place will be more important than ever before.
Read moreThe beginning of the end – coal phase out in Romania
16 August, 2021
On 27 July, the most polluting coal power plant in Romania was shut down. After more than 50 years in service, the Mintia power plant is closing because it has failed for a long time to comply with the legal emissions limit. The European Commission sent infringement notices to Romania five years in a row for non-compliance with the Industrial Emissions Directive. At the same time, two units at Oltenia Energy Complex, Romania’s largest lignite power producer, will be closed by the end of the year. For Romanian coal power, this is the beginning of the end.
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