Billions of EU recovery money to support fossil fuels
31 May, 2021
Several EU states plan to use the EUR 672 billion Recovery and Resilience Facility to expand fossil gas infrastructure using loopholes in the fund’s regulations. These proposals do not comply with objectives of the European Green Deal and recent recommendations from the International Energy Agency to end funding for fossil fuels, warns CEE Bankwatch Network.
Read moreCancellation of Serbia’s Kolubara B coal plant opens space for decarbonisation
26 May, 2021
Earlier this week, Serbian media announced that plans for the new 350 MW Kolubara B coal power plant have been halted. This is a strong demonstration of political will as the Ministry for Mining and Energy seeks to steer the country towards energy transition. Several more courageous moves will be needed to cement this path and make sure no-one is left behind.
Read moreLast call for EU bank to uphold UN treaty on transparency
19 May, 2021
For too long, transparency and public participation have been a low priority for the European Investment Bank (EIB). Now it appears the world’s largest international lender is even in breach of international environmental law on access to information and public participation.
Read moreCzechia, Greensill and why more openness is needed from its export agencies
19 May, 2021
State support for exports is one part of a national budget where citizens are not sufficiently informed about how their taxes are being spent, and this is problematic given the vast financial flows to investments with questionable results.
Read moreNew Bankwatch publication: Eight steps for a just transition in the Western Balkans
18 May, 2021
Based on three years of working on just transition in central and eastern European countries, Bankwatch has put together a set of guidelines which countries in the Western Balkans now embarking on the process can use to launch their own just transition.
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