EU-China summit an opportunity to tackle Chinese support for coal in southeast Europe
8 April, 2019
Brussels – With the EU-China summit kicking off in Brussels on April 9, Bankwatch launches a new analysis [1] showing 3.5 GW of new coal may be built in southeast Europe with Chinese support, including in EU member states Romania and Greece.
Read moreWill the EBRD Make a Better Offer on Public Information Disclosure and Engagement?
28 March, 2019
The European Bank for Reconstruction and Development (EBRD) will soon conclude the revision of three policies central to the environmental and social governance of its projects: the Access to Information Policy, Environmental and Social Policy, and Project Accountability Policy. Together, these three documents will form the core of the institution’s protocols ensuring communities’ right to information, right to development, and right to remedy.
Read moreEU parliament reverses course, votes for strong action on climate with future funds for Europe’s needy regions
27 March, 2019
For immediate release. Brussels, Prague – A vote today by the Parliament has excluded fossil fuels from the EUR 320 billion European Regional Development Fund (ERDF) and Cohesion Funds for 2021-2027, signalling a clear commitment to the EU’s obligations to reduce greenhouse gases under the Paris Agreement and its net-zero emissions Long Term Strategy.
Read moreWhen the EU’s bank can’t kick the fossil fuels habit
27 March, 2019
As the European Investment Bank (EIB) is nowadays preparing a new Energy Lending Policy to guide its investment in energy projects, it seems the world’s largest public lender is not willing to acknowledge its contribution to climate change, the biggest crisis currently facing humanity.
Read moreEnergy Community opens infringement procedure against Bosnia-Herzegovina over illegal Tuzla 7 state aid
26 March, 2019
The Energy Community Secretariat has today announced that it is officially opening a dispute settlement procedure on the planned Federal guarantee for a EUR 614 loan from the China Eximbank to build the Tuzla 7 coal power plant in Bosnia-Herzegovina.[1] The procedure can potentially lead to delays in the EU accession process and temporary suspension of financing by EU banks.
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