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European Parliament criticises Serbia’s lack of progress on renewables

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February 4, 2014 | Read more

Facing criticism by the European Parliament of its progress on climate friendly energy sources, the Serbian government tells Bankwatch’s member group that the future of the country’s energy system is none of their business.

New EBRD policy too weak on tax havens in development finance

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February 3, 2014 | Read more

Debt and finance watchdog Eurodad has analysed the EBRD’s new policy on domiciliation and explains how it does not take the bold steps needed to tackle the use of tax havens in development finance.

Charts: The two worlds of EIB climate action

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February 3, 2014 | Read more

Our analysis of the latest available lending figures from the European Investment Bank show a striking imbalance between what was invested towards climate adaptation and mitigation in old and new EU Member States.

Guest post: A Balkan lesson for coal investors

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January 28, 2014 | Read more

When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year – like the one in Kosovo – there’s one word that should be seared into their memories: Sostanj.

Leaked document: Doubling of electricity tariffs in Ukraine, condition for EBRD nuclear safety loan

January 27, 2014 | Read more

The project through which the life time of old Ukrainian nuclear reactors is being prolonged with EBRD financing would not be economically feasible without a doubling of electricity tariffs, shows a document leaked to EurActiv last week.

UPDATED: Slovenia continues to fall into the economic abyss of the lignite plant at Sostanj

January 24, 2014 | Read more

Ljubljana – The scandal-marred lignite plant TES 6 at Sostanj in Slovenia will likely cost 1.44 billion euros (2 billion US), more than double than what was initially predicted, and is due to produce annual losses of 50 million euros, show calculations recently revealed by Slovenian media. These cost escalations, predicted by NGOs critical of the project, should constitute a word of caution for other countries in South-Eastern Europe that are considering building new coal capacities.

Trains, planes and citizens’ mobility – Axeing of Polish airport plan brings calls for improved train connections via EU funds

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January 22, 2014 | Read more

As countries around Europe strive in the first weeks of the year to conclude spending plans that will guide how they deploy billions of EU funds for the 2014-2020 budgetary period, last week saw a welcome move in Poland with the shelving of a controversial airport proposal that had been in line for EU support.

EBRD set to backtrack on environmental and social safeguards

January 22, 2014 | Read more

A draft released yesterday of the Environmental and Social Policy of the European Bank for Reconstruction and Development shows that, instead of strengthening the policy to provide for better implementation, the bank opens several loopholes which ensure that approval of financing is achievable for problematic projects.

[Campaign update*] New legal complaint on Plomin C

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January 17, 2014 | Read more

Zelena akcija/Friends of the Earth Croatia has submitted a complaint to the Croatian Constitutional Court as part of its ongoing campaign to prevent the construction of the Plomin C power plant, which would be run on imported coal.

Bosnia and Herzegovina breaches Energy Community Treaty commitments, says official NGO complaint

January 16, 2014 | Read more

Banja Luka – Bosnia and Herzegovina is failing on its Energy Community obligations by allowing Stanari lignite plant to pollute 2-3 times more than EU standards, shows an official complaint submitted today by NGOs Center for Environment from Banja Luka and ClientEarth to the Vienna-based Energy Community Treaty secretariat.

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