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News

A comeback to Polish prime minister Tusk’s backing of coal

Tusk-coal-announcement.jpg

September 13, 2013 | Read more

“Poland will continue to back coal (…) The future of Polish energy is in brown and black coal, as well as shale gas,” said on Tuesday Polish Prime Minister Donald Tusk, speaking at an event of the extractive industry.

New arrests link corruption with land expropriation at Serbian Kolubara mine

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September 11, 2013 | Read more

Land expropriation and corruption have been two recurring themes at the Kolubara mine. This week’s arrests indicate that they are closely connected.

Of horses and roads – protests in Ukraine highlight lack of safety

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September 11, 2013 | Read more

Demonstrations in Kiev have shown that road safety is not only for cars but also pedestrians and other traffic participants – a lesson that the Ukrainian road company still needs to learn and that the European Bank for Reconstruction and Development should be teaching more actively.

EBRD gives up Kolubara B lignite power plant project in Serbia

September 9, 2013 | Read more

Subotica, Serbia — The European Bank for Reconstruction and Development (EBRD) confirmed Friday September 6 that it is no longer interested in financing the 750 MW Kolubara B lignite power plant project near Belgrade in Serbia. The project is proposed by Serbian electricity company Elektroprivreda Srbija, with Italy’s Edison as a strategic partner.

Energy consultations reveal lack of strategic thinking at the EBRD

EBRD-Moscow-handover.jpg

September 6, 2013 | Read more

With another public action, colleagues in Moscow are today bringing to a close a week that has seen the European Bank for Reconstruction and Development having to listen to a lot of uncomfortable truths.

Nordic countries ‘no’ to coal is a glimmer of hope for EBRD energy lending

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September 5, 2013 | Read more

The global campaign to make the European Bank for Reconstruction and Development restrict its coal lending may have found new allies in Nordic countries after their declaration yesterday to seize overseas coal investments.

Thousands remind the EBRD that coal is not an option

EBRDhandoverBelgrade.jpg

September 4, 2013 | Read more

The European Bank for Reconstruction and Development received a little surprise visit this week from 16 000 voices against coal.

Pressure builds on EBRD to quit coal lending

September 4, 2013 | Read more

The European Bank for Reconstruction and Development lags behind other major international financial institutions that are moving away from supporting dirty energy projects.

Charts: Financial allocations for Cohesion Policy

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August 29, 2013 | Read more

Cohesion Policy decisions are heating up at national level while financial allocations for the period 2014-2020 have been published this week.

Reality, climate change and global attention is catching up on the ‘sustainable energy’ bank (EBRD)

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August 28, 2013 | Read more

As part of the consultation on its energy sector strategy the EBRD next week hosts public meetings in Istanbul, Belgrade and Moscow to discuss with civil society from its countries of operation. While public pressure is increasing to end coal financing it is important to note that restrictions to carbon-intensive investments must be strictly and clearly defined in the strategy document if they are to improve the EBRD’s climate impact. An article from Bankwatch’s 2012 annual report (pdf) illustrates how a too flexible approach allows the EBRD to greenwash also very dirty investments.

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