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News

Europe’s leaders must not subsidise fossil fuels with next EU budget, say NGOs

June 26, 2012 | Read more

Luxembourg — Ahead of discussions this week about how the next one trillion euros EU budget will be spent, EU ministers are being urged to get rid of provisions that would allow public money to subsidise the fossil fuels industry.

Europe’s unequal partnerships – a sad tale about energy

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June 25, 2012 | Read more

A too strong focus on energy security is steering Europe’s engagement with neighbouring states in a troublesome direction for the partnering countries.

Environmental study for illegal coal plant gets thumbs up in Croatia

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June 21, 2012 | Read more

The Plomin “C” coal power plant in Croatia is illegal – so why has its environmental impact assessment been given the thumbs up?

3:1 against Ombla, Croatia must stop gung-ho investment

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June 20, 2012 | Read more

3 out of 4 experts gave a negative opinion on the environmental study of the Ombla hydropower plant. Now the Croatian government must heed their warnings and stop the project.

#Endfossilfuelsubsidies in Ukraine

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June 19, 2012 | Read more

Joining a global day of action against fossil fuel subsidies, Bankwatchers in Ukraine highlighted how much still needs to be done in their country.

The EIB in Greece: by the numbers

June 15, 2012 | Read more

As Europe’s financial establishment braces for the results of tomorrow’s Greek elections and Eurozone officials dangle the carrot of a new European Investment Bank programme in front of Athens, we’ve prepared a snapshot of previous EIB loans in the country. [1] [2] [3] [4] (NB: any tricolour similarities are entirely coincidental.)

Between the headlines: EBRD expansion demands policy-driven approach

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June 14, 2012 | Read more

With the European Parliament’s ratification of the expansion of EBRD operations to north Africa the question arises again: Is the bank fit for this purpose? The Parliament’s answer sounds like a resounding ‘maybe’.

Member States stepping back from EU’s low-carbon investment agenda

June 13, 2012 | Read more

Brussels – Representatives of EU Member States meeting tomorrow in Brussels intend to promote the financing of gas distribution, storage and transmission from Cohesion Policy funds meant for low-carbon measures in the next EU budget. Such support for gas would mean the EU’s dependency on fossil fuels will continue for decades, undermining global efforts to combat climate change.

The revolution should not be privatised

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June 12, 2012 | Read more

Pushing for public-private partnerships will not support democratisation in the Arab Spring countries but risks increasing their public debt. Our new website brings together the PPP lessons that Europe should have learned.

The EU’s electricity imports from neighbouring countries: at what cost?

June 8, 2012 | Read more

Kiev — Despite being the place of one of the most terrifying nuclear accidents in the world, Ukraine is currently working on expanding the lifespan of 13 of its old Soviet-style reactors, with electricity exports to the European Union in mind. In a study published today, CEE Bankwatch Network is revealing how the EU and its financing institutions are promoting electricity imports to the EU which are likely to have highly damaging consequences for the exporting countries.

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