December 8, 2011 | Read more Brussels — The European Investment Bank has increased its fossil fuel lending from 2.8 billion euros to 5 billion euros between 2007 and 2010, according to a study published today by environmental NGO CEE Bankwatch Network.
December 1, 2011 | Read more While the potential of green investments is undeniable, statements from EU decision makers don’t paint the rosiest picture for a climate friendly Cohesion Policy 2014-2020.
November 28, 2011 | Read more Ljubljana – An independent analysis commissioned by Bankwatch and Focus published today reveals a number of unsubstantiated claims and methodological mistakes in the investment plan for the TEŠ 6 lignite plant in Slovenia. Correct calculations show that the internal rate of return is in reality lower than estimated by the project promoter, state-owned TEŠ. Had the rate of return been calculated properly, the project would not have qualified for the EIB loan of 440 million euros it is set to receive.
November 23, 2011 | Read more Zagreb — Croatian environmental organisations Zelena akcija/Friends of the Earth Croatia, the Croatian Biospeleological Society, Transparency International Hrvatska, Srđ je naš, Baobab, Eko Zeleno Sunce, Brodsko ekološko društvo-BED, Center for Environment (B&H), Eko-Zadar, WWF MedPO and regional organisation CEE Bankwatch Network have described as “extremely irresponsible” the approval yesterday by the European Bank for Reconstruction and Development of a EUR 123 million loan for the construction of the Ombla underground hydropower plant near Dubrovnik. [1]
November 22, 2011 | Read more In light of the violence against civilians on the streets of Egypt today, CEE Bankwatch Network is requesting that the European Investment Bank and the European Bank for Reconstruction and Development immediately cease discussions and negotiations with the Egyptian government and authorities on all levels about potential financial involvement in the country until the Supreme Council of the Armed Forces (SCAF) cedes power to civilian leaders, the country has a legitimately-elected civilian government in control of the army, and military trials come to an end.
November 18, 2011 | Read more A study from the Czech Republic vividly confirms the positive economic impact of public support schemes for energy efficiency investments. The future Cohesion Policy can offer valuable stimuli for such schemes – if EU Member States set the right priorities now.
November 17, 2011 | Read more By allowing open and inclusive consultations on the future Cohesion Policy, Latvia is not only devising its national position in a more democratic way than other EU Member States. It is also setting an example for actually getting people interested in it.
November 16, 2011 | Read more Yesterday, the European Bank for Reconstruction and Development (EBRD) published its Transition Report for 2011, subtitled “The People’s Perspective”. This is because the study pays unprecedented attention to how regular households in post-socialist countries are managing after almost three years of economic crisis.
November 14, 2011 | Read more With potentially devastating impacts on natural habitats, the European Bank for Reconstruction and Development has so far offered no real commitment to environmental protection in its ambiguous decisions on two hydropower plants in Croatia and Macedonia.
November 14, 2011 | Read more The Czech renewable energy industry last week received a strong blow from our very own Parliament which approved measures that will likely smother the sector in a bill ironically entitled the „Renewable energy sources support bill.”
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