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Home > News

News

The European Bank for Reconstruction and Development must do more to safeguard biodiversity in its new environmental policy

October 4, 2023 | Read more

As the global biodiversity crisis grows ever more urgent, the European Bank for Reconstruction and Development’s (EBRD) environmental policy and practice is proving insufficient to prevent harm to nature, let alone allow its restoration. The Bank’s review of its environmental and social policy in the coming months must provide a proportionate response to the scale of the problem.

Thousands demand European development bank stops financing fossil fuels

September 27, 2023 | Read more

Over 6200 emails have been sent to the European Bank for Reconstruction Development (EBRD) calling for its next energy policy to end financing for fossil fuels and step up investments in the energy transition.

Bulgarian court rules out Sofia waste incinerator plant due to unassessed health risks and lack of public consultation

September 26, 2023 | Read more

After eight years of litigation, Sofia’s Administrative Court overturned the environmental impact assessment (EIA) for a waste incineration plant in the Bulgarian capital. Expected to burn processed waste in the form of refuse-derived fuel (RDF), the plant would have put the health of Sofia’s residents at risk, polluted the air, generated toxic ash and created additional traffic, the court ruled.

Why we’re taking legal action on renewables permitting

September 22, 2023 | Read more

It might seem counterintuitive for organisations that promote a sustainable energy transition to challenge EU initiatives to speed up renewable energy deployment. But due to undemocratic decisions that undermine environmental safeguards and public participation, that’s what we’ve been compelled to do.

​​​​​​​​​​​​​Skavica mega dam: Albanian court to scrutinise special law for U.S. contractor Bechtel

September 21, 2023 | Read more

Nature conservation and human rights organisations have secured an important first milestone in the fight against the planned 210 MW Skavica hydropower plant in the Albanian municipalities of Kukës and Dibër.

Civil society groups urge the EBRD to rethink mining investments

September 20, 2023 | Read more

Twenty civil society organisations from Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Georgia, Mongolia, Uganda, Ukraine and Uzbekistan, as well as seven international environmental and human rights organisations, are calling on the European Bank for Reconstruction and Development (EBRD) to reconsider its approach to mining investments.

Legal challenges hit Greece – North Macedonia gas pipeline plans

September 19, 2023 | Read more

Non-governmental organisations CEE Bankwatch Network and Eko-svest have submitted three formal complaints alleging legal breaches in the planned Greece – North Macedonia fossil gas pipeline project.

Renewables boost much-needed, but weakening of environmental safeguards inexcusable

September 12, 2023 | Read more

The European Parliament plenary today approved an updated Renewable Energy Directive setting a new renewable target of 42.5 per cent by 2030. The changes give a much-needed boost to small-scale solar and heat pumps, but undermine existing environmental legislation. Some renewables will be allowed to skip crucial environmental assessments and more damaging projects will be allowed in the EU’s protected natural areas.

Complaint filed against EBRD: labour rights violations, land grabs and exploitation at cotton producer Indorama Agro in Uzbekistan

September 5, 2023 | Read more

On 3 August 2023, Uzbek Forum for Human Rights (Uzbek Forum), assisted by Bankwatch Network, filed a complaint with the Independent Project Accountability Mechanism (IPAM) of the European Bank for Reconstruction and Development (EBRD) for human rights violations at Indorama Agro, one of Uzbekistan’s largest cotton producers.

Is this development? Public development banks must rethink their investments and put local communities first

September 4, 2023 | Read more

On 4 to 6 September, the world’s public development banks will gather for the Finance in Common Summit in Cartagena, Colombia. They’ll be discussing key development issues – from climate change to infrastructure – issues that affect the lives of millions of people around the world. Bankwatch is on the ground to expose the adverse impacts of investments made by development banks and advocates for meaningful community participation in decision-making on development projects. 

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