June 15, 2022 | Read more Electricity* traded between Western Balkan countries** and the EU will need to embed the cost of CO2 in its final price, potentially from as early as 2025.
June 14, 2022 | Read more The European Investment Bank (EIB) has pumped billions of euros into polluting fossil fuel companies over the past two years despite talking up its climate credentials, new research by Counter Balance and CEE Bankwatch Network reveals.
June 14, 2022 | Read more Poland’s recovery plan has finally been endorsed by the Commission after over a year of negotiations. Despite multiple declarations from government officials that talks would finish quickly, the plan worth EUR 35 billion was put on hold for an extended period of time because of the Commission’s concerns about the rule of law in the country. Is Poland’s recovery plan a wasted opportunity? Not necessarily, but it is not a fully-used one, either.
June 10, 2022 | Read more 27 representatives of Ukrainian and international NGOs sent an open letter to Ursula von der Leyen, president of the EU Commission. In the letter, they call for the integration of accountability and transparency, wider participation in decision-making, and incorporation of the green principles within Ukraine’s reconstruction process.
June 8, 2022 | Read more The 2022 EBRD Annual Meeting was held in the city of Marrakesh, Morocco. Although taking place far away geographically, the topic of Ukraine dominated the agenda. Will the EBRD ensure its funds for the country’s reconstruction are used in the most efficient, green and inclusive way?
June 7, 2022 | Read more ClientEarth, Friends of the Earth Europe, Food & Water Action Europe and CEE Bankwatch Network are starting legal action to end support to 30 EU-backed proposed gas projects. They say the EU Commission has given these climate-destructive projects VIP status, in contradiction of its legal obligations.
June 6, 2022 | Read more In 2020, Montenegro received widespread praise for being the first Western Balkan country to introduce carbon pricing. Less than a year later, however, the scheme’s shortcomings were exposed. What can other Western Balkan countries learn from this experience?
June 2, 2022 | Read more The European Commission has claimed that the Recovery and Resilience Facility (EUR 672.5 billion) will ensure a ‘green recovery’ throughout Europe. Yet not only is it failing to protect and restore nature, it will likely even increase harm to it, according to a new Bankwatch and EuroNatur report published today.
May 30, 2022 | Read more EBRD and EIB investments in Bulgarian hydropower have once again been hit by scandal with the recent failure of the Chaira pumped storage plant and revelations about the illegality of small hydropower plants. The planned Yadenitsa dam would be more of the same: will the EBRD and EIB be wise enough to say no?
May 26, 2022 | Read more The Czech state-owned insurance company EGAP has secured a loan of CZK 2 billion from state COVID aid for Liberty Ostrava that is closely connected to Greensil, a company plagued by a corruption scandal.
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