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News

It’s time to put an end to EU funding of fossil gas

June 27, 2022 | Read more

While EU households and industry face months without heating, exorbitant energy bills and insecurity, EU funds are driving an increase in the demand for gas in the region, a Bankwatch analysis of Modernisation Fund spending shows.

Narrow road ahead: the energy crisis in Kosovo in the context of Russia’s invasion of Ukraine

June 24, 2022 | Read more

Kosovo, almost entirely reliant on coal for its energy, has nevertheless been hard-hit by the ongoing energy crisis. What steps should the country take to address this, and at the same time end its reliance on fossil fuels?

Western Balkan coal pollution still massive, illegal and deadly – new report

June 21, 2022 | Read more

In 2021, Western Balkan coal plants flagrantly breached air pollution legislation under the Energy Community Treaty for the fourth year in a row, emitting five times as much sulphur dioxide and 1.8 times as much dust as allowed, according to a report released today by CEE Bankwatch Network.

Romania’s decision to phase out coal by 2030: how will it serve a just and green energy transition?

June 17, 2022 | Read more

Romania finally has its first concrete proposal to phase out coal by 2030. However, to ensure a successful transition, the end of coal needs to be linked with plans to increase renewable energy and a commitment to stay away from gas.

Civil Society From Across the Asian Region Urge the ADB to Stop Financing False Climate and Energy Solutions

June 16, 2022 | Read more

Civil society groups from across Asia are condemning the Asian Development Bank’s Asia Clean Energy Forum 2022, hosted from June 14-17th, as failing to provide a platform for discussion about real climate and energy solutions grounded in science and the lived realities of the region’s diverse communities. To highlight critical concerns about the ADB’s proposed and current energy investments, a range of events are being organized online and in person by community groups and their allies. 

Watershed moment for EIB’s climate ambitions as EU rushes to quit Russian fossil fuels

June 16, 2022 | Read more

More than ever before, the European Investment Bank (EIB) has to step up its climate finance game.

EU investments: voice of the public must be heard!

June 16, 2022 | Read more

Member States are currently making important investment decisions to address the multitude of crises we are facing. This money has the potential to transform our economy, yet the challenges to ensure it meets this potential are high. The EU’s unprecedented COVID-19 recovery package should be spent wisely and in a transparent manner. Yet it is for the moment far from open, and it is unlikely this will change any time soon.

CBAM’s coming, it’s time to put a price on carbon!

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.

EU bank hands out billions to companies complicit in burning fossil fuels

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.

On the (long) road to recovery: Poland’s plan greenlit

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.

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