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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.

NGOs call on the European Commission to ensure transparency and public participation in Ukraine’s green reconstruction

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.

Voices of support for Ukraine echo in Morocco: takeaways from the EBRD Annual Meeting in Marrakesh

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?

Environmental groups challenge EU support for 30 fossil gas projects

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.

The cautionary tale of Montenegro’s emission trading scheme

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?

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