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Home > News

News

Statement of solidarity with Ukraine

March 2, 2022 | Read more

The Russian army’s invasion of Ukraine is a tragedy for both Ukraine and Russia, causing needless destruction, death, heartbreak and hardship. Bankwatch stands with our friends, colleagues and the communities that we work with, and demands action from international financial institutions.

EU Taxonomy proposal welcomed by CEE governments, spells trouble for energy transition

2022_02_EU Taxonomy proposal welcomed by CEE governments, spells trouble for energy transition

February 24, 2022 | Read more

With the clock ticking on humanity’s need to cut global emissions, the European Commission’s proposal to label fossil gas and nuclear power ‘sustainable investments’ will undermine the effort to expand renewables and step up energy efficiency. As EU governments and the European Parliament currently examining the so-called EU Taxonomy, policymakers in Hungary, Bulgaria, Poland, Romania and Czechia have already welcomed the text.

A forward looking energy strategy at the Asian Infrastructure Investment Bank

Click to watch the interactive infographic on the EIB's energy lending

February 21, 2022 | Read more

With the Asian Infrastructure Investment Bank (AIIB) set to review its Energy Sector Strategy, a letter coordinated by the NGO Forum on ADB on behalf of more than 40 civil society groups asked for more information about the process and called for meaningful consultations.

Towards a people-powered, green transformation in Almaty

2022_02_Towards a people-powered, green transformation in Almaty

February 16, 2022 | Read more

The EBRD must move away from its carbon tunnel vision and widen its perspective on all impacts of climate investments in cities

Republika Srpska moves ahead of its neighbours in virtually halting hydropower subsidies for new plants

Mojanska 1 intake and Mojanska 2 powerhouse, Credit: Dobrica Mitrović

February 15, 2022 | Read more

Last week the Republika Srpska parliament adopted a new law on renewable energy that will help to stem the ongoing boom of highly damaging small hydropower plants. This puts it ahead of many of the region’s governments in changing the rules on renewables support.

Run over by a massive motorway project, Mostar residents demand to be heard

Corridor Vc3 near Mostar

February 11, 2022 | Read more

Mostar residents were never properly consulted about the proposed pan-European motorway that threatens their livelihoods and nature of the Neretva valley. After a recent win in a discriminatory lawsuit, they’re hoping that the controversial route around Mostar might finally be consulted with them and reconsidered.

No resolution for Ukrainian villagers after three years of negotiations with agro-giant MHP

February 7, 2022 | Read more

‘Peaceful negotiations’ between village residents in Vinnytska oblast and Myronivskyi Hliboprodukt (MHP), the largest agribusiness company in Ukraine, have ended abruptly, leaving all issues related to the company’s impacts on local communities unresolved.

The EU carbon border adjustment mechanism: How to make it work for decarbonisation in the Western Balkans

February 4, 2022 | Read more

The European Parliament’s Environment Committee is currently considering the European Commission’s carbon border adjustment mechanism (CBAM) proposal. But while most of the debate focuses on free allowances, it is crucial to tighten the provisions on the power sector.

In Czechia, dubious projects funded from covid support

February 3, 2022 | Read more

Inflation is all over the news in Czechia these days. The prices of electricity, housing, goods and services are on the rise. One of the reasons behind this is the government’s excessive spending. While some of the budget items have been openly discussed, others are hidden to the public. One example is the COVID Plus state aid programme worth billions of Czech crowns for large export companies.

Progress with EU recovery fund hampered by fossil fuels investments and threats to nature

February 3, 2022 | Read more

Brussels – Genuine efforts by Member States to direct spending from the EUR 672 billion Recovery and Resilience Facility towards climate action are being undermined by investments that are likely to harm the environment and climate, finds a new report by CAN Europe and CEE Bankwatch Network.

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