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News

As world leaders pledge to end coal, Serbia lets polluters continue illegal operations

November 5, 2021 | Read more

The Serbian parliament is expected to allow top polluters, including its antiquated fleet of coal power plants, to operate without environmental permits for three more years, under amendments to legislation set to be adopted on Tuesday, 9 November.  

Response: G20 ends public financing for international coal-fired power projects, we ask China to walk away from Western Balkan coal projects immediately.

November 1, 2021 | Read more

G20 nations including China have agreed to ending public financing for international coal-fired power projects this year [1], following on from similar commitments by the G7 and the OECD.

Turning the Tide

October 27, 2021 | Read more

The past is never dead – In spite of warnings about its risks and promises of its safety, the idle Shuakhevi hydropower plant in Georgia continues to wreak havoc on local lands and livelihoods.

Pljevlja has unique opportunity to clean up its heating system

Pljevlja in Montenegro

October 25, 2021 | Read more

Montenegro’s overdue coal phase-out should be taken as an opportunity to develop state-of-the-art heating in Pljevlja, which is entirely possible and economically viable, a new expert study commissioned by CEE Bankwatch Network shows.

Radio silence on gas allegations: European Commission breaks another deadline to respond to Bankwatch’s complaint

October 21, 2021 | Read more

The European Commission’s Directorate General for Energy is dragging its feet in answering allegations on its role in the selection of priority gas pipelines in the Western Balkans and Caucasus region. The delays threaten to diminish the chances of the Ombudsman’s findings being taken into account while developing new EU energy rules.

New report: European Investment Bank hydropower failures necessitate tighter rules

October 21, 2021 | Read more

The European Investment Bank has financed a series of damaging hydropower projects since 2010 which underline the need to tighten its environmental and social standards, according to a new report published today by CEE Bankwatch Network and EuroNatur. 

IEA call to public finance institutions: End of finance for new fossil fuel projects & massive scale-up of clean energy spending needed

October 14, 2021 | Read more

Our energy systems are a long way from alignment with the pathway to stay below a 1.5°C rise in global temperatures, according to the International Energy Agency (IEA) World Energy Outlook 2021 report published yesterday.

Kenya energy project exposes the dark side of EU development funds

October 13, 2021 | Read more

A third of the European Investment Bank (EIB) portfolio in 2020 went through financial intermediaries, a channel that has already enabled multiple projects with devastating consequences for nature and communities with virtually zero accountability. The ongoing review of the EIB’s environmental and social standards is a crucial opportunity to ensure transparency and proper scrutiny of all projects supported with European public money.

EIB misinterprets EU’s development finance needs

October 12, 2021 | Read more

The European Investment Bank (EIB) has long been seeking to take a more significant role in the EU’s overseas development effort. But it has also been resisting calls to upgrade its policy on the environmental, social and human rights ramifications of the projects it supports.

Budapest airport torments neighbours as expansion project evades environmental checks

October 11, 2021 | Read more

The expansion of Budapest’s Ferenc Liszt International Airport, financed by the European Investment Bank (EIB), illustrates how big infrastructure projects are promoted at the expense of people and the environment, ignoring EU environmental requirements and the EIB’s own environmental and social standards. However, what is most striking about this case is the fact that a project with EU financial support, has ended up trapping citizens in miserable lives only few are able to flee.

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