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News

No renovation wave in sight across EU recovery plans in central and eastern Europe

July 26, 2021 | Read more

In the national recovery and resilience plans, energy efficiency and building renovations can play a key role for Member States to achieve the required target of 37 per cent of expenditures related to climate. The potential to modernise buildings is the greatest in central and eastern Europe, where the building stock is particularly inefficient. But an assessment of eight national plans across the region finds uneven progress towards these aims. Christophe Jost of Bankwatch concludes that this is likely to hamper efforts to decarbonise the region’s building stock in line with the Renovation Wave´s ambitious objectives.

The heroic dust monitor

July 22, 2021 | Read more

This year we are marking five years since Bankwatch engaged in air pollution work in the Balkans. Throughout these years, there was one constant in the work – the environmental dust monitor. It has become the hero of many communities and is known to every organisation in the region that works for cleaner air.

How to ensure public control over projects funded by development banks in non-democratic regimes

July 5, 2021 | Read more

In a series of video tutorials, we demonstrate tools civil society organisations and activists from Uzbekistan can use to have a say about projects supported by development banks that may affect their communities and the environment.

European development bank’s new fossil fuels pledge falls short of aligning with the Paris Agreement

July 2, 2021 | Read more

The governors of the European Bank for Reconstruction and Development (EBRD), representing 69 shareholder governments as well as the EU and the European Investment Bank, decided yesterday the Bank will decrease its support for the fossil fuels industry.

Secret Chinese deal on Bosnia-Herzegovina coal plant must be urgently stopped, say NGOs

June 30, 2021 | Read more

Environmental organizations have today expressed concerns and called on the Government of Republika Srpska to clearly explain what is happening with the Ugljevik 3 coal power plant and to urgently cancel the concession for the project.

Estonia barely scratches the surface on green recovery

June 30, 2021 | Read more

Estonia’s recovery and resilience plan was one of the last to be submitted to the European Commission. Yet despite the extra time it took authorities to develop, the plan is based on an incomplete vision of a green recovery which completely ignores the issues of biodiversity and nature protection.

Civil society wishes on the EBRD’s 30th birthday: shut the fossil fuels party

June 29, 2021 | Read more

People around the world are already feeling the brunt of the climate crisis on an almost daily basis. Most governments accept we are in the midst of a global climate crisis, including those controlling the European Bank for Reconstruction and Development (EBRD). And yet, Bankwatch’s recent analysis shows that during 2019-2020, the EBRD has awarded the fossil fuels industry more than USD 2 million every day on average. Two million dollars. Every single day.

Serbia: key national plan risks cementing coal dependence

June 29, 2021 | Read more

The Serbian government’s 15-year national Spatial Plan is so keen to stick to business-as-usual it is openly ignoring some of the country’s most pressing issues to justify plans for six new fossil fuel-based power plants. Belgrade also doesn’t appear to care much about what Serbia’s neighbour to the east thinks regarding the implications these disastrous plans would have for them.

European bank challenged on human rights credentials

June 21, 2021 | Read more

The European Bank for Reconstruction and Development has struggled to prevent the billions of euros it lends each year from supporting autocratic regimes, finds a new report from civil society groups released on the eve of the bank’s thirtieth annual shareholder meeting.

Commission must apply spending rules to EU recovery funds before greenlighting national plans

June 17, 2021 | Read more

The European Commission has released its first assessments of how Member States plan to spend from EUR 672 billion Recovery and Resilience Facility, and Bankwatch urges the Commission to ensure that commitments for spending on climate and biodiversity protection are met before the plans are approved.  

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