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News

Last call for EU bank to uphold UN treaty on transparency

May 19, 2021 | Read more

For too long, transparency and public participation have been a low priority for the European Investment Bank (EIB). Now it appears the world’s largest international lender is even in breach of international environmental law on access to information and public participation.

Czechia, Greensill and why more openness is needed from its export agencies

May 19, 2021 | Read more

State support for exports is one part of a national budget where citizens are not sufficiently informed about how their taxes are being spent, and this is problematic given the vast financial flows to investments with questionable results.

New Bankwatch publication: Eight steps for a just transition in the Western Balkans

May 18, 2021 | Read more

Based on three years of working on just transition in central and eastern European countries, Bankwatch has put together a set of guidelines which countries in the Western Balkans now embarking on the process can use to launch their own just transition.

Drina dam “groundbreaking” event met by scepticism and protests

May 17, 2021 | Read more

Serbian Prime Minister Ana Brnabić has today taken part in what was billed as a groundbreaking ceremony for the hotly disputed Buk Bijela dam on the upper part of the river Drina in Bosnia and Herzegovina (BiH). The event has been met by opposition from Serbia, Montenegro and BiH, as well as scepticism about the project’s readiness.

EU Ombudsman launches probe into assessment of priority gas projects at EU’s doorstep

May 10, 2021 | Read more

The European Commission’s oversight of the sustainability assessments of priority-labelled gas infrastructure projects in the Western Balkans will be investigated by the European Ombudsman, following a Bankwatch complaint about their climate footprint.

How shared mobility can curb the hidden costs of reducing carbon emission with electric cars

May 6, 2021 | Read more

Mining raw materials such as cobalt or lithium for information and communications technologies (ICT) or decarbonized mobility comes with a hefty environmental, social, and human rights price tag. With Europe’s green and digital transformation topping the Portuguese EU presidency, besides driving innovations in the transportation sector, clear policies and funds are needed to encourage reduced resource consumption while making supply chains of these minerals fair and sustainable.

The cracks of Shuakhevi

landslide near the tunnel of Georgia’s controversial Shuakhevi hydropower plant

May 5, 2021 | Read more

Water is leaking out of Shuakhevi hydropower plant’s recently reopened dam again. With three international financial institutions involved, who’s responsible for the safety of this USD 420 million project?

Pathway to Paris: Can the ADB help Uzbekistan reach carbon neutrality?

May 4, 2021 | Read more

Rather than helping Uzbekistan realize its renewable potential, the Asian Development Bank’s programs there are undermining global climate goals.

Uneven progress towards green recovery as EU members submit spending plans to access EUR 672 billion fund

April 28, 2021 | Read more

Brussels – EU Member States that opened up their spending plans for the EUR 672 billion Recovery and Resilience Facility have made the most progress towards the aims of the European Green Deal, finds a new assessment of eight countries in central and eastern Europe.

Complaints on controversial motorway project in Bosnia and Herzegovina trigger EBRD inquiry as forced expropriations begin in South Mostar

April 27, 2021 | Read more

Local residents south of Mostar fear they could be uprooted by a motorway project financed by the European Bank for Reconstruction and Development (EBRD). With forced expropriations underway, the Bank’s accountability mechanism has now announced it will investigate these concerns.

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