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European Parliament asks European Investment Bank to double down on sustainability and transparency

July 9, 2020 | Read more

The European Parliament has called on the European Investment Bank (EIB), the world’s largest public lender, to facilitate Europe’s effort to tackle the climate crisis by fully aligning its investment policies and practices with the Paris climate accord.

In the air tonight: visualising SO2 emissions from coal power plants in the western Balkans

July 8, 2020 | Read more

Grasping what a 600% breach of allowed SO2 emissions means is not an easy job, but our data visualisation does just that. In addition to choking the communities where coal power plants are located, SO2 pollution from the Western Balkans often reaches as far as Russia and the Black Sea Coast to the east and Germany to the West!

Bosnia-Herzegovina: Illegal lignite mine expansion at Gacko must be halted

June 26, 2020 | Read more

An environmental impact assessment process is currently ongoing to expand the open-cast lignite mine at Gacko in Bosnia-Herzegovina. But the mine expansion started long ago.

Western Balkan coal power plants breach pollution limits by 6 times, for the second year in a row

June 23, 2020 | Read more

Two and a half years since pollution control legislation under the Energy Community Treaty obliged Western Balkan governments to apply EU norms, a new Bankwatch analysis finds air pollution – primarily sulphur dioxide (SO2) and dust emissions – from coal-fired power plants remains stubbornly high, choking communities across the region and beyond.

SLAPPd: the Armenian activists fighting a mining multinational’s lawsuits

June 22, 2020 | Read more

Strategic lawsuits against public participation (SLAPP) are a form of often frivolous litigation used by corporations to intimidate and punish critics and silence their right to free speech. Lydian international, the tax haven-listed mining company, has repeatedly deployed the tactic against journalists and civil society as it presses forward with the Amulsar gold mine in Armenia, whilst the EBRD has stood by silently.

EU budget breakthrough achievable with higher climate ambition, say campaigners

June 19, 2020 | Read more

Brussels – Emphasising green spending in the next one trillion plus euros EU budget is the surest way to reach an agreement on the deal while leading the bloc to a more resilient recovery from the pandemic, say campaigners at CEE Bankwatch Network ahead of today’s European Council.

How to better apply the law to small hydropower in the Energy Community?

June 16, 2020 | Read more

Prompted by widespread public resistance to small hydropower plants in the Western Balkans, the Energy Community Secretariat has recently been consulting the public on guidelines for the proper application of environmental and State aid legislation in such cases. Bankwatch’s input highlights a plethora of common deficiencies that need to be addressed.

EBRD’s Green Economy Transition must not be a fig leaf for fossil fuels investments

June 16, 2020 | Read more

Like many other financial institutions, the European Bank for Reconstruction and Development (EBRD) has responded to the call to join the global effort to tackle the climate crisis. And yet, over the past decade, while growing its support for renewable energy, the bank has continued to hand out public money to the fossil fuels industry.

The missing link: Green recovery and energy transition in Hungary and CEE

June 15, 2020 | Read more

To achieve a green recovery with EU funds, what depends on CEE Member States and what depends on the EU?

Legal challenges mount for Armenia gold mine as complaint filed to EU development lender

June 15, 2020 | Read more

Yerevan – The beleaguered Amulsar gold mine in Armenia broke rules attached to two loans totalling EUR 11 million it received in 2017 and 2009 from the European Bank for Reconstruction and Development, alleges a new complaint from 23 people living near the project and Armenian and international civil society groups including CEE Bankwatch Network.

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