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News

World’s largest multilateral bank ends fossil fuels financing

November 14, 2019 | Read more

Brussels, Prague — Bankwatch, Counter Balance and a growing number of civil society groups have long been calling on the European Investment Bank (EIB), the EU’s house bank, to recognise the urgency of stemming the climate crisis and stop handing out public money to fossil fuel projects. Today, November 14, the bank’s Board of Directors adopted a new Energy Lending Policy that ends financing for most fossil fuels projects.

Kenyan village burned down weeks after EIB withdraws from energy project planned at the same place

November 6, 2019 | Read more

The geothermal power plant Akiira 1 in Kenya’s Nakuru county is planned to be built nearby the place the village of Lorropil used to stand until last Sunday.

NGOs reaction to preparatory works kicking off at Tuzla 7 coal unit in Bosnia-Herzegovina: “This plant is not ready for construction”

October 31, 2019 | Read more

Preparatory works for the construction of a new 450 MW coal unit Tuzla 7 are set to start on Friday, even as numerous controversies accompany the project, including an infringement case under the Energy Community Treaty.

EU bank drops Belgrade incinerator, citing impact on recycling: EBRD and other banks press on

October 28, 2019 | Read more

Prague, Belgrade – The European Investment Bank (EIB) has refrained from financing the planned Vinča municipal waste incinerator in Belgrade, Serbia, according to a letter sent to the Ne Davimo Beograd initiative that campaigns against the project.

Expansion of largest coal mine in Romania stopped, following Bankwatch court case

October 23, 2019 | Read more

Bucharest – A Bucharest court blocked the expansion of Rosia, the largest coal mine in Romania located in Gorj county, following a legal challenge to the mine’s environmental permit lodged by Bankwatch Romania.

Calls for climate action grow louder throughout central eastern Europe

October 21, 2019 | Read more

In late September, as part of the Global Climate Strike, an estimated 7.6 million people took to the streets to demand climate action. In central and eastern Europe, this mobilization likely signals important momentum, not least about the prospects of an energy transitions in each of the countries.

Just Transition funding needs to support real transitions

October 17, 2019 | Read more

According to draft conclusions of the European Council, EU leaders meeting today and tomorrow look forward to a proposal from the European Commission to establish a Just Transition Fund.

Major gas projects in Romania enabled by regulatory acrobatics – report

October 17, 2019 | Read more

At a time when public calls for tackling the causes of the climate crisis are growing, Romania’s gas industry has been expanding, courtesy of the Parliament and international financial institutions.

Living on the edge: waste collection at Mongolia’s landfill rehabilitation project

October 16, 2019 | Read more

Ulaanbaatar is growing, fast. The Mongolian capital has added several hundred thousand people in recent years, many of whom are abandoning the countryside and traditional forms of subsistence herding to pursue opportunities in the city. But the rush to the city is placing pressure on infrastructure like housing, transportation and other essential services.

NGOs challenge decision to approve Belgrade incinerator operating subsidies

October 15, 2019 | Read more

The Ne Davimo Beograd initiative has this week challenged a decision by the Ministry of Mining and Energy to grant feed-in tariffs to Beo Čista Energija d.o.o. for the planned Vinča waste incinerator in Serbia, to be financed by the EBRD, IFC and Austrian development bank OeEB.

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