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News

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.

Decision on a fossil fuels ban at the EIB postponed once more

October 15, 2019 | Read more

Today the European Investment Bank (EIB) decided to again, postpone the long overdue adoption of a new Energy Lending Policy. This delay is mostly due to tensions around the EIB’s proposal to phase out lending to fossil fuels. Several shareholders, including Germany, and the European Commission are pushing back on what would be a precedent in the fight against climate change.

European Commission criticises the EIB’s role as a development bank

October 11, 2019 | Read more

The European Commission recently published an evaluation of EIB development operations under its External Lending Mandate during the period 2014-2018. The Commission’s findings confirm our previous assessments and repeated calls for improvements in the fields of transparency, human rights due diligence and development impacts of EIB projects.

The EU’s flagship investment scheme must not become backdoor for fossil fuel financing

October 7, 2019 | Read more

A half trillion euro subsidies scheme and part of the so-called Juncker Plan, the European Fund for Strategic Investment (EFSI) has been portrayed by its promoters, the European Commission and the European Investment Bank as a major success story, albeit with little evidence to back such claims.

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