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Home > News

News

Bankwatch statement on the EU’s 2050 climate neutrality goal and central and eastern European country positions

June 20, 2019 | Read more

“With Germany now backing the EU’s 2050 carbon neutrality goal, all eyes are on Poland and other countries of central and eastern Europe that have to date refused to back this target because of their reliance on coal.

Racing against the clock: Kenyan villagers under imminent threat of eviction by project under EU’s bank’s appraisal

June 19, 2019 | Read more

Today’s European Development Days forum in Brussels with its aspirational motto ‘building a world which leaves no one behind’ is an ironic backdrop to what is happening in the remote parts of Kenya, where a whole community is facing a threat of forced eviction by a project under appraisal of the EU’s own house bank. About a hundred people were demanded to abandon their homes by tomorrow – 20 June.

Commission calls for higher ambition from central and eastern Europe in energy and climate plans

June 18, 2019 | Read more

For immediate release. Brussels, Prague – Ahead of Thursday’s European Council summit where the EU’s long-term climate targets will take centre stage, the Commission has released an assessment of Member States’ national energy and climate plans (NECPs) and is pressing countries of central and eastern Europe (CEE) to do more so that Europe can meet its 2050 net-zero emissions objective.

A false solution to a real problem?

June 14, 2019 | Read more

New research by Bankwatch shows energy and climate plans (NECPs) in 7 CEE countries over-rely on unsustainable biomass to reach their renewable energy objectives.

New opportunities for eastern Europe if the EU’s bank ramps up climate ambition and quits fossil fuels

June 13, 2019 | Read more

Ahead of the European Investment Bank’s annual governors’ meeting, several EU’s finance ministers put forward a joint non-paper “Climate for the future of Europe” with an idea to transform the EIB: make green financing its top priority and promote investments in energy and climate transition. The right initiative risks failing if not supported by the majority of the bank’s shareholders, in particular by the eastern states that wrongfully fear that EIB’s increasing ambition in climate finance will unfavorably impact the bank’s presence in their countries.

Just Transition plan for Slovak coal region Upper Nitra to be aproved today

June 12, 2019 | Read more

The Upper Nitra regional parliament is today approving a plan for the region’s transition away from coal, which was created by the Slovak government based on inputs from the local community.

In Georgia, leaked contract shows Nenskra hydropower project to cost country USD 60 million a year

June 10, 2019 | Read more

For immediate release. Prague, Tbilisi – A leaked contract between the Georgian government and the company behind the Nenskra hydropower project includes terms that indicate the project will incur massive losses for the state, according to a report broadcast on 8 June by the national television station Rustavi 2 [1].

Money for nothing: Ugljevik III coal concession must be cancelled, not bought off

June 7, 2019 | Read more

After years of speculation about the Ugljevik III coal power project in Bosnia-Herzegovina, this week’s news is that the government wants to buy off Comsar Energy’s concession. Yet if the company hasn’t fulfilled the conditions from the contract, why should it be rewarded?

Protests at pan-European motorway project as time runs out for key wildlife site

June 5, 2019 | Read more

Dozens of activists from across Europe have protested and dropped a banner at an international road in Kresna gorge, Bulgaria, to protest against the lack of action from the European Commission and the Bulgarian government to save the key EU-protected wildlife site.

New study finds climate and energy plans at odds with EU targets for circular economy and emissions reductions

June 5, 2019 | Read more

For immediate release – Five countries in central and eastern Europe all plan a variety of waste incineration methods in their national energy and climate plans (NECPs), jeopardising their ability to meet mandatory European targets aimed at improving recycling rates, fostering a circular economy and reducing greenhouse gas emissions in the sector, finds a new report from CEE Bankwatch Network.

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