May 13, 2019 | Read more Prishtina – Kosovar and international non-governmental organisations [1] have today submitted an official complaint to the Energy Community dispute settlement mechanism challenging the legality of the power purchase agreement for the planned Kosova e Re coal power project, which is currently awaiting ratification by the Kosovo parliament. [2]
May 10, 2019 | Read more There are many reasons why the Nenskra hydropower plant in Georgia should not be built at all. The project is set to have devastating environmental and social impacts, and its economics are particularly shoddy.
May 9, 2019 | Read more (Amsterdam, Prague, Washington, D.C.) — Civil society organizations welcomed the new grievance mechanism policy for the London-based European Bank for Reconstruction and Development (EBRD).
May 8, 2019 | Read more As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement.
May 6, 2019 | Read more Residents of Beli Bryag in Bulgaria’s Stara Zagora region anxiously await removal from their homes to make way for the expansion of a mine that feeds Maritsa East, the country’s largest coal complex.
April 29, 2019 | Read more The 2019 winner of the Goldman Environmental Prize from Europe Ana Colovic Lesoska has today called on development banks – the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank and (ADB) the Asia Infrastructure Investment Bank (AIIB) – to drop their funding for the Nenskra hydropower project planned in Georgia’s Caucasus mountains.
April 18, 2019 | Read more As the Board of Directors is expected to vote any day now on the renewed Policy which lays out the conditions for reaching the Bank’s sustainability mandate and commitment to EU standards, a compliance review on Serbia’s energy company’s corporate restructuring loan calls for clearer and stronger safeguards for corporate level loans.
April 8, 2019 | Read more Brussels – With the EU-China summit kicking off in Brussels on April 9, Bankwatch launches a new analysis [1] showing 3.5 GW of new coal may be built in southeast Europe with Chinese support, including in EU member states Romania and Greece.
March 28, 2019 | Read more The European Bank for Reconstruction and Development (EBRD) will soon conclude the revision of three policies central to the environmental and social governance of its projects: the Access to Information Policy, Environmental and Social Policy, and Project Accountability Policy. Together, these three documents will form the core of the institution’s protocols ensuring communities’ right to information, right to development, and right to remedy.
March 27, 2019 | Read more For immediate release. Brussels, Prague – A vote today by the Parliament has excluded fossil fuels from the EUR 320 billion European Regional Development Fund (ERDF) and Cohesion Funds for 2021-2027, signalling a clear commitment to the EU’s obligations to reduce greenhouse gases under the Paris Agreement and its net-zero emissions Long Term Strategy.
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