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News

Lack of ambition on full display as eastern Member States graded on first climate and energy plans submitted to Commission

March 22, 2019 | Read more

Member States across central and eastern Europe continue to do less than their fair share in setting the course for the EU to meet its long-term energy and climate commitments, finds a new Bankwatch analysis [1] of the national energy and climate plans (NECP) in eight Member States.

Romania’s dodgy math: will the country retire 2.2 GW of coal by the end of 2019?

March 13, 2019 | Read more

Romania’s National Energy and Climate Plan (NECP) contains dodgy maths that seems to imply the country will retire 2.2 GW of coal by the end of 2019, according to an analysis of the document published today by Bankwatch Romania.

Bosnia-Herzegovina Federal parliament guarantees Chinese coal plant loan in contempt of EU law

March 8, 2019 | Read more

The Bosnia-Herzegovina Federal House of Representatives yesterday approved an illegal loan guarantee for a EUR 614 million China Exim Bank loan for the Tuzla 7 coal power plant, in blunt contempt of its commitment to abide by EU law on subsidies under the Energy Community Treaty.

EIB and Volkswagen keen to return to business as usual

March 7, 2019 | Read more

Long overdue, and short on content, a compact version of the investigation report on the role of EIB money in the Dieselgate scandal affirms Bankwatch’s revelations that helped trigger this important inquiry. But in its aftermath, there is little to suggest that the EU’s bank has done anything to ensure that the public money it manages will not be misused.

A billions-worth problem

March 6, 2019 | Read more

Clean air has become a rarity in the Western Balkans, and so has proper air quality monitoring. In Europe, a whooping EUR 11 billion in lost productivity and health costs caused by air pollution from coal plants in the region dwarf the investments in the implementation of air quality legislation. The result is an incomplete and unreliable air quality monitoring system.

Energy Community: Bosnia-Herzegovina guarantee for Chinese loan for Tuzla 7 is state aid, breaks EU law

March 5, 2019 | Read more

The Energy Community confirmed today that the loan guarantee the Federation of Bosnia-Herzegovina Parliament wants to approve for the EUR 614 million China Exim Bank loan for the Tuzla 7 coal power plant indeed constitutes state aid according to EU law. The Energy Community had commissioned an expert analysis to look into the issue following a complaint by Aarhus Resource Centre and Bankwatch.

Milestone bank summit in Belgrade a step towards protecting Balkan rivers, but greater transparency still needed

March 1, 2019 | Read more

For immediate release. Belgrade – The ‘Save the Blue Heart of Europe’ campaign [1] gave a cautious welcome to a first-of-its-kind summit between the financial sector and green activists, where a roundtable about the role of banks in the destruction of Balkan rivers by hydropower dams was centre stage.

Bosnia-Herzegovina politicians defy investigation to approve Chinese loan guarantee for coal power plant

February 26, 2019 | Read more

The Federation of Bosnia-Herzegovina Parliament looks set to approve a loan guarantee for a EUR 614 million China Exim Bank loan for the Tuzla 7 coal power this Thursday, 28 February, [1], despite an ongoing Energy Community investigation into its compliance with State aid legislation.

EU action on Western Balkans’ chronic coal pollution is a unique opportunity to improve health and productivity

February 19, 2019 | Read more

Brussels – Sixteen outdated coal power plants in the Western Balkans are a public health and economic liability for the whole of Europe, with people in the EU bearing the majority of the health impacts and costs, according to a new report [1] by the Health and Environment Alliance (HEAL), Sandbag, Climate Action Network (CAN) Europe, CEE Bankwatch Network and Europe Beyond Coal. The European Union (EU) needs to use all of the tools available to improve health, prolong lives, save health costs and increase productivity both in the EU and in the Western Balkan region.

New investigation in Kresna gorge reveals another major breach of law

February 15, 2019 | Read more

An independent investigation by a Bulgarian TV channel bTV discovered progressing construction works in the Kresna gorge area even though the official procurement procedure is still ongoing.

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