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Strong Commission push for climate action in the next EU budget risks backslide in Parliament and Council

October 31, 2018 | Read more

Today the Council of the EU is exchanging views on a key piece of the legislation that will govern the one trillion euro EU budget after 2020. While the Commission is proposing an ambitious target for climate spending, developments in the Parliament threaten this move.

Controversial dam project in Georgia abandoned by constructor

October 30, 2018 | Read more

Already mired by controversy, the billion dollar Nenskra hydropower plant is now facing another major hurdle as the company contracted to realize the project is now leaving it.

Bursting bubbles: greens and geeks of the world, unite!

October 26, 2018 | Read more

In the age of fake news, providing fact-based arguments in environmental campaigns is crucial. Bankwatch has reached out to the technology-savvy community, to bring more robustness to the narrative.

EBRD – still fixated on gas despite IPCC warnings

October 15, 2018 | Read more

In its new draft strategy for the energy sector, meant to guide the bank’s lending between 2019-2023, the EBRD gives too much prominence to gas as a so-called “bridging fuel” on the way to decarbonisation – much more prominence than is given to energy savings and even to sustainable renewables.

Open letter to ministers regarding the EU Budget

October 10, 2018 | Read more

This letter was sent to EU ministers ahead of the General Affairs Council regarding the Multiannual Financial Framework after 2020.

The complaints mechanism at the EIB – usable but useless?

October 8, 2018 | Read more

Nearly three years after first announcing it, the European Investment Bank (EIB) has finally presented a new vision for the bank’s complaints mechanism, the body responsible for grievances related to EIB projects and policies.

European public banks continue financing coal bonanza

October 1, 2018 | Read more

The EIB and EBRD have been channelling billions of euros in public money to fossil fuels dependent companies, hampering the international community’s efforts to tackle climate change.

200 million euro EBRD loan to Serbian energy giant EPS under investigation

October 1, 2018 | Read more

Prague, Belgrade –  The independent grievance body of the European Bank for Reconstruction and Development (EBRD) has started investigating a EUR 200 million ‘restructuring loan’ granted in 2015 to Elektroprivreda Srbije (EPS), the largest energy company in Serbia, following a complaint by CEE Bankwatch Network and Serbian environmental group CEKOR.

European development money helps sustain fossil fuels-based companies – report

September 27, 2018 | Read more

Five of Europe’s biggest climate offenders continue to enjoy billions of euros in public funds, according to a Bankwatch report released today.

More efforts from the EBRD required to mainstream gender in Kyrgyzstan

September 26, 2018 | Read more

It appears the EBRD funds are prioritised on the first-need service basis rather than the long-term strategy goals identified by the EBRD in both the public transportation and water sectors.

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