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.
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.
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.
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.
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.
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.
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.
September 25, 2018 | Read more Sarajevo, Prague – Plans to use public money to guarantee a Chinese loan for the planned Tuzla 7 coal power plant could be illegal and need to be investigated by the Energy Community Secretariat, according to a formal complaint submitted to the regional body today by the Aarhus Resource Centre, Sarajevo, and CEE Bankwatch Network.
September 13, 2018 | Read more In 2012, almost one hundred permits were issued to Oltenia Energy Complex (OEC), allowing the company to cut down hectares of forest to make way for coal mines. The permits were issued illegally, however, as Bankwatch Romania proved in court over the past six years. After many lawsuits and complaints to the relevant authorities, a sign of progress came this summer when the Romanian Ministry for Environment informed criminal investigation bodies about this situation.
September 10, 2018 | Read more Serbia’s notorious Drmno mine is rapidly expanding on Chinese loans, pushing the country towards high-carbon lock-in and a long-term debt.
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