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News

Planned Gacko II lignite plant in Bosnia-Herzegovina likely to make losses, shows new analysis

gacko coal plant in Bosnia and Herzegovina

April 12, 2018 | Read more

Our colleagues from the Center for Environment from Banja Luka have today published a new analysis of the feasibility study for the planned Gacko II lignite power plant in Bosnia-Herzegovina, which shows that the new plant is likely to be unprofitable.

Mongolia 2.0

March 27, 2018 | Read more

Only recently Mongolia was known as the biggest nomadic country in the world. Today, it is struggling to move past it.

Money flows, rivers dry

March 22, 2018 | Read more

Erste, Sberbank and the EBRD have been fueling the destruction of 27 km of rivers in the region of Josanicka banja, on the borders of the Kopaonik National Park in Serbia. It is a stark warning how the future of the Balkans might look if uncontrolled investment continues.

Mounting pressure to revoke permit for the planned thermal power plant Ugljevik III

Bankwatch - ugljevik 3 breach - Bosnia and Herzegovina

March 21, 2018 | Read more

In contrast to the global trend of decreasing coal from the energy mix, the Western Balkan countries are stubbornly planning a whole fleet of new lignite plants, most of which are plagued by breaches of environmental laws. The latest case in point is the planned 600MW Ugljevik III.

Dabrova Dolina, Croatia

March 19, 2018 | Read more

Why even small hydropower plants shouldn’t be built in protected areas.

The EU’s flagship project lacks climate assessment

March 16, 2018 | Read more

While the EU portrays itself as a leader of the Paris Agreement, its financial arm – the European Investment Bank (EIB) – approves another loan to the controversial Southern Gas Corridor project without proper climate impact assessments.

International banks fuelling a hydropower tsunami that’s decimating pristine Balkan rivers – study

Bankwatch Balkans hydropower financed by banks - study

March 16, 2018 | Read more

Radolfzell, Vienna, Prague – Multilateral development banks have supported no fewer than 82 hydropower projects across southeast Europe, including in protected areas, according to a study by CEE Bankwatch Network released today.

Controversial Turkish-Azerbaijani gas pipeline gets major EU loan

EIB finances Controversial Turkish-Azerbaijani gas pipeline

March 15, 2018 | Read more

Today the board of directors of the European Investment Bank (EIB) green-lighted a EUR 932 million loan to the Trans Anatolian gas pipeline (TANAP), the Turkish section of the Southern Gas Corridor, a month after handing out the largest ever fossil fuels loan to the western section of the same project.

Way off track in Riga, as controversial EU-funded tram project plows ahead

Riga's controversial tram line to Skanste

March 7, 2018 | Read more

Business interests continue to overshadow public concerns with regards to the dubious €100-million tram project in Riga.

The Baganuur women affected by coal burning

Baganuur women in Mongolia suffer from coal mining industry

March 6, 2018 | Read more

The coal industry continues to negatively impact the local population and environment soothing the public with a false promise for reliable and affordable energy. The damaging influence is especially prominent for the women of Baganuur.

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