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News

New life for old nukes in Ukraine means more risk for people and planet

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October 3, 2016 | Read more

A decision today by Ukraine’s nuclear regulator to extend the operations of another Soviet-era reactor has been made in spite of the country’s failure to implement fully the obligations it took on when receiving EU funding for its ageing nuclear fleet.

Too good to be true? Assessing one year of the Investment Plan for Europe

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September 28, 2016 | Read more

Europe is hemorrhaging cash in deeply unsustainable projects like motorways, airports and gas infrastructure.

Juncker investment plan: deep reforms necessary for sustainable future

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September 28, 2016 | Read more

Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today

Guest post: China stokes global coal growth

September 27, 2016 | Read more

China cuts coal at home but state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker from China Dialogue.

[Campaign update] Montenegro’s Pljevlja coal plant is running out of time to secure financing

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September 22, 2016 | Read more

The Czech daily Hospodarske Noviny (English: “Economic Newspaper”) is reporting today that the Czech Export Bank (CEB) and export insurance agency EGAP may not be be able to finance the Pljevlja II lignite power plant in Montenegro due to new OECD rules entering force on 1 January 2017.

Guest post: The last coal plant in the Western Balkans?

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September 20, 2016 | Read more

The Stanari lignite power plant in Bosnia officially starts operations today. If we are to have any hope of tackling climate change, it had better be the last one in the region.

For European development bank democracy is an afterthought

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September 19, 2016 | Read more

Almost one in four euros lent by the European Bank for Reconstruction and Development in 2015 went to authoriatrian countries. The bank has clearly decided to ignore its own mandate, or else it would have to considerably shrink its business.

Juncker Investment Plan 2 and review of EU budget offer no progress towards Europe’s long-term climate goals

September 15, 2016 | Read more

What should have been two significant contributions to Europe’s war chest in the fight against climate change will in fact leave the planet short-changed and open the door to even more polluting fossil fuel projects, argue campaigners at Bankwatch, Friends of the Earth Europe and Climate Action Network Europe.

New report reveals the ‘dark side’ of EIB funds: how the EU’s bank supports non-transparent investment funds based in tax havens

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September 14, 2016 | Read more

Counter Balance launches today a new report that critically analyses a little-known part of the European Investment Bank (EIB)’s operations: its use of private equity funds. The report is available for download at http://www.counter-balance.org/wp-content/uploads/2016/09/The-dark-side-of-EIB-funds_report.pdf The report presents a number of statistics and facts about recent investment funds financed by the EIB during the period 2011-2015.

Guest post: Renewables kept in thrall in the Czech Republic

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September 13, 2016 | Read more

How to overcome the stagnation in the Czech renewable energy sector? Ending the government’s crusade against renewable support schemes would be a good starting point, writes Karel Polanecky from Bankwatch’s member group Hnuti Duha, Friends of the Earth Czech Republic.

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