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News

New damage to hydropower project a bleak reminder of development bank missteps in Georgia

June 27, 2016 | Read more

On June 23 mudflows from the Devdoraki glacier again hit the Dariali gorge and washed away a road and infrastructure connected to two hydropower projects planned in the north of Georgia. The destruction included the water intake for the 19 megawatt Larsi hydropower plant and the derivation pipes for the Dariali hydropower plant.

Guest post: Municipalities are crucial for citizen-owned renewable energy in the Czech Republic

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June 21, 2016 | Read more

Czech environmental and law groups have proposed a law amendment to revive the disadvantaged renewable energy sector in their country. Karel Polanecky from Bankwatch member group Hnuti Duha explains their initiative.

Croatia to drop controversial coal plant project, confirms minister

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June 14, 2016 | Read more

The Croatian Minister for Economy, Tomislav Panenić, yesterday confirmed that the 500 MW Plomin C coal plant project has been stopped.

The EU house bank is holding back Europe’s shift to sustainable energy

June 14, 2016 | Read more

On the occasion of the EU Sustainable Energy Week, a new Bankwatch analysis shows that the European Investment Bank (EIB) has been effectively hindering Europe’s energy transition.

Response to statements regarding CEKOR in the Serbian media

June 9, 2016 | Read more

CEKOR, as a non-governmental watchdog organisation, has since 1999 strived to promote sustainable development in Serbia and has a strong track record in supporting local communities harmed by development projects to advocate for their rights.

MEP Pirinski: “The EIB should pay more attention to economic, social and territorial cohesion”

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June 7, 2016 | Read more

MEP Georgi Pirinski, rapporteur of the annual report on the European Investment Bank, shares his views on how to improve the way the bank operates.

Financial trouble of Ukraine’s nuclear operator calls Europe’s financial support into question

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June 6, 2016 | Read more

Energoatom is currently unable to serve loans from European institutions. Even though a European Commission study assessed the company’s credit worthiness, Ukrainian taxpayers now have to pay back part of the loans.

Bankwatch and Counter Balance statement on the mid-term review of the Investment Plan for Europe

June 1, 2016 | Read more

Brussels, Prague – European Commission Vice President Jyrki Katainen presented today the mid-term result of the Investment Plan for Europe. The European Fund for Strategic Investments (EFSI), the financial arm of this investment strategy, was established by the European Commission and the European Investment Bank (EIB) in 2015 with the aim of mobilising private investments to stimulate the European economy.

Slovakia’s EU presidency: a chance to improve European biomass regulations

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May 30, 2016 | Read more

In its EU funds spending plans, Slovakia has shown commendable dedication to making bioenergy more sustainable. Taking over the EU presidency in June, it will have a unique chance to apply its expertise to improve European regulations on biomass.

In contrast to the EU, Western Balkans’ coal investments still heavily outweigh wind – but for how long?

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May 27, 2016 | Read more

Last year in the EU, 12.8 GW of wind power capacity was installed – more than any other electricity generation source. This means that wind can now generate 11.4% of the EU electricity consumption in a normal wind year, according to Wind Europe. At the same time Belgium and Scotland have shut down their last coal plants, signalling the golden days of coal are far behind them.

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