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Home > News

News

New Bankwatch study: European “green energy” funding for hydropower threatens pristine Balkan rivers

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December 11, 2015 | Read more

Radolfzell, Vienna, Prague – A wave of hydropower development fuelled by European public funding and EU companies is endangering pristine river environments in the Balkans, finds a new study by CEE Bankwatch Network released today.

Ukraine snubs safety concerns and European donors, extends lifetime of fourth Soviet-era nuclear reactor

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December 8, 2015 | Read more

Kiev, Prague – An ageing nuclear unit in the South Ukraine power plant is the latest to have its expiry date rewritten by overzealous Ukrainian authorities, despite a number of pending safety issues and concerns over compliance with international treaties.

9 reasons why the EU’s bank is no climate leader

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December 8, 2015 | Read more

The European Investment Bank’s track record stands in stark contrast to its pose as a hero in the fight against climate change.

Macedonia urged to suspend controversial hydropower project

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December 4, 2015 | Read more

Strasbourg, Skopje, Prague – In the latest blow to planned hydropower dam in Macedonia’s Mavrovo National Park, the Standing Committee of the Bern Convention, the European wildlife treaty, added today its voice to growing calls to reconsider this reckless project. The spotlight is now on the European Bank for Reconstruction and Development (EBRD), the project’s main financier.

Šefčovič’s underwhelming outlook for the Energy Union’s role in the energy transition

December 1, 2015 | Read more

On 20 November 2015, following the presentation of the first State of the Energy Union, Vice-President Šefčovič hosted a Twitter Chat. Also several Bankwatchers joined the discussion. Here are some points we found noteworthy.

Bankwatch statement on hazardous arsenic waste in Dundee operations in Namibia

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December 1, 2015 | Read more

Last week Namibian news outlets reported on Bankwatch’s findings on the potential impacts of Dundee Precious Metals’ (DPM) operations in the country. Yet, in light of the company’s response we believe a number of points need to be stressed.

Bern Convention Committee to decide fate of Balkan lynx and Boskov Most hydropower plant in Macedonia

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November 30, 2015 | Read more

The critically endangered population of the Balkan lynx (Lynx lynx balcanicus) may be getting a new lease on life this week after being threatened by planned hydropower constructions in its core area of reproduction.

Exporting toxic pollution from Europe to Namibia

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November 19, 2015 | Read more

The case of the Tsumeb smelter in Namibia demonstrates how European pollution is exported to the Global South with indirect help of public development money.

The EBRD: Fueling the future, or stuck in the past?

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November 19, 2015 | Read more

A closer look at the projects that the European Bank for Reconstruction and Development has financed in the energy sector in Middle East and North African countries reveals that, despite the bank’s rhetoric about promoting sustainable energy, its balance sheet has fossil fuels all over it.

The energy dissonance: How EU development funds fuel climate change while leaders talk decarbonisation

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November 17, 2015 | Read more

EU leaders repeatedly voice commitments to spearhead the global effort to tackle climate change, primarily through long-term decarbonisation targets. But a Bankwatch research into the EU’s development funds for neighbouring regions finds that considerably more European taxpayer money is supporting fossil fuels than facilitating a sustainable energy transition.

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