November 14, 2018 | Read more Successive international analyses have cast serious doubts over the financial viability of the planned Nenskra plant. While the Georgian government keeps the project’s contract confidential, a leaked World Bank report offers a scathing account of the fiscal implications of this hydropower development.
November 13, 2018 | Read more Brussels – In a step backwards for the EU bank’s transparency and accountability, the Board of Directors of the European Investment Bank (EIB) has approved a controversial new policy [1] of its Complaints Mechanism, a move that will take the bank further away from the communities affected by its operations – say NGOs.
November 13, 2018 | Read more Following the World Bank’s recent statement [1] that it will not provide support for the 500 MW New Kosovo coal power plant, the EBRD has now followed suit by confirming that it is not considering support for the project.
November 12, 2018 | Read more The quasi state-owned Czech energy company ČEZ is up to its old tricks again. It celebrates a 30 % reduction in emissions, praising the public free allowances, and conveniently forgets to link the drop in emissions with the sale of some of its largest power plants.
November 1, 2018 | Read more Facing numerous economic and environmental challenges, Romania’s energy industry needs a coherent, sustainable and stable action plan that prioritises transparency in decision-making and consultation of all involved. On 17 October, to identify the necessary measures, Bankwatch Romania organised a workshop titled Opportunities for transition to clean energy in Romania.
October 31, 2018 | Read more Today the Council of the EU is exchanging views on a key piece of the legislation that will govern the one trillion euro EU budget after 2020. While the Commission is proposing an ambitious target for climate spending, developments in the Parliament threaten this move.
October 30, 2018 | Read more Already mired by controversy, the billion dollar Nenskra hydropower plant is now facing another major hurdle as the company contracted to realize the project is now leaving it.
October 26, 2018 | Read more In the age of fake news, providing fact-based arguments in environmental campaigns is crucial. Bankwatch has reached out to the technology-savvy community, to bring more robustness to the narrative.
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.
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