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Our work

We challenge international financial institutions not to finance environmentally and socially harmful investments.

We call for public money being spent on climate-friendly development that is not driven by economic growth per se but by benefits to society and the environment in economically sustainable ways.

Current campaigns


Coal in the Balkans

Countries in south-eastern Europe are strategic partner countries for the EU's energy sector. They also have high ambitions for coal power. The planned energy investments in central and eastern Europe would bring staggering amounts of coal capacities and devastating climate and health impacts.

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Gas for Europe. At any cost?

The Southern Gas Corridor, a system of mega-pipelines meant to bring gas from the Caspian region to Europe, is unnecessary in light of gas demand projections but will boost Azerbaijan's dictatorial regime and cause damage to local communities and the environment.

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Hydropower in Georgia

In Georgia's staggering mountains, a largely unexploited hydropower potential has attracted private investors, the Georgian government and international lenders. Many hydropower projects, however, pose risks for locals that are largely being underestimated or ignored.

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Projects we monitor


See below a list of projects monitored by Bankwatch that receive or may receive international public finance.

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The Southern Gas Corridor, a system of mega-pipelines meant to bring gas from the Caspian region to Europe, is unnecessary in light of gas demand projections in the European Union's 2050 Energy Strategy. Neither will the project make European countries independent from Russian gas. At the same time, the USD 45 billion investments will boost Azerbaijan's dictatorial regime and cause damage to local communities and the environment in transit countries like Turkey and Italy.

EBRD
EIB
Commercial banks
ADB

Locals affected by the road project are facing forceful eviction and have not been properly consulted or compensated. The project promoter reacts to criticism with intimidation.

EIB

Financed by several development banks, geothermal installations have uprooted Maasai communities whose fundamental rights as an indigenous people have been ignored at first. The company has so far been slow and reluctant in addressing the Maasai's complaints.

EIB
World Bank Group

While the European Union is trying to help Ukraine's political transition, Europe's financial support is cementing the country's dependence on an outdated and highly unsafe nuclear sector. To avoid further instability and political and environmental risks, European institutions need to offer better oversight and funding for alternative energy sources.

EBRD

Slovenia has built a new 600 MW unit at the Šoštanj lignite power plant (TEŠ6) which has turned out to be a financial disaster, as well as locking the country into a carbon-intensive future with tens of millions of annual losses for the next four decades.

EBRD
EIB

The existing Pljevlja thermal power plant in the north of Montenegro, near the border with Serbia and Bosnia and Herzegovina, has been operating since the early 1980s. Now the Montenegro government is proposing a second 254 MW lignite-fired unit at the site.

Chinese investors

The 350 MW Banovići coal power plant project is being developed alongside the existing Banovići mine just a few kilometres away from Tuzla by the predominantly state-owned RMU Banovići (Banovići Brown Coal Mines). The power plant would be a greenfield facility and a cement plant is also planned nearby. This project is in direct competition with the Tuzla 7 lignite power plant.

The 450 MW Tuzla 7 project would result in additional coal capacity compared to the current situation. The city already suffers from significant air pollution due to the existing power plant and several other industrial facilities. The project would be implemented by the China Gezhouba Group Co. and is slated for financing from the China ExIm Bank.

Chinese investors

EFT’s 300 MW Stanari power plant, constructed by China's Dongfang, and financed by the China Development Bank, is located near Doboj in Bosnia and Herzegovina, in the Republika Srpska part of the country. Originally it was planned to be a 420 MW plant but this was considered to be on the edge of economic viability and the capacity was reduced to 300 MW.

Chinese investors

Kosovo currently wastes much of the electricity it produces in its two filthy lignite plants: In 2015, 33 percent was lost through technical losses and theft, and much more is wasted through lack of energy efficiency measures. Yet the Kosovo government, heavily backed by the US government and World Bank, plans to build a new 500 MW lignite plant, Kosova e Re or New Kosovo, also sometimes known as Kosovo C.

EBRD