Victory for civil society as EBRD cancels loan for controversial Croatian dam
May 28, 2013
Today we’re relieved in Zagreb as one energy project that could have had a destructive impact on Croatia’s future has lost its financing and thus its chances of going ahead are drastically reduced: I’m speaking about the infamous Ombla dam, a project for an underground hydropower plant that would have practically destroyed a protected area close to Dubrovnik.
EU leaders support green energy campaign: The European Council calls for phasing out fossil fuel subsidies
May 23, 2013
Just as Bankwatch published a new infographic juxtaposing the European Investment Bank’s beneficial and harmful energy lending, Europe’s political leaders have set a priority for energy investments to phase out fossil fuel subsidies and focus on clean energy instead.
The European Investment Bank’s energy lending: stuck in the past or facing the future?
May 23, 2013
The European Investment Bank, the house bank of the European Union, which directs a fifth of its annual lending portfolio of 60 to 70 billion euros to energy projects, is currently reviewing the policy document that guides its lending to the power sector. On this occasion, Bankwatch is publishing a poster of positive and negative examples of the bank’s lending to energy projects.
Energy efficiency becoming more central to future EU spending in the Czech Republic – thanks to NGO calls
May 21, 2013
Energy efficiency has now become a priority for EU funding in the Czech Republic for the forthcoming 2014-2020 budgetary period.
Polish gas policy under fire
May 21, 2013
On 21 May, Bloomberg reported that the Polish gas policy followed by the government has led many North American companies to leave the country. However, the tax measures haven’t become law yet.
Regional funding negotiations – Green groups warn against last minute reintroduction of fossil fuel subsidies
May 16, 2013
With the final negotiations aimed at sealing agreement on the EU budget for 2014-20 now underway, environment NGOs are warning that a last minute amendment aimed at permitting EU subsidies for fossil fuels that are devastating for the climate must be rejected by negotiators of the future EU Cohesion Policy’s regional development funds.
Divesting from coal is not ideology but climate science – a reminder for the EBRD
May 14, 2013
The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch’s EBRD campaign team to react.
[Campaign update] EBRD still not withdrawing from damaging Ombla hydropower project, NGOs call on bank to heed new evidence
May 13, 2013
Despite having a slew of good reasons not to support the damaging Ombla hydropower plan in Croatia, the European Bank for Reconstruction and Development still didn’t confirm during recent meetings that it would withdraw from the project.
Open letter: Civil society asks EBRD to withdraw from Ombla hydropower plant project
May 13, 2013
A new nature impact assessment of the proposed Ombla hydropower plant showed that the project could harm many of the 68 identified cave species, including the endemic ones. Based on these findings, civil society groups are calling on the EBRD to pull out from the project for which it has approved a EUR 123 million loan.
No end in sight for EBRD coal finance
May 10, 2013
Istanbul – With the 2013 EBRD annual meetings underway and in spite of repeated commitments to sustainability, the bank is set to continue financing coal projects that will dangerously aggravate climate change.
