Indigenous communities in Georgia threatened by a major hydropower project financed with European public money
May 10, 2019
There are many reasons why the Nenskra hydropower plant in Georgia should not be built at all. The project is set to have devastating environmental and social impacts, and its economics are particularly shoddy.
Five reasons why EBRD should pull out of the controversial Nenskra hydropower project
May 8, 2019
As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement.
Goldman winner to development banks: drop billion dollar Nenskra dam in Georgia
April 29, 2019
The 2019 winner of the Goldman Environmental Prize from Europe Ana Colovic Lesoska has today called on development banks – the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank and (ADB) the Asia Infrastructure Investment Bank (AIIB) – to drop their funding for the Nenskra hydropower project planned in Georgia’s Caucasus mountains.
Stop billion dollar Nenskra dam in Georgia
April 29, 2019
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Boskov most hydropower plant, North Macedonia
April 19, 2019
Boskov Most was one of 18 hydropower greenfield projects planned by the North Macedonian government in the Mavrovo National Park. After five years of campaigning, we convinced the European Bank for Reconstruction and Development about the folly of this project and to cancel its EUR 65 million loan. Without its major source of funding, the project lost steam and was discontinued.
Corporate loans – the rotten apple in EBRD’s Environmental and Social Policy?
April 18, 2019
As the Board of Directors is expected to vote any day now on the renewed Policy which lays out the conditions for reaching the Bank’s sustainability mandate and commitment to EU standards, a compliance review on Serbia’s energy company’s corporate restructuring loan calls for clearer and stronger safeguards for corporate level loans.
Chinese-financed coal projects in Southeast Europe
April 8, 2019
EU member states Romania and Greece, as well as several EU enlargement countries in the Western Balkans, plan to build new lignite power plants. The Balkan coal plans starkly conflict with the Paris Agreement’s aim of limiting climate change to 1.5°C b
EU action on Western Balkans’ chronic coal pollution is a unique opportunity to improve health and productivity
February 19, 2019
Brussels – Sixteen outdated coal power plants in the Western Balkans are a public health and economic liability for the whole of Europe, with people in the EU bearing the majority of the health impacts and costs, according to a new report [1] by the Health and Environment Alliance (HEAL), Sandbag, Climate Action Network (CAN) Europe, CEE Bankwatch Network and Europe Beyond Coal. The European Union (EU) needs to use all of the tools available to improve health, prolong lives, save health costs and increase productivity both in the EU and in the Western Balkan region.
The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project
February 7, 2019
Brussels – In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it with major financial support using EU public money.
Shuakhevi hydropower plant, Georgia
August 13, 2018
Georgia’s biggest and one of the most controversial hydropower plants is mostly famous for its failures. Two months after becoming operational in 2017 its tunnels collapsed. And after two years of repairs water is leaking from the dam. Shuakhevi hydropower plant (HPP) once promised to bring energy independence to Georgia. Instead it managed to collect an impressive ‘portfolio’ of problems in a wide range of areas: from biodiversity, to gender impacts, to community relations.
