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.
Retrained and forgotten
April 16, 2019
This research analyses the context of downsizing the ining sector in the Jiu Valley, the concrete measures taken to mitigate the social impact in the areas hit by restructuring the mining sector and how successful these measures were.
Croatian NGOs file court case to prevent resurrection of Plomin 1 coal plant
April 9, 2019
Zelena akcija/Friends of the Earth Croatia and Green Istria have filed a court case challenging the decision to extend the Plomin 1 coal power plant’s environmental permit, it was announced today.
EU-China summit an opportunity to tackle Chinese support for coal in southeast Europe
April 8, 2019
Brussels – With the EU-China summit kicking off in Brussels on April 9, Bankwatch launches a new analysis [1] showing 3.5 GW of new coal may be built in southeast Europe with Chinese support, including in EU member states Romania and Greece.
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
Lieber Chinas Spatz als Europas Taube
April 5, 2019
Die Westbalkan-Staaten wollen in die EU. Doch bis es so weit ist, nehmen sie gern Geld aus Peking an. Noch bleiben zwei Monate Zeit, um Bedenken aus dem Weg zu räumen – das kann heikel werden.Source: Lieber Chinas Spatz als Europas Taube
Slovak aspects of the EIB Energy Lending Policy
March 31, 2019
One of the biggest challenges in Slovakia is to ensure systematic support for the development of decentralised, non-fossil and sustainable energy system. The European Investment Bank (EIB) already invested far too much into fossil gas (77 per cent of a
EU parliament reverses course, votes for strong action on climate with future funds for Europe’s needy regions
March 27, 2019
For immediate release. Brussels, Prague – A vote today by the Parliament has excluded fossil fuels from the EUR 320 billion European Regional Development Fund (ERDF) and Cohesion Funds for 2021-2027, signalling a clear commitment to the EU’s obligations to reduce greenhouse gases under the Paris Agreement and its net-zero emissions Long Term Strategy.
EAST EU STATES ‘MUST DECARBONISE FASTER’: BANKWATCH
March 22, 2019
Their plans meet the bare minimum and are riddled with contradictions and other design flaws, it says.