Bursting bubbles: greens and geeks of the world, unite!
October 26, 2018
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.
The EU’s house bank obstructs climate action with continued fossil fuels spending and lacking investment in sustainable energy – new report
September 6, 2018
Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new report details a set of measures – including an unequivocal commitment to end support for fossil fuels – that can be introduced in the course of the upcoming review of the EIB’s energy strategy to ensure the world’s largest public lender facilitates the global effort to tackle the climate crisis, rather than hamper it.
European Investment Bank energy lending 2013-2017
August 31, 2018
Energy doublethink Contradictions at the EU bank in combatting climate change Anna Roggenbuck EIB policy officer Alternative news on the EIB Help us watchdog the world’s biggest public lending institution by signing up for our e-mail updates. Learn mor
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.
The European Parliament resolution urges European financial institution to respect indigenous peoples rights
August 9, 2018
Celebrate the rights of those 5 per cent who hold 80 per cent of the planet’s biodiversity. Today is the International Day of the World’s Indigenous Peoples.
Environmentalism and democracy on the rise in Albania
August 1, 2018
Public participation is a prerequisite to functioning democracy. Environmental justice is crucial to sustainable development. But in Albania, a small, southeastern European country only recently emerging from decades-long, self-imposed isolation, democracy is still struggling to be born, and suffers from often being confused with unchecked capitalism.
Devastating floods are the latest warning sign about controversial Nenskra hydropower project
July 31, 2018
From the outside, this tragedy might seem like a natural disaster, a force majeure. But one cannot ignore the human factors at play.
Court complaints launched against Bosnia-Herzegovina hydropower permits
July 26, 2018
Sarajevo, Banja Luka, Nikšić, Podgorica, Prague – The Aarhus Resource Centre Sarajevo has submitted two court complaints [1] to the District Court in Banja Luka against the environmental permits for the Buk Bijela and Foča hydropower plants on the river Drina in Bosnia-Herzegovina near the border with Montenegro.
Environmental problems of Shuakhevi Hydro Power Plant, Adjara, Georgia
July 23, 2018
The 184 MW Shuakhevi Hydro Power Plant is under construction on the Adjaristsqali river and two of its main tributaries in the Autonomous Republic of Adjara, Georgia. The design envisages it as a run-of-the-river plant with capacity of diurnal storage
Nenskra complaint to the European Investment Bank
June 1, 2018
In our opinion, the European Investment Bank (EIB) has failed to comply with the Standard 7 by not respecting the status of Svans as indigenous peoples. The Bank did not fulfill its environmental and social standards: it ignored the project’s significa
