No proper benchmark for checking European Export Credit Agencies’ compliance with EU objectives
September 4, 2020
Despite being the biggest class of public finance institutions operating internationally, export credit agencies (ECAs) are rarely subject to any public scrutiny. European ECAs declare the compliance with the non-binding OECD Common Approaches standards, but it’s an insufficient benchmark for evaluating compliance with the EU’s External Action obligations as stated by the relevant EU Regulation.
EIB keeps denying Southern Gas Corridor climate impact
August 4, 2020
As it seeks to morph into the EU’s climate bank, the European Investment Bank (EIB) continues to downplay the climate footprint of many of the projects it finances, including that of Europe’s largest fossil fuels project, the Southern Gas Corridor.
Controversial plans for Estonian shale oil pre-refinery cancelled
July 31, 2020
But will leaders take this opportunity to support a meaningful just transition?
EU FUNDS FOR A GREEN RECOVERY: RECOMMENDATIONS TO STEER EU REGIONAL AND RECOVERY FUNDING TOWARDS CLIMATE NEUTRALITY
July 16, 2020
This report highlights investments and measures as listed in NECPs. It proposes new measures which have a great potential to boost climate ambition and a green recovery, and should receive EU and recovery funding as a priority.
New report calls on Member States to steer EU regional and recovery funding towards climate neutrality
July 16, 2020
Ahead of this week’s European Council meeting where Heads of State will gather to discuss and potentially agree on the next term EU budget, the report analyses investments and measures presented in the NECPs of the following 14 Member States: Bulgaria, Croatia, Czechia, Denmark, Estonia, France, Hungary, Latvia, Poland, Portugal, Romania, Slovakia, Slovenia and Spain. It points out the measures in NECPs that are set to receive funding from the next EU budget and recovery funding, makes the case for significant spending improvements to boost climate ambition, and indicates harmful measures in the NECPs that should be excluded from the EU funding.
European Parliament asks European Investment Bank to double down on sustainability and transparency
July 9, 2020
The European Parliament has called on the European Investment Bank (EIB), the world’s largest public lender, to facilitate Europe’s effort to tackle the climate crisis by fully aligning its investment policies and practices with the Paris climate accord.
CEE Bankwatch Network submission to the EIB Climate Roadmap 2021-2025
July 9, 2020
CEE Bankwatch Network submission to the EIB Climate Roadmap 2021-2025
Urgent call to take steps to become the EU Climate Bank
June 24, 2020
Joint civil society letter: Urgent call to take steps to become the EU Climate Bank – Status quo is not an option
EU budget breakthrough achievable with higher climate ambition, say campaigners
June 19, 2020
Brussels – Emphasising green spending in the next one trillion plus euros EU budget is the surest way to reach an agreement on the deal while leading the bloc to a more resilient recovery from the pandemic, say campaigners at CEE Bankwatch Network ahead of today’s European Council.
EBRD’s Green Economy Transition must not be a fig leaf for fossil fuels investments
June 16, 2020
Like many other financial institutions, the European Bank for Reconstruction and Development (EBRD) has responded to the call to join the global effort to tackle the climate crisis. And yet, over the past decade, while growing its support for renewable energy, the bank has continued to hand out public money to the fossil fuels industry.
