The EBRD isn’t working – job creation still not central to investments
March 7, 2013
Kurt Bayer, until recently Austria’s executive director at the European Bank for Reconstruction and Development, has for several years maintained an interesting blog covering issues such as the Eurozone crisis and development finance more generally. Following his departure from the EBRD, might we start seeing a few more revealing insights from Mr Bayer about life – and some of its frustrations – at 1 Exchange Square, London?
The partnership principle in the early stages of programming – experiences from CEE countries
February 20, 2013
The partnership principle is one of the main principles of Cohesion Policy. Even though still under negotiation it is foreseeable that the new legislation for Cohesion Policy 2014-2020 will enshrine substantial progress in further establishing the partnership principle, i.e. providing for a comprehensive involvement of EU Cohesion Policy stakeholders into planning, implementation, monitoring and evaluation of EU funds’ investments. This document aims to present the divergence between the agreed principles of the partnership and current experiences in central and eastern European countries.
Bogus logic in Ukraine: A nature reserve not worth protecting
February 13, 2013
If you thought the purpose of a nature reserve is to protect wildlife from disruptive human interference, then you’re wrong – at least when it comes to nature that’s in the way of electricity infrastructure in Ukraine.
Good news: EBRD drops controversial Monsanto project
January 28, 2013
A potential cooperation between the European Bank for Reconstruction and Development and the agro-corporation Monsanto has thankfully not come to fruition. The case highlights the difficulties for a large development bank to reach farmers on the ground.
Comments on the EBRD’s 2006 Energy Operations Policy and recommendations for the forthcoming Energy Strategy
January 15, 2013
As the first step in its review of its Energy Operations Policy, the EBRD asked for input on its current policy before moving on to write the new sectoral strategy. In our comments, Bankwatch highlighted the current policy’s lack of restrictions on climate-damaging projects including coal power plants and the need for the bank to adopt strict sustainability criteria in order to ensure that it supports only truly sustainable renewable energy.
Involvement of EBRD in Ukraine nuclear sector – Greenpeace action in Kiev
December 18, 2012
The letter from Greenpeace to the EBRD explains in more detail why Greenpeace has joined Bankwatch’s opposition to the Ukraine nuclear power plant safety upgrade project and has staged a protest action in Kiev in December 2012. Both Greenpeace and Bankwatch fear that some of the crucial arguments are not taken into account by the EBRD staff and Board so far.
EIB energy policy review – Time to lock out climate destructive investments for good
December 14, 2012
The European Investment Bank (EIB), the EU’s bank and also the biggest public financial institution in the world by lending volume, has launched a public consultation on its energy policy and is seeking views from the public and other stakeholders that should feed into a review of one of the EIB’s most crucial lending sectors. The new policy is expected to take effect from June 2013.
How many IFIs – and how many millions – does it take to make a safe road?
December 14, 2012
Last month, residents in the village of Krupets in Ukraine blocked the Kyiv-Chop road that runs straight through the village. Their protest – the road was blocked off for more than 90 minutes – came as a result of horrifying car accidents (including ten fatal car accidents since the beginning of this year) that have taken place in their community due to the lack of a speed limit, street lighting and appropriate traffic signs. The regional prosecutor office has initiated a case against the regional roads agency for alleged violation of road and traffic safety standards.
Unsustainable energy future for EU neighbourhood region challenged
December 14, 2012
Europe’s neighbouring countries, from the Western Balkans to Ukraine, are intent on pursuing unsustainable energy futures that rely heavily on coal and nuclear. The draft energy strategy of the European Energy Community, recently open for public comments, is no big departure from the national plans, as Bankwatch found out when compiling comments to the draft – and, moreover, this reliance on coal and nuclear energy could end up receiving EU support and financing.
Public action in Ukraine: Reminding the EBRD of the meaning of nuclear safety
December 7, 2012
A protest action held today in front of the EBRD office in Kiev by Greenpeace and Bankwatch highlighted the dangers of Ukraine’s plans to prolong the operations of its 15 nuclear reactors. The groups called on the European Bank for Reconstruction and Development (EBRD) to take safety more seriously than Ukrainian authorities and invest in decommissioning rather than lifetime extensions.