The European Parliament at risk of losing sight of climate crisis by getting ready to support new fossil gas projects
September 10, 2021
10th September 2021, Brussels – A majority in the European Parliament, including the Socialist and Democrats (S&D), look set to vote to lock in upwards of 213 million tonnes of carbon from fossil gas, as part of the revision of the EU’s key energy infrastructure law, the TEN-E Regulation.
EU complicity in colossal, lawless air pollution from Balkan coal plants must prompt swift action – new report
September 7, 2021
Around 19,000 people are estimated to have died over the past three years as a result of air pollution from Western Balkan coal-fired power plants, according to a report released today by CEE Bankwatch Network and the Centre for Research on Energy and Clean Air.
The EU Bank about to fail becoming a responsible lender
August 6, 2021
The European Investment Bank (EIB) is closing today the public consultation as part of the review of its Environmental and Social Sustainability Framework. A large group of civil society organisations (CSOs) sent today written contributions highlighting their disappointment with the EIB proposals, and calling for concrete actions to ensure that the EIB will operate as a responsible lender in the future.
European development bank’s new fossil fuels pledge falls short of aligning with the Paris Agreement
July 2, 2021
The governors of the European Bank for Reconstruction and Development (EBRD), representing 69 shareholder governments as well as the EU and the European Investment Bank, decided yesterday the Bank will decrease its support for the fossil fuels industry.
Secret Chinese deal on Bosnia-Herzegovina coal plant must be urgently stopped, say NGOs
June 30, 2021
Environmental organizations have today expressed concerns and called on the Government of Republika Srpska to clearly explain what is happening with the Ugljevik 3 coal power plant and to urgently cancel the concession for the project.
European bank challenged on human rights credentials
June 21, 2021
The European Bank for Reconstruction and Development has struggled to prevent the billions of euros it lends each year from supporting autocratic regimes, finds a new report from civil society groups released on the eve of the bank’s thirtieth annual shareholder meeting.
Commission must apply spending rules to EU recovery funds before greenlighting national plans
June 17, 2021
The European Commission has released its first assessments of how Member States plan to spend from EUR 672 billion Recovery and Resilience Facility, and Bankwatch urges the Commission to ensure that commitments for spending on climate and biodiversity protection are met before the plans are approved.
Billions of EU recovery money to support fossil fuels
May 31, 2021
Several EU states plan to use the EUR 672 billion Recovery and Resilience Facility to expand fossil gas infrastructure using loopholes in the fund’s regulations. These proposals do not comply with objectives of the European Green Deal and recent recommendations from the International Energy Agency to end funding for fossil fuels, warns CEE Bankwatch Network.
Uneven progress towards green recovery as EU members submit spending plans to access EUR 672 billion fund
April 28, 2021
Brussels – EU Member States that opened up their spending plans for the EUR 672 billion Recovery and Resilience Facility have made the most progress towards the aims of the European Green Deal, finds a new assessment of eight countries in central and eastern Europe.
Complaints on controversial motorway project in Bosnia and Herzegovina trigger EBRD inquiry as forced expropriations begin in South Mostar
April 27, 2021
Local residents south of Mostar fear they could be uprooted by a motorway project financed by the European Bank for Reconstruction and Development (EBRD). With forced expropriations underway, the Bank’s accountability mechanism has now announced it will investigate these concerns.
