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.
Nature ignored in European recovery funding, say campaign groups
March 18, 2021
Member States plan pitiful amounts of spending from the €672 billion Recovery and Resilience Facility (RRF) to protect and preserve nature, in spite of EU requirements and the generally poor state of biodiversity across the continent, say civil society groups ahead of Thursday’s meeting of European environmental ministers.
EU bank failing on transparency and openness, warns civil society
March 11, 2021
Brussels – The European Investment Bank (EIB) is a laggard among its lending peers in terms of the amount of information it provides about its activities, finds a new analysis.The 53 civil society groups behind this analysis — including CEE Bankwatch Network, Counter Balance, Client Earth and many more — are urging the Bank to be more open about the impacts of its financing.
How are CEE governments planning to use EU funds for the transition of coal regions? New Bankwatch report gives journalists tools to monitor the process
March 3, 2021
Territorial Just Transition Plans (TJTPs) are a precondition for European Union Member States to access the EUR 17.5 billion Just Transition Fund (JTF). The plans must outline the expected process of transitioning away from a coal-based economy; the most affected territories and all types of impacts; what operations are envisaged; and how the process will ensure participation, monitoring and evaluation. TJTPs are developed at the sub-regional level; therefore, countries must produce documents for each territory where they plan to spend money from the Just Transition Fund.
Vujadin Berberović, local activist who campaigned against Corridor Vc in Bosnia and Herzegovina, passes away
February 10, 2021
Bankwatch is deeply saddened to learn of the passing of Vujadin Berberović, president of the Serb returnee association in Mostar, Bosnia and Herzegovina, who played a key role in mobilising his community to ensure the local residents are equal stakeholders in the development of the Corridor Vc project.
Secrecy surrounding €672 billion in EU recovery funding jeopardises building back better
February 9, 2021
Little is known about how Member States intend to use funds from the EU’s EUR 672 billion Recovery and Resilience Facility, raising concerns about the bloc’s ability to rebound from the economic downturn as it moves towards meeting Europe’s long-term climate and energy goals, finds new research by Bankwatch for the Green 10 network of environmental groups .
NEW REPORT: EU push for metals mining is a raw deal for people and environment
January 28, 2021
With a fair and digital transformation topping the priorities of the Portuguese EU presidency, the European Green Deal’s push for raw materials should not come at the expense of workers, local communities and nature, warns a new report from CEE Bankwatch Network.
EIB needs fundamental reforms to back its sustainable finance plans
January 20, 2021
Following today’s annual press conference of the European Investment Bank (EIB), in which the Bank’s President Werner Hoyer, presented its role in supporting the EU’s response to the Covid-19 pandemic and the ensuing economic downturn in “smart and green” way, Bankwatch’s campaigners commented on the EIB’s sustainability track record and key deficiencies in the Bank’s policies that have been missing in President Hoyer’s statements today.
