A budget aware of the challenges, yet falling short on solutions for a resilient future
July 16, 2025
Despite bold rhetoric on climate and environmental leadership, the European Commission’s proposal for the next long-term EU budget, published today, falls short of aligning future EU spending with the needs of a climate-neutral EU. It fails to provide a clear, enforceable vision for beneficiaries of EU funds to tackle today’s multiple challenges by directing public funds towards building a more resilient, just, and environmentally sustainable economy.
EU climate fund shrinks support for dirty energy
July 4, 2025
In its largest investment round to date, the EU’’s Modernisation Fund extended support to multiple schemes and projects to advance the energy transition, but damaging projects still get a slice.
Western Balkan governments still complicit in deadly coal pollution – new report
June 17, 2025
In 2024, Western Balkan governments’ chronic law enforcement failures allowed sulphur dioxide (SO2) pollution from the region’s antiquated coal power plants to exceed legal limits by six times, according to the seventh edition of Bankwatch’s Comply or Close report, published today (1). Dust and nitrogen oxides (NOx) pollution from coal plants also continued to exceed legal limits.
Landmark deal ends 28-year Bulgaria motorway dispute with agreement to protect Kresna Gorge
June 16, 2025
28 years since the Struma motorway project in Bulgaria started, the Save Kresna Gorge coalition, Road Infrastructure Agency and Ministry of Environment and Water have reached a landmark agreement to implement the final section of the motorway outside the Kresna Gorge.
Vulnerable households at risk: Central and eastern European countries struggle to finalise national social climate plans
June 13, 2025
With just weeks to go before the European Commission’s deadline for national social climate plan submissions, a new analysis by E3G and Bankwatch reveals alarmingly uneven progress across central and eastern Europe. Examining the state of play in eight EU Member States, the report highlights persistent transparency gaps, weak stakeholder engagement, and protracted delays.
Joint NGO statement: New EU budget must ensure dedicated funds for environmental protection and just transition in the Western Balkans
May 28, 2025
68 civil society organisations have today issued a joint statement calling on the EU to ensure dedicated funds for environmental protection and just transition of coal-dependent regions in the Western Balkans in the post-2027 EU budget.
Central Asia: environmental groups and scientists call on international financial institutions to preserve key freshwater bodies and stop supporting destructive hydropower projects
March 14, 2025
The future of Central Asia’s key rivers and lakes is at risk, warn international environmental groups Rivers without Boundaries, International Rivers, Friends of the Earth US, Urgewald and CEE Bankwatch Network in a formal request sent today to the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Asian Development Bank (ADB), Eurasian Development Bank (EDB), Islamic Development Bank (ISDB) and Asian Infrastructure Investment Bank (AIIB).
EU budget gap holding back municipal waste reform and decarbonisation in central and eastern Europe
March 10, 2025
A new report by Bankwatch, Za Zemiata and Zelena Akcija, in collaboration with Zero Waste Europe, reveals that current EU budget allocations for circular economy and municipal waste management measures are insufficient to help central and eastern European countries catch up with the EU’s decarbonisation targets.
Western Balkans: Environmental groups challenge Commission’s breach of Reform and Growth Facility safeguards
January 13, 2025
CEE Bankwatch Network and Climate Action Network (CAN) Europe have formally requested a review (1) of the European Commission’s decision to approve five Western Balkan countries’ Reform Agendas under the new Reform and Growth Facility. The groups argue that the approval breached EU law by failing to apply mandatory environmental safeguards and public consultation requirements.
EU’s Modernisation Fund continues to fund fossil fuels and waste incineration projects, undermining climate and environmental goals
December 20, 2024
The European Commission yesterday announced the disbursement of EUR 2.7 billion from the EU Modernisation Fund to support 39 investment projects across eight Member States. However, CEE Bankwatch Network’s analysis shows that a significant portion of this funding is being disbursed to projects that contradict the EU’s climate and energy targets for 2030.
