International banks fuelling a hydropower tsunami that’s decimating pristine Balkan rivers – study
March 16, 2018
Radolfzell, Vienna, Prague – Multilateral development banks have supported no fewer than 82 hydropower projects across southeast Europe, including in protected areas, according to a study by CEE Bankwatch Network released today.
Controversial Turkish-Azerbaijani gas pipeline gets major EU loan
March 15, 2018
Today the board of directors of the European Investment Bank (EIB) green-lighted a EUR 932 million loan to the Trans Anatolian gas pipeline (TANAP), the Turkish section of the Southern Gas Corridor, a month after handing out the largest ever fossil fuels loan to the western section of the same project.
European Parliament calls for future EU budget to support the energy transformation in regions that need it most
February 22, 2018
Prague, Brussels – Today NGOs across central and eastern Europe welcome a report from Members of the European Parliament’s BUDGET Committee [1], laying out the priorities for the next EU budget after 2020 – the ‘Multiannual Financial Framework’ (MFF).
Controversial gas pipeline gets EUR 1.5 billion in public money amid massive climate risk
February 6, 2018
CEE Bankwatch Network, Counter Balance, Friends of the Earth Europe, 350.org Press release For immediate release Prague, Brussels –– The European Investment Bank (EIB) voted today to hand out one of Europe’s largest ever loans to one of the EU’s larges
New study shutters EU claims on climate benefits from flagship energy project
January 30, 2018
The controversial Southern Gas Corridor, the EU’s flagship energy project, could be as emissions-intensive as coal power or even more, a new study reveals.
European-financed small hydropower plants damaging pristine Balkan landscapes – study
December 20, 2017
Eight hydropower projects in Albania, Croatia and Macedonia financed with European public money have damaged biodiversity and are in urgent need of increased monitoring and restoration measures.
EUR 1.5 billion public loan for controversial pipeline withheld
December 12, 2017
Today, at a board meeting in Luxembourg the European Investment Bank has decided, for now, to postpone loaning 1.5 billion euros to the controversial Trans-Adriatic Pipeline.
Bern Convention: Macedonian government is urged to halt construction of hydropower plants in national park
December 11, 2017
Plans for 17 hydropower plants throughout Macedonia’s Mavrovo National Park must be immediately suspended, so the Standing Committee of the Bern Convention ruled at its annual meeting last week.
More billions for fossil fuels overshadows European development bank’s climate pledges
December 11, 2017
Despite commitments to help address the climate crisis, the European Bank for Reconstruction and Development awarded fossil fuel projects EUR 4.05 billion between 2010 and 2016 – more than double its support for renewable energy during the same period.
Rushed loan approval for Tuzla 7 coal plant, but project far from ready
November 28, 2017
The China Exim bank and Bosnian power utility Elektroprivreda BIH yesterday signed a massive loan agreement for the Tuzla 7 lignite power plant – a project that would have dire health, economic and climate repercussions.
