EBRD environmental policy breaches on hydro plants confirmed by internal investigation
January 13, 2014
The EBRD has failed to properly assess 3 hydro projects it has approved for financing in Macedonia, Croatia and Georgia, according to bank internal investigations initiated after formal complaints by Bankwatch member groups. NGOs caution that, more than mere slips, these improper assessments are a symptom of what could be called bankers’ overconfidence – that is, a tendency to assume that all environmental damage can be ‘managed’, which from a business point of view is much more convenient than admitting that some projects simply should not go ahead.
EBRD joins other financial institutions in restricting coal lending
December 10, 2013
The European Bank for Reconstruction and Development (EBRD) approved today during a vote of its Board of Directors a new Energy Strategy. The document is meant to give guidance on how to strategically use the bank’s resources over the next years to promote energy security and affordability and avoid dangerous climate change.
EBRD soft on coal sector corruption, new analysis shows
December 9, 2013
The European Bank for Reconstruction and Development has been approving financing for coal projects over which corruption allegations loom, and in some cases even while official corruption investigations were underway, according to an analysis published by CEE Bankwatch Network today.
China urged to pursue renewable energy investments, not coal, during summit with eastern European leaders
November 25, 2013
Bucharest — As the China – Central and Eastern European Countries summit gets underway today in Bucharest, NGOs from across the CEE region have written to Chinese Premier Li Keqiang calling on him to support renewable energy and energy efficiency investments, instead of the series of coal projects currently planned across eastern and south-east Europe.
Stanari power plant in Bosnia allowed to pollute 2-10 times higher than EU limits, new expert analysis shows
November 21, 2013
The pollution from EFT’s new 300 MW Stanari lignite-fired power plant in Bosnia and Herzegovina may be 2-10 times higher than EU limits allow, according to a new expert analysis commissioned by the Center for Environment from Banja Luka.
EU Cohesion Policy deal done, but not dusted
November 20, 2013
Strasbourg, France – Following final agreement today by the European Parliament on EU Cohesion Policy spending for the next seven years, CEE Bankwatch Network and Friends of the Earth Europe are calling on eastern European countries to now make the most of the funds available and commit to quality spending.
Protests target European bank as it champions coal from the side lines of Warsaw climate conference
November 18, 2013
Warsaw – Actions are being organised today in several European capitals to protest the attendance of the European Bank for Reconstruction and Development at the International Coal and Climate Summit, organised by the World Coal Association in parallel to the United Nation’s climate conference in Poland.
Protestors address coal lobby meeting at Warsaw climate talks: ‘There is no such thing as clean coal’
November 18, 2013
WARSAW – People from around the world gathered today in front of Poland’s Ministry of Economy in protest of the World Coal Association’s International Coal and Climate Summit organised on the sidelines of the 19th UN climate change conference.
EU budget’s climate potential at risk in eastern Europe – new data
November 18, 2013
Brussels, Belgium – Ahead of anticipated final agreement in the European Parliament this week (Tuesday November 19) on the forthcoming EU budget (for the period 2014-2020), CEE Bankwatch Network and Friends of the Earth Europe have today published data that shows how eight central and eastern European countries are failing to tap the climate potential of future EU billions.
Banking on Coal – Undermining our climate. NGOs reveal top 20 international banks financing the coal mining industry
November 15, 2013
Coal is the single greatest source of CO2 emissions endangering our climate. Yet never before has so much coal been mined on the planet as today. Since 2000, global coal production has grown by 70% and has now reached a staggering 7.9 billion tons annually. And what’s more, the industry is still expanding. Who on earth is financing the enormous production increases of the world’s dirtiest fossil fuel?
