The Khada Valley, Georgia
April 8, 2020
The Khada Valley in Georgia brings together exceptional biodiversity, precious cultural and archeological heritage, and mountainous villages which have preserved rich traditions and historical lifestyles. But all of this might vanish if a 23-kilometer road from Georgia to Russia – the Kvesheti-Kobi project – is built.
Minerals mining and supply chains
October 24, 2019
Global demand for minerals and other critical raw materials is intensified by the just transition to renewable energy and the digital transformation agenda. Therefore sustainable supply chains of minerals are fundamental to addressing the climate crisis and the Covid-19 crisis that humanity is facing today. The European Union needs to innovate and find solutions to achieve its circular economy and resource use reduction objectives and to meet the demand of EU’s industry and consumers, while still protecting communities and nature threatened by mining.
Amulsar gold mine, Armenia
August 16, 2019
Since 2016 the controversial Amulsar gold mine project is being developed by Armenia’s largest foreign investor, an international mining company Lydian, near the touristic spa town of Jermuk.
Just transition
July 31, 2019
Working on just transition brings all actors who believe in fair regional redevelopment to the same table: unions, industry, public administration, governments, civil society and others sharing this goal. They should be working together to find what is best for their regions and communities, from creating good quality jobs to identifying sustainable alternatives.
Export Credit Agencies (ECAs)
June 18, 2019
With many billions of dollars at their disposal, export credit agency finance far outpaces that of development banks and yet avoids the same public scrutiny. Most money flows into large infrastructure projects in politically-volatile countries that oft
Boskov most hydropower plant, North Macedonia
April 19, 2019
Boskov Most was one of 18 hydropower greenfield projects planned by the North Macedonian government in the Mavrovo National Park. After five years of campaigning, we convinced the European Bank for Reconstruction and Development about the folly of this project and to cancel its EUR 65 million loan. Without its major source of funding, the project lost steam and was discontinued.
Kresna gorge / Struma motorway, Bulgaria
February 25, 2019
The Struma motorway is tragically emblematic of an EU-funded project that has wrought havoc on European biodiversity and the wishes of local communities. In spite of two decades of protest by civil society and citizens, part of the Struma motorway section is planned directly through the Kresna gorge, a Natura 2000 site and Bulgaria’s richest biodiversity hotspot.
Krapska Reka small hydropower plant, Macedonia
February 6, 2019
Loopholes in the EBRD’s due diligence, together with a lack of assessment and monitoring by Macedonia’s local and central government, has proven to be a lethal combination for the country’s rivers. A prime example is the Krapska Reka small hydropower project. The authorities’ failure to recognise the location as part of the proposed Jakupica National Park, Emerald area and a future Natura 2000 site, on top of poor mitigation measures and construction practices, have caused irreversible damage to this small river valley.
Dabrova Dolina hydropower plant, Croatia
January 24, 2019
A harmless-sounding mill conversion project on Croatia’s stunning river Mrežnica is a textbook example of how even small hydropower plants can damage protected areas. It also exemplifies the lack of transparency and oversight of investments that the European Bank for Reconstruction and Development channelled through commercial bank intermediaries.
Belgrade incinerator public private partnership (PPP), Belgrade, Serbia
January 18, 2019
The planned Belgrade waste incinerator, financed by the EBRD, IFC and Austrian Development Bank (OeEB), is incompatible with waste prevention and recycling targets. The European Commission and EIB recognised this, and the EIB therefore refused to finance it. The project also endangers the already precarious livelihoods of up to 12,000 people waste-picking in the city.
