Planned power plants in the Balkans need review as EU adopts tougher pollution standards
April 28, 2017
The European Union has today approved an updated set of binding standards for power plants, which include new, stricter pollution limits. In the Western Balkans, planned new coal capacities are most likely to be affected by the updated regulations.
Western Balkans are massively expanding coal power – but the new plants may have to be closed again soon
March 29, 2017
Plans for new lignite power plants in Western Balkan countries do not take into account the effect of CO2 prices, according to a new Bankwatch study. As a result, the plants risk becoming uncompetitive in the future, with taxpayers footing the bill.
Overlooked carbon costs could turn Western Balkans’ new coal power plants into white elephants – analysis
March 29, 2017
A new Bankwatch analysis examining ten coal-fired power plant projects across the Western Balkans finds that, once the cost of carbon emissions allowances are factored in, they could become a serious liability for both the companies involved and the public. Moreover, only a few feasibility assessments for coal power plants in the region are publicly available, and most of those have failed to properly take carbon costs into account, the briefing authors note.
Carbon costs for planned coal power plants in the Western Balkans and the risk of stranded assets
March 29, 2017
This briefing analyses ten coal-fired power plant projects across the Western Balkans and finds that, once the cost of carbon emissions allowances are factored in, they could become a serious liability for both the companies involved and the public.
Call the chimney sweepers! Independent monitoring shows for first time true level of air pollution near coal plant in Serbia
December 20, 2016
Smoke signals the coming of a polluted winter in Drmno, Serbia. Bankwatch’s independent air quality measurements show for the first time the alarming levels of dust particles near the Kostolac B power plant.
Why coal is not the way forward – facts versus myths
November 14, 2016
Coal is the single biggest contributor to global climate change. But governments and investors planning new coal capacities have a range of flimsy arguments why coal would be the best or the only alternative. This briefing busts a number of myths surrounding coal, such as “coal is cheap”, “alleviates poverty” or “coal is clean”.
Deceptive promises of new jobs in the coal sector don’t help workers, communities or the climate
November 14, 2016
Now is the time for southeast Europe to start an inclusive and just transition away from lignite, argues new Bankwatch research.
Overblown job promises in southeast Europe’s coal sector show the need for a just transition – report
November 14, 2016
Promises for new jobs in south-east Europe’s coal sector are exaggerated, a new Bankwatch report reveals. Hardly any coal operations across the region are economically viable, and as a result many coal workers, especially in the mines, are set to lose their jobs, even if the plans for countless new power plants materialise. Governments, coal workers and their wider communities need to work together towards a just transition.
The great coal jobs fraud – unrealistic employment claims in southeast Europe
November 14, 2016
This report reveals how and why promises for new jobs in south-east Europe’s coal sector are exaggerated. Hardly any coal operations across the region are economically viable, and as a result many coal workers, especially in the mines, are set to lose their jobs, even if the plans for countless new power plants materialise. Governments, coal workers and their wider communities need to work together towards a just transition.
Guest post: China stokes global coal growth
September 27, 2016
China cuts coal at home but state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker from China Dialogue.
