Keeping the flame alive with emission revenues: How the EU Modernisation Fund props up fossil gas and waste incineration
May 8, 2025
In operation since 2021, the Modernisation Fund was designed to channel EU emission trading revenues into investments in the energy transition in 13 lower-income Member States.
Where vested interests lie: An analysis of Kazakhstan’s coal, oil and gas industries
March 26, 2025
This study examines the practical steps Kazakhstan is taking to reduce the production of fossil fuels – specifically oil, gas and coal – in light of its commitment to achieving carbon neutrality by 2060.
The southern gas interconnection from Croatia to Bosnia and Herzegovina: A stranded asset in the making
March 17, 2025
In light of increased activity around the southern gas interconnection between Croatia and Bosnia and Herzegovina in recent months, this briefing aims to examine the evidence presented in favour of the pipeline so far. Starting with a brief overview of
Comments on the ‘Identification of hydrogen infrastructure needs for the TEN-E priority corridors’ methodology
March 13, 2025
A joint submission to the 2025 public consultations on the methodology underlying the needs assessment for key tranboundary energy projects.
Czechia wants to phase out coal. But is natural gas the solution?
March 10, 2025
According to calculations by CEE Bankwatch, the Czech plants near Vrato and Opatovice alone are getting a total of almost 350 million euros in subsidies from the EU Modernisation Fund.
Romania: Key Black Sea gas pipeline goes on trial
February 27, 2025
‘Gas hub’ is Europe’s buzzword du jour, and the Romanian government certainly has high ambitions. With shiny new pipelines and a massive drilling rig in the Black Sea, Bucharest is working hard to capitalise on its neighbours’ fossil gas addiction – and to hell with the EU’s climate commitments. Even due process has been little more than an afterthought. Until this week.
Hungary’s fracking shame: Green groups challenge expansion of controversial Corvinus project
February 13, 2025
Shale gas extraction, or fracking, is so infamous for its environmental impacts that it is banned in multiple European countries. In Hungary, however, the authorities are looking to expand a fracking project near the border with Romania, despite it already worsening the climate crisis and threatening local agriculture. Campaigners are challenging these risky plans.
Against all logic, Bosnia and Herzegovina’s Federal government ramps up fossil gas ambitions
January 14, 2025
Fossil gas makes up less than three per cent of total energy supply in Bosnia and Herzegovina (BiH), but instead of making use of the opportunity to leapfrog straight from coal to renewables, the Federation of BiH (FBiH) government is inexplicably expanding its gasification ambitions.
Bosnia and Herzegovina southern gas interconnector: ‘Why gas at all?’ should be the key question
December 18, 2024
The long-running controversy about the planned southern gas interconnector between Croatia and Bosnia and Herzegovina (BiH) has dramatically reignited this month. After fervent lobbying by the US Ambassador to BiH, a special law on the project was adopted by the first of two houses of the Federation of BiH entity parliament on 12 December. But political controversies have monopolized the debate, with hardly a word on its energy, economic or climate implications.
While the EBRD shows off its green credentials at COP29, its North Macedonia gas pipeline loan still brings more questions than answers
November 19, 2024
The EBRD has made significant investments in solar, wind and energy efficiency in recent years. But these have been undermined by its continued support for fossil fuels. This April, a EUR 98 million loan for the Greece to North Macedonia pipeline was approved, despite major leaks in the Bank’s rationale for supporting it. Recent delays have further exposed the flawed assumptions behind the project, as our new briefing shows.
