Thousands demand European development bank stops financing fossil fuels
September 27, 2023
Over 6200 emails have been sent to the European Bank for Reconstruction Development (EBRD) calling for its next energy policy to end financing for fossil fuels and step up investments in the energy transition.
Legal challenges hit Greece – North Macedonia gas pipeline plans
September 19, 2023
Non-governmental organisations CEE Bankwatch Network and Eko-svest have submitted three formal complaints alleging legal breaches in the planned Greece – North Macedonia fossil gas pipeline project.
Bulgarian government’s Black Sea gas ambitions: a dangerous distraction from a just energy transition
August 8, 2023
In stark contradiction with the urgent need and ambitious measures taken to end Europe’s dependence on fossil fuels, the Bulgarian government is working to join a fossil gas prospecting project in the Black Sea.
Cutting off the pipeline from REPowerEU to the fossil gas industry
July 27, 2023
In May 2022, the European Commission, in response to the energy crisis, launched the REPowerEU plan – a set of measures aimed at ending the EU’s dependence on Russian fossil fuel imports by 2027. The plan emphasises the diversification of gas and oil supply sources, the replacement of fossil fuels with renewable energy sources by accelerating Europe’s clean energy transition, and the reduction of energy consumption, primarily gas, in the EU. Yet despite its ambitious scope, the plan excessively prioritises the interests of the fossil fuel industry.
Three governments are seeking EU money to deepen fossil gas dependence under the guise of energy emergency
July 27, 2023
Although the EU has managed to brave the energy emergency triggered by Russia’s assault on Ukraine, a Bankwatch report released today reveals that the Polish, Croatian and Bulgarian governments are still seeking at least EUR 1.5 billion in EU public money to build new fossil gas infrastructure under the guise of an emergency response.
Bosnia and Herzegovina’s draft NECP: The good, the bad and the ugly
July 20, 2023
Bosnia and Herzegovina’s draft NECP finally looks to the future, plans no new fossil fuel power plants and significantly scales back unrealistic hydropower plans. But existing coal plants are to keep operating illegally and the draft is furtive about coal-to-biomass plans.
Green light for major Black Sea gas project will accelerate the climate crisis
June 21, 2023
Romania’s OMV-Petrom announced today its final investment decision on the Neptun Deep fossil gas project in the Black Sea. If built, this massive offshore development could be the final nail in the coffin for Romania’s—and the EU’s—commitments to stem the climate crisis.
EU funds fossil gas in Poland and Romania despite climate goals
June 6, 2023
More than EUR 1.5 billion in EU funds has been provided to Poland and Romania for fossil gas projects since 2014. The two governments have earmarked even larger sums for the current EU budget period despite the bloc’s goals of reducing greenhouse gas emissions, according to a report released today by CEE Bankwatch Network.
Energy insecurity: EU funds for fossil gas in Poland and Romania contradict climate goals
June 6, 2023
This report reveals how much EU public money has been channelled toward the expansion of fossil gas infrastructure in Poland and Romania since 2014 as well as what plans these two countries have for using various EU funding sources to finance additional fossil gas projects in coming years.
Latvia abandons plans for controversial LNG terminal but still needs to ditch fossil gas
April 12, 2023
Latvia’s government announced yesterday (11 April) it is terminating plans for a liquified fossil gas (commonly termed liquified natural gas or LNG) terminal in Skulte.
