Radio silence on gas allegations: European Commission breaks another deadline to respond to Bankwatch’s complaint
October 21, 2021
The European Commission’s Directorate General for Energy is dragging its feet in answering allegations on its role in the selection of priority gas pipelines in the Western Balkans and Caucasus region. The delays threaten to diminish the chances of the Ombudsman’s findings being taken into account while developing new EU energy rules.
IEA call to public finance institutions: End of finance for new fossil fuel projects & massive scale-up of clean energy spending needed
October 14, 2021
Our energy systems are a long way from alignment with the pathway to stay below a 1.5°C rise in global temperatures, according to the International Energy Agency (IEA) World Energy Outlook 2021 report published yesterday.
The European Parliament at risk of losing sight of climate crisis by getting ready to support new fossil gas projects
September 10, 2021
10th September 2021, Brussels – A majority in the European Parliament, including the Socialist and Democrats (S&D), look set to vote to lock in upwards of 213 million tonnes of carbon from fossil gas, as part of the revision of the EU’s key energy infrastructure law, the TEN-E Regulation.
Romania’s recovery and resilience plan: Investments and reforms conflicting with the decarbonisation process of the energy sector
August 8, 2021
As the European Commission is currently reviewing the Romanian Recovery and Resilience Plan, there is a risk that billions of euros in public money might end up supporting the fossil fuels industry. This briefing provides an analysis of the recovery pl
Gazul nu e „fit” pentru criza climatică
August 6, 2021
Statele membre ale Uniunii Europene au căzut de acord să contribuie activ la diminuarea schimbărilor climatice, iar din acest motiv a fost …
Civil society wishes on the EBRD’s 30th birthday: shut the fossil fuels party
June 29, 2021
People around the world are already feeling the brunt of the climate crisis on an almost daily basis. Most governments accept we are in the midst of a global climate crisis, including those controlling the European Bank for Reconstruction and Development (EBRD). And yet, Bankwatch’s recent analysis shows that during 2019-2020, the EBRD has awarded the fossil fuels industry more than USD 2 million every day on average. Two million dollars. Every single day.
It is time for EBRD to become the lighthouse for fossil-free development banks
June 24, 2021
On the occasion of its 30th anniversary, the European Bank for Reconstruction and Development (EBRD) has the opportunity to help avert climate breakdown by putting itself at the heart of the global transition to a carbon-free economy. This joint state
BankWatch Urges ERBD to Stop Investing in Fossil Fuels
June 18, 2021
BankWatch, a network of organizations that monitors international public finance in Central and Eastern Europe, has a released a report in …
New beginnings at 30: can the EBRD leave behind fossil gas to become a bank fit for our future?
June 16, 2021
This report analyses the EBRD’s energy-related operations across the first two years of the Bank’s new Energy Sector Strategy (ESS) (2019-2020). This initial period of the ESS’s implementation is also compared to the previous ESS implementation period
Member states under fire for backing ‘blended’ hydrogen and fossil gas
June 14, 2021
Source: Member states under fire for backing ‘blended’ hydrogen and fossil gas
