January 8, 2019
The European Investment Bank and the European Bank for Reconstruction and Development are both reviewing their energy sector lending policies. This is an opportunity to live up to their potential by combating climate change and promoting a sustainable future for all.
September 4, 2018
International commercial and public banks have been bankrolling a wave of hydropower projects across Southeast Europe that have damaged pristine rivers, including in protected areas. These financiers need to take their share of the responsibility and stop financing projects in sensitive areas.
August 21, 2018
Backed by a state-owned energy company, Buk Bijela has the necessary support and privileges to to be pushed forward in violation of the national legislation and international conventions.
August 13, 2018
Entrusted with leading Georgia towards energy independence, the Shuakhevi plant has achieved anything but. Long after its completion in June 2017, it is as far as it could be from fulfilling its promise for energy security. Instead, it managed to collect an impressive ‘portfolio’ of problems in a wide range of areas: from biodiversity, to gender impacts, to community relations.
May 16, 2018
The Romanian Government has been negotiating for several years with the Chinese Government to build a new 600 MW unit at the lignite power plant in Rovinari, Gorj County. The new unit would be built on the site of Units 1 and 2, currently decommissioned. A new up and running plant would pollute the whole region for at least 40 more years, a coal plant’s average lifespan.
May 15, 2018
State-owned utility Elektroprivreda Republike Srpske, together with China Machinery and Engineering Corporation (CMEC) and Emerging Markets Power Fund, plans to build a new 350 MW lignite power plant in Gacko, near the town’s existing plant, and in December 2017 a Memorandum of Understanding was signed to move the project forward.
May 15, 2018
An idea to build a power plant at the open-cast Kamengrad coal mine near Sanski Most in the Federation of Bosnia-Herzegovina has been around for years, but in 2017 it took a step forward with the November signing of a Memorandum of Understanding between Energy China International and the Bosnia-Herzegovina construction supplier Lager d.o.o. for a 2 X 215 MW plant.
April 16, 2018
The leading Ukrainian agribusiness giant has been enjoying generous support in public funds and national subsidies. With over half a billion euros from the EBRD, EIB and the IFC, Myronivsky Hliboproduct PJSC (MHP) has grown into a near monopolist in poultry production. While MHP’s vertically integrated model has contributed to its status as a leading Ukrainian agribusiness, the scale and nature of its business have also contributed to mounting concerns about its social and environmental impacts. These concerns are compounded by patterns of poor community consultation and a lack of information provided about MHP’s operations, leaving project-affected people guessing about the true impacts of its operations.
August 20, 2017
In contrast to most European countries, Serbia and Bosnia and Herzegovina still plan new lignite power plants, with the support of Chinese companies and banks. These plans starkly conflict with the Paris Agreement’s aim of limiting climate change to 1.5 degrees Celsius. All the projects have serious economic, environmental and legal weaknesses, which would burden electricity consumers and taxpayers for years to come.
June 30, 2017
This system of mega-pipelines meant to bring gas from Azerbaijan to Europe, is unnecessary for Europe’s declining gas demand. But the billions in public investments will boost Azerbaijan’s dictatorial regime and cause upheaval for transit communities in Turkey, Greece, Albania and Italy.