Turnu Măgurele – Nikopol Hydraulic Structures Assembly on the Danube river, Romania and Bulgaria
September 20, 2024
The project, if built, would not only devastate critical habitats, leading to the potential extinction of species such as the Danube sturgeons, but also displace local communities, disrupt existing investments, and violate several EU environmental directives.
Indorama Agro: Uzbekistan’s infamous cotton producer
July 24, 2024
Despite being Uzbekistan’s largest cotton producer and receiving millions in development loans from the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB) and the International Finance Corporation (IFC) – institutions that promote modernisation and corporate responsibility – Indorama Agro faces multiple complaints of worker mistreatment and retaliation.
Zarafshan, Bash and Dzhankeldy wind projects, Uzbekistan
May 9, 2024
The first large wind projects in the Central Asian country are being built in biodiversity hotspots and hinder the declaration of protected areas. The IFC, EBRD and ADB need to ensure that some of the most problematic turbines are moved away.
Upper Horizons hydropower scheme, Bosnia and Herzegovina
June 14, 2023
A series of dams, diversion tunnels, hydropower plants and channels will completely change the natural hydrology of eastern Herzegovina and have unpredictable impacts on wetlands, rivers and underground karst.
Ulog and Upper Neretva hydropower plants, Bosnia and Herzegovina
June 14, 2023
A 35 MW hydropower plant is currently under construction on a pristine section of the Neretva river at Ulog. Seven more plants are also planned further upstream.
Skavica hydropower plant, Albania
April 28, 2023
Instead of increasing its energy security, Albania is pushing the construction of yet more hydropower. The Skavica project may flood several villages, displace thousands of people and bring the Balkan lynx to extinction
The Reconstruction of Ukraine
April 4, 2023
The scale of destruction caused by Russia’s aggression against Ukraine has been staggering. To repair the damage, joint efforts to coordinate donations and properly plan Ukraine’s reconstruction must start as soon as possible. A successful reconstruction of Ukraine cannot happen without involvement of the Ukrainian people. That’s why we’re calling on international donors to ensure that the financial structures to help impacted communities are put in place and that civil society groups have a say in this process. We believe that Ukraine and the international community have a unique opportunity to modernise the country while addressing people’s needs and long-term sustainability.
After recovery towards cohesion
March 15, 2022
For the first time, the EU climate ambition is backed by an unprecedented financial package. The recovery and cohesion policy funds are planned to be two major components to accelerate the energy transition and reach towards climate neutrality by 2050. Bankwatch makes sure these EU funds support transformative and sustainable investments that advance energy consumption reduction, sustainable renewables and smart grids, ideally owned by communities.
Komarnica hydropower plant, Montenegro
March 9, 2022
Planned by Montenegro’s state-owned electricity utility EPCG, the need for the Komarnica hydropower plant has never been proven.
EU funds and biodiversity
March 4, 2022
Nature is in crisis. 81 per cent of habitats in the EU are in ‘poor condition’, and without swift action this will only become worse. We need systemic and wide-reaching action and investments to tackle biodiversity loss and help restore nature before it is too late. The EU has pledged 120 billion of the EU budget to be earmarked for biodiversity by 2026, offering enormous potential to restore and protect nature, providing this is properly invested. We are therefore campaigning to ensure these public funds work for – not against – nature.
