The EU budget needs to be greener, not leaner and meaner
October 8, 2012
It is now widely acknowledged that there is enormous potential to reap environmental, social and economic dividends through improving the energy efficiency of Europe’s 160 million buildings. And yet actual investments in energy efficiency measures remain very small in comparison to this potential. To achieve the EU objective of a 20 percent improvement in energy efficiency by 2020 (from 1990 levels), the European Investment Bank estimates that EUR 85 billion per year is needed, with EUR 60 billion per year required for buildings alone. The forthcoming EU budget for 2014-20, currently being negotiated, has a vital role to play here, for both Europe’s more developed and less developed countries.
Making sure EU funds pave the way to cleaner transport
October 8, 2012
The European Parliament has called for ‘sustainable transport’ to be a top priority for the next round of EU cohesion spending. Does this mean that we’ll be seeing a new generation of genuinely clean transport projects across Europe? Not just yet, argues Nina Renshaw of sustainable transport campaign group T
The EU’s pie in the sky: New analysis questions further funding support for aviation
October 8, 2012
A recently published analysis from Bankwatch that examines existing EU funding support for airports in Poland concludes that such EU support for airport infrastructure in Poland and other EU countries has to be phased out in the next EU budget period 2014-2020.
EU budget 2014-20: The only way is up for climate allocations
October 8, 2012
The debates, discussions and negotiations over the EU budget for 2014-20, the so-called Multiannual Financial Framework (MFF), have been bubbling behind the scenes for many months now, but in many senses they are just getting underway. This is crunch time now.
Open letter to Serbian president: Protect our property in the Vreoci cemetery
October 4, 2012
The letter is asking the Serbian government to protect Vreoci community property in the Vreoci cemetery and especially an orthodox chapel that is property of Vreoci citizens.
Comments on the list of projects to be considered as Projects of Common Interest in energy infrastructure
October 4, 2012
Can Ukraine abandon nuclear energy? Yes we can
September 30, 2012
This briefing examines how Ukraine can reduce its dependency on nuclear energy, without sacrificing its ability to meet demands. The results show that Ukraine could very well satisfy its electricity needs even when it shuts down expired nuclear power plants, does not built new ones, and neither increases the use of coal in thermal power plants.
Letter to DG Environment: Flaws in Environmental Impact Assessment of the Oyu Tolgoi mine in Mongolia
September 25, 2012
The Environmental and Social Impact Asessment (ESIA) for the Oyu Tolgoi mine in Mongolia has been delayed for years and comes at a time when the commercial operations are soon to begin. By including only the construction phase of the mine, the impacts of its actual operations are neglected with potentially devastating impacts on water reserves in the Gobi desert – especially because the interrelation of the deep (fossil water) and shallow aquifers that are used by herders has not been thoroughly assessed and is based only on modelling and assumptions with no monitoring data publicly available.
Letter to President of Ukraine calling for veto against Khmelnistky nuclear units
September 20, 2012
Bankwatch and its members appeal to Viktor Yanukovych, President of Ukraine, to stop the Ukrainian government’s plans to construct two new nuclear units at the Khmelnitsky nuclear power plant. The letter asks Yanukovych to use his vetoing power and not sign the relevant law that was adopted by Ukraine’s parliament on 6 September 2012, since the law is in direct violation of Ukraine’s international obligations.
EBRD investments in Mongolia’s mining sector
September 19, 2012
International mining companies and financial institutions want to help transform Mongolia into a modern mining nation. To realise this plan they are banking on the vast coal, copper and gold deposits in the Gobi desert. This paper examines the environmental and social risks connected to this approach and offers suggestions for the EBRD’s engagement in the country. Read more on our blog