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European Fund for Strategic Investments: Legal requirements to ensure additionality and added-value of EFSI operations

Briefing | 15 May, 2015 | Download PDF

The first four projects that the European Investment Bank announced for financing under President Juncker’s EUR 315 billion investment initiative, the European Fund for Strategic Investments (EFSI), reveal the structural inconsistencies of both the EFSI legal set-up and the EIB procedures themselves. For the time being there is no genuine guarantee about the additionality of EFSI financing and added-value to EU’s long-term economic development objectives, in particular the multiple dividends of a decarbonised and decentralised energy system with substantial energy savings at its heart.


Interviewing the EBRD about the Kumtor gold mine

Briefing | 14 May, 2015 | Download PDF

This interview was conducted during the EBRD annual meeting and business forum, 14-15 May 2015 in Tbilisi. The interview was led by Ryskeldi Satke (RS) with Dr. Alistair Clark (AC), EBRD’s Managing Director Environment and Sustainability Department; Michaela Bergman (MB), EBRD’s Chief Counselor for Social Issues Environment and Sustainability Department; and Dr. Dariusz Prasek (DP), Director, Project Appraisal Environment Department.


Bankwatch Mail 62

Bankwatch Mail | 14 May, 2015 | Download PDF

Коротко о публикации Материалы 62-го выпуска Bankwatch Mail были опубликованы сразу после ежегодной встречи Европейского банка реконструкции и развития в Тбилиси. Увеличение числа энергетических проектов с печальными последствиями для людей и планеты, − от подавления инакомыслящих в Азербайджане и уничтожения национального парка в Македонии до (частичного) успеха ядерной безопасности в Украине, – является основной темой данного выпуска.  


Bankwatch Mail 62

Bankwatch Mail | 14 May, 2015 | Download PDF

Published on the heels of the European Bank for Reconstruction and Development’s annual meeting in Tbilisi, the red thread of Issue 62 of Bankwatch Mail is a slew of energy projects with grim implications for people and planet – from the crackdown on dissent in Azerbaijan to the destruction of a national park in Macedonia to a (partial) success for nuclear safety in Ukraine.  


Operations suspended at one Ukrainian nuclear unit, as wider safety doubts persist

Bankwatch Mail | 14 May, 2015 | Download PDF

Citing 33 safety issue failings, at the end of April Ukraine’s nuclear regulator took the decision to suspend operations at Unit 2 of the South Ukraine nuclear power plant by a May 12 deadline, the date marking the end of the plant’s design lifetime. Under the terms of the Ukrainian State Nuclear Regulatory Inspectorate Council’s decision, should the state-owned nuclear energy operator Energoatom wish to resume the unit’s operations beyond its design lifetime it will have to implement all necessary measures by May 2017.