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The Western Balkans: EBRD’s public money to finance coal plants that threaten EU’s long-term climate targets?

Briefing | 18 March, 2013 | Download PDF

The Western Balkans countries are aspiring to become members of the European Union. At the same time, 6195 MW of new coal and lignite plants are planned to be built in the Western Balkans, which will still be operating by 2050 and threaten these countries’ ability to comply with EU long-term decarbonisation objectives. The European Bank for Reconstruction and Development is planning to support some of these power plants via its loans.


The EBRD, KfW, coal and corruption: European money in the Kolubara mine in Serbia

Briefing | 12 March, 2013 | Download PDF

Linked to a slew of controversies, the Kolubara lignite mining project in Serbia is in line for support from European public banks. Corruption allegations, pollution at local level, irregularities in resettlement of local populations and not to forget a climate damaging approach to energy investments should be reason enough to find alternative options.


Bankwatch Mail 55

Bankwatch Mail | 7 March, 2013 | Download PDF

On the occasion of the Climate Parliament meeting in the European Parliament and with both the EBRD and EIB currently undertaking reviews of their respective energy policies, this issue of Bankwatch Mail takes another close look at the banks’ energy lending, including nuclear and shale gas in Ukraine, coal in Kosovo, the European Commission’s thoughts on the EIB’s energy lending. It also showcases a range of bright ideas from the winners of our EU funds competition, aimed at stimulating new thinking on how future EU budget spending can practically assist local communities and the environment, and more…


New nuclear risks in Ukraine – EBRD urged not to back lifetime extensions under the guise of ‘safety’

Bankwatch Mail | 7 March, 2013 | Download PDF

The European Bank for Reconstruction and Development is expected to take a decision this month on whether or not to provide a EUR 300 million loan for a nuclear power plant Safety Upgrade Programme (SUP) in Ukraine. Bankwatch and other environment groups are questioning the logic of the proposed SUP as it will result in some of Ukraine’s old nuclear units continuing to operate for another 20 years.


EIB hit by activist hoax, pledges to continue hitting climate

Bankwatch Mail | 7 March, 2013 | Download PDF

The European Investment Bank’s annual press conference in the final week of February proved to be significantly more revealing about the bank’s commitment to fueling climate change than is the norm for the EU bank.