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The Modernisation Fund: An open door for fossil gas in Romania

Report | 26 March, 2024 | Download PDF

The Modernisation Fund is supposed to channel revenues from the EU’s carbon market into the energy transition in central and eastern Europe. But it’s actually being used to further deepen the region’s dependence on fossil gas. 


Manifesto: A call for the next European Parliament and Commission to deliver the transformative investments citizens deserve

Manifesto | 26 March, 2024 | Download PDF

The proposals outlined in this manifesto guide our vision for how EU public finances can become more transformative.


Led by nature: Projects to protect and restore biodiversity in Europe

Report | 22 March, 2024 | Download PDF

These case studies from several European Member States demonstrate some of the many ways EU funds can and should be used to support nature restoration and conservation projects, which are instrumental to addressing the biodiversity crisis across sectors while also building a greener, fairer future.    


The great energy trap: An evaluation of the economic viability of replacing coal with gas in large power plants in Bulgaria

Report | 14 March, 2024 | Download PDF

This report analyses several scenarios for replacing the existing coal capacity at Maritsa East and Bobov Dol with new gas-fired units. It looks at the implications of these projects becoming financially viable, including the investments required, possible state aid, and the electricity costs for households. 


Beyond profit: How to reshape the European Green Deal for people’s well-being

Report | 12 March, 2024 | Download PDF

This searing report by the Citizens’ Observatory on Green Deal Financing analyses key EU funding mechanisms and exposes significant shortcomings in strategic priorities and implementation.