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Green spending shoots in eastern EU at risk of being crushed

Bankwatch Mail | 8 August, 2014 | Download PDF

EU member states and the European Commission, after what has felt like a marathon two-year process, are now engaged in finalising agreements on the EU’s Structural and Cohesion Funds (ESIF) investment strategies and spending plans for the 2014 -2020 EU budget period. Where the 11 ‘new’ member states of central and eastern Europe (CEE) are concerned, their approach to economic and societal development via the EU funds is proving to be a double-edged sword: while their spending plans for climate action is set to increase ten-fold in comparison to the 2007-2013 period, and the ‘greenest Cohesion Policy legislation ever’ prevents them from committing major environmental crimes, a reasonable long-term investment strategy, and financing, to achieve the decarbonisation of these economies by 2050 is noticeably lacking.


Can the EIB lead the European economy out of crisis by championing EU climate policy?

Bankwatch Mail | 8 August, 2014 | Download PDF

The European Investment Bank, the biggest multilateral public bank in the world by lending volume and the self-styled ‘EU bank’, has recently announced that it will be reviewing its approach to climate change in the coming months. According to comments made by EIB vice-president Philippe de Fontaine Vive to civil society representatives, “The EIB wants to position itself between this October’s anticipated EU 2030 climate agreement and the Paris COP 21 meeting in December 2015”.


EU budget last lap – going for gold, and green

Bankwatch Mail | 8 August, 2014 | Download PDF

Mathieu Fichter, Team Leader on ‘Sustainable Growth’ in the European Commission’s Regional and Urban Policy directorate (DG Regio), and Markus Trilling, EU Funds coordinator for Bankwatch and Friends of the Earth Europe, discuss and reflect on the challenges and opportunities that are being thrown up as we enter the final negotiating stages in the programming process for the EU budget 2014-2020.


58 minutes of power for one billion Czech crowns – a good deal for some

Bankwatch Mail | 8 August, 2014 | Download PDF

Bankwatch’s Czech co-ordinator Ondřej Pašek takes time out from EU funds programming documentation digging to describe just one little alarming discovery.


EU funds continue to do their bit for the promotion of sustainable living in Hungary

Bankwatch Mail | 8 August, 2014 | Download PDF

Whether at the global level with the United Nations Framework of Programmes on Sustainable Consumption and Production, the European level with the Environment Action Programme to 2020, or at the national level, a great deal of effort is being made to promote, develop and expand sustainable lifestyles and production. Such efforts should be tailor-made for receiving financial support from the EU funds.


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