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Shackled to coal: EBRD set to buck positive global investment trends

Bankwatch Mail | 11 November, 2013 | Download PDF

The European Bank for Reconstruction and Development, the last of three multilateral international financial institutions (IFIs) to undertake a revision of its energy lending this year, is scheduled to adopt a new energy policy on December 10. The EBRD’s policy review process follows similar reviews at both the European Investment Bank and the World Bank that have seen both institutions introduce conditions intended to restrict their respective lending to coal projects.

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New report – How Turkey’s coal boom threatens local economies on the Black Sea

Bankwatch Mail | 11 November, 2013 | Download PDF

With coal power expansion booming in Turkey, a new Bankwatch report based on a recent field trip finds that the environmental impacts of coal power plants are inadequately assessed, while Turkey’s viable, clean alternatives to coal are neither being analysed or discussed seriously by senior policy- and decision-makers.

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Your lungs and voices are cordially invited …

Bankwatch Mail | 11 November, 2013 | Download PDF

Climate change is still, for a lot of people, an abstract, complex issue. It remains difficult to mobilise people against the coal industry as they are not always able to make the connection between fossil fuels, climate change and health problems such as asthma. The Cough4Coal campaign, to be formally launched during COP 19 in Warsaw, aims to invigorate and inform the debate on how we should plan for future sustainable and healthy energy provision.

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What your doctor can tell you about the climate – and what COP delegates need to hear

Bankwatch Mail | 11 November, 2013 | Download PDF

If a doctor could prescribe a healthy planet, drastic cuts in greenhouse gas emissions would be on the top of the list. In fact, such a prescription was developed by leading health advocacy organisations and handed over to delegates at the UNFCCC’s COP 15 in Copenhagen. The surprising thing about this prescription is that instead of costing money it actually results in considerable savings.

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Enel drops coal power plant project in Romania

Bankwatch Mail | 11 November, 2013 | Download PDF

After a five year planning and permitting process, and citing economic reasons, Italian energy giant Enel announced last month that it will not now be moving forward with a coal-fired power plant project in Romania. The company had been working on the project – a proposed 800 MW facility to have been sited in Galati, at an estimated cost of EUR 1 billion – since before the outbreak of the economic crisis, since when progress has been slow.

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