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Tug of War: Fossil fuels versus green energy at the EBRD

Study | 17 May, 2012 | Download PDF

Our study shows that almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels. This will prevent the bank’s commendable efforts to increase lending to new renewables and energy efficiency from actually making a difference in the global fight against climate change.

Comments on EBRD Draft Country Strategy for Armenia

Policy comments | 16 May, 2012 | Download PDF

Cohesion Policy reform: Supporting and improving thematic concentration

Briefing | 16 May, 2012 | Download PDF

The Coalition for Sustainable EU Funds supports the principle of thematic concentration in the European Commission’s Cohesion Policy legislative package from October 2011. However, changes brought forward by some Member States risk hampering a critical mass of investments in areas that help deliver on EU agreed targets by 2020, especially the Europe 2020 Strategy targets.

Ombla hydropower project under fire in the European Parliament

Bankwatch Mail | 14 May, 2012 | Download PDF

The 68 MW Ombla underground hydropower project, for which the EBRD approved a EUR 123.2 loan in 22 November 2011, is once again under fire, this time in the European Parliament. Both the project itself and its approval process have attracted widespread criticism from civil society and biodiversity experts as the project location forms part of a future Natura 2000 site. In 2008 the Croatian State Institute for Nature Protection declared the project “unacceptable for nature”.

The medium-sized EIB bazooka – Europe’s people and environment must benefit this time around

Bankwatch Mail | 14 May, 2012 | Download PDF

As it begins to dawn on Europe’s elite that fiscal austerity is not working after all, the European Investment Bank is once again the talk of the EU as decision-makers scramble to stimulate national economies that are hemhorraging jobs and living standards – and hope – across the continent.