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EIB response to Bankwatch study ‘Carbon rising: European Investment Bank energy lending 2007-2010’

Advocacy letter | 16 January, 2012 | Download PDF

The European Investment Bank responded to the study Carbon Rising: European Investment Bank energy lending 2007-2010 in which Bankwatch analysed the energy lending by the EIB since the institution launched its energy policy in 2007. Bankwatch’s rejoinder to the EIB’s letter can also be downloaded as pdf.


The Ukrainian nuclear power plant safety upgrade project and the EBRD’s contribution to extending outdated Soviet reactors

Briefing | 15 January, 2012 | Download PDF

The European Bank for Reconstruction and Development (EBRD) and Euroatom plan to support the nuclear power plant safety upgrade project in Ukraine. The EU presents the project as a timely initiative to improve nuclear safety in the region. A closer inspection however shows that it in fact can increase nuclear risks, in that the project includes a significant number of measures necessary to extend the lifetime of the reactors.


Future Cohesion Policy: Amendments for a sustainable EU Budget

Briefing | 10 January, 2012 | Download PDF

The Coalition for a sustainable EU Budget advocates that a number of amendments to the Commission legislative proposal concerning the next Cohesion Policy funds should be supported by the European Parliament and Council if the next EU regional funds are to play any significant role in the transition towards a low-carbon, sustainable European economy.


Complaint to EBRD’s Public Complaint Mechanism: Rivne-Kyiv High Voltage Line project

Official document | 10 January, 2012 | Download PDF

The loan agreement between Ukraine and the European Bank for Reconstruction and Development for the Rivne-Kyiv High Voltage Line project (connected to the controversial “Second Backbone Corridor”) included significant parts of the project that were not assessed in the obligatory environmental and social impact assessment (ESIA) prior to project approval.


Complaint regarding Sostanj TES6: CCS, public procurement, economic vialbility

Official document | 9 January, 2012 | Download PDF

The complaint, filed with the European Investment Bank by Environmental Law Service (CZ) and Focus Association for Sustainable Development (SI), outlines controversies in relation to the Sostanj lignite thermal power plant with regards to the following aspects: insubstantial allegation that the project is „carbon capture ready“ and that the assessment submitted by the operator fulfils the criteria set up by the relevant EU Directive, failure to comply with the relevant EU directive for public procurements, questionable economic viability of the project.