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Advocacy letter | November 24, 2015

Following the revelations around Volkswagen cheating emission tests, Bankwatch requested information from the European Investment Bank about its loans to the car maker. After some delays, the bank released only part of the requested information, despite the profound public interest in the case.

Briefing | November 17, 2015

The North Giza Power Plant II, 1500 MW natural gas-fired power plant, is one of several large gas power plants that the Egyptian government is developing since 2011 in an effort to cope with the electricity gap. The power plant uses Combined Cycle Gas Turbine technology and the project promoters claim it is energy efficient, eco-friendly and community inclusive. Both the local community and the findings from a field trip strongly dispute these claims.

Briefing | November 17, 2015

This briefing (an executive summary of an upcoming report) looks at energy investments by the EU in the Southern Mediterranean region and the impacts on the social, economic and environmental rights of citizens and communities by highlighting the compliance of these activities with the values of democracy, human rights and economic development for Egypt, Morocco and Tunisia. It also assesses the type of the investments that would be beneficial both for host countries as well as for the EU.

Leaflet | November 17, 2015

A Bankwatch research into the EU's development funds for neighbouring regions finds that considerably more European taxpayer money is supporting fossil fuels than facilitating a sustainable energy transition.

This infographic belongs to a report presented in November 2015 to the European Parliament.

See the report's excutive summary >>

Briefing | November 17, 2015

Between 2007-2014, Ukraine received from EU public institutions over EUR 2.5 billion for 56 projects in the country’s energy sector. This is the highest amount of support for the energy sector among all countries of the European Neighbourhood Policy, both by volume and number of investments. Only 15 per cent of that support went to combating inefficient energy use or to developing local sustainable energy sources. The focus of EU financial support has remained on ‘traditional’ sources of energy.

Briefing | November 17, 2015

The European Bank For Reconstruction and Development states that it is “supporting energy efficiency and the development of a sustainable energy sector” and “financing private enterprises, with a focus on SMEs” among its four priorities for Tunisia. In this briefing, the Tunisian Observatory of the Economy (OTE) argues in its assessment of EBRD activities during the period 2012-2014 that it is difficult to find EBRD investments in line with their stated strategy of focusing on SMEs and a sustainable energy sector.

Briefing | November 17, 2015

Since the early 1990s, the EU has actively sought the development of both the oil and gas sectors in former Soviet republics. Energy security, the cornerstone of the EU’s foreign policy became the driving force behind the European Neighbourhood Policy. Investments through the EU’s Neighbourhood Policy Instrument and public banks have supported the development of unsustainable energy systems in most Eastern Partnership (EaP) countries. Like in other countries, the EaP region received more for fossil fuels than renewable sources of energy.

Briefing | November 17, 2015

Azerbaijan has been a part of the EU Neighbourhood Policy since 2004 and has enjoyed substantial support through investments in the energy sector. As a result of cooperation on energy projects, the EU is today Azerbaijan’s main trading partner, with bilateral trade amounting to more than EUR 16.7 billion in 2014. But while the European Commission's 2014 progress report on Azerbaijan stressed the good progress in the EU's partnership with Azerbaijan, problems for ordinary Azeris are increasing.

Briefing | November 17, 2015

Countries of the European Neighbourhood have received a boost to their energy sectors in the last decade, thanks in part to the prominent role played by the EU as a catalyst of both policy reforms and financing. This paper is the executive summary of an upcoming study that examines EU financing for the energy sector in 16 countries of the European Neighbourhood between 2007 and 2014.

Advocacy letter | November 12, 2015

In late September, shortly after news of VW's emissions manipulation broke, CEE Bankwatch Network contacted the European Investment Bank (EIB) with a detailed request to disclose information about its immense support to VW Group. In view of the profound public interest in the case, the highly insufficient responses we have received so far are particularly disconcerting. In this letter, Bankwatch therefore asks the EIB's board of directors to turn to the bank's Management Committee for the public disclosure of information related to EIB loans for the Volkswagen Group.

Advocacy letter | November 9, 2015

The dieselgate scandal is symptomatic of a ‘better regulation’ agenda in favour of cutting compliance costs and replacing the role of the public regulator with corporate co- and self-regulation. More than 35 civil society organisations have signed this letter calling for immediate and transparent investigations; EU oversight in the process of type approval for motor vehicles; strengthened enforcement of environmental legislation at EU and Member State level; the suspension of fraudulent companies from the EU lobby register until it has been demonstrated that they comply with EU law.

Policy comments | October 22, 2015

In spite of positive elements the EBRD's Draft Strategy for the Promotion of Gender Equality is unclear or appears to lack consistency in some parts. More importantly, the EBRD's failure to take a rights-based approach to gender equality has resulted in a limited vision of gender equality of economic opportunity “as a key tool” for promoting efficient market transition. By making the business case for gender equality this approach may ensure stronger ownership of the Strategy by the bank, but it is a missed opportunity for aligning the Strategy with the bank's unique Sustainable Development mandate. Without a persuasive presentation of the EBRD's strategic approach to safeguarding gender rights, the draft of the Strategy lacks justification for choosing to promote women while refusing to protect them.

Advocacy letter | October 9, 2015

The Tsumeb smelter in Namibia belongs to Dundee Precious Metals, a Canadian company that operates and develops gold, copper and silver mines in Bulgaria, Armenia and Serbia. Investigating complaints about local pollution, Bankwatch member group Za Zemiata (BG) repeatedly requested access to environmental information from the Namibian government - to no avail.

Read more about the Tsumeb smelter on our blog >>

Policy comments | September 30, 2015

These comments on the Environmental Impact Assessment (EIA) report for the Nenskra hydropower plant in Georgia concludes that the quality of the submitted report is extremely poor. The report as well as the public hearings organised during its preparation do not comply with Georgian legislation or with the requirements of International Financial Institutions.

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Study | September 29, 2015

This report explains the importance of the EU's Energy Efficiency Directive (EED) and argues why it must have the strongest objectives and targets as possible for SEE countries.