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Home > Publications

Publications

Report


Glass half full? Mid-term analysis of the Modernisation Fund’s operations


This publication updates Bankwatch’s 2025 assessment of the EU's Modernisation Fund and comes at a critical moment for EU climate and energy policy.

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Topics
23 November 2021
A letter to the EBRD on the Alexandria Refinery in Egypt and Mytilineos Gas Power Plant in Greece

This letter voices Bankwatch’s concerns about the Alexandria Refinery in Egypt and Mytilineos Gas Power Plant in Greece projects that are scheduled for Board Approval on the 24th of November 2021. We urge the Board of Directors not to support these projects as they are incom…

18 November 2021
EU funds should never harm nature, climate or the environment Statement of the Green 10 on the ‘do no significant harm’ principle

This statement, written together with the Green 10 and EuroNatur, outlines our main concerns about the application of the ‘do no significant harm’ principle to EU public funds. The EU intends to expand the application of this principle to a variety of EU funded programs. How…

8 November 2021
Summary of the study ‘Analysis of Sustainable Heating Options for the City of Tuzla, Federation of Bosnia and Herzegovina’

The air quality of the city of Tuzla, Bosnia and Herzegovina (BiH) is among the worst in the EU and Western Balkans. Because Tuzla’s coal-fired power and heat plant, Tuzla 4, must be closed by the end of 2023, and Tuzla 5 and 6 must close in the next decade, the city faces a…

1 November 2021
Unsolved problems of the North-South Corridor (Kvesheti-Kobi) Road Project

The North-South Corridor (Kvesheti-Kobi) Road Project is planned to be realized in Georgia. The 23-kilometre Kvesheti-Kobi Road Project is a new section of the North-South Corridor. The construction will impact the Khada Valley, also known as ‘the place of 60 towers’, which…

25 October 2021
Summary of the study: ‘Identification and analysis of potential sustainable heating solutions in Pljevlja, Montenegro’

In order to address high levels of air pollution in Pljevlja, Montenegro, the municipality’s heating supply must become more sustainable. Although Montenegro’s 2030 Energy Strategy proposes the development of district heating systems based on biomass, Pljevlja currently plan…

21 October 2021
Public money vs. pristine rivers

As the EIB revises its Environmental and Social Standards, this report presents eight hydropower schemes in central and eastern Europe either financed or under consideration by the Bank. The projects – some financed directly and others via intermediaries such as commercial b…

14 October 2021
Joint civil society statement: Making human rights a true priority of the EIB

This joint civil society statement prepared by 12 civil society organisations outlines our recommendations for integrating human rights into the EIB’s Environmental and Social Sustainability Framework, by proposing specific improvements to the Policy and Standards. NGOs and…

11 October 2021
Trouble in the air: EIB ignores environmental and social burdens caused by Budapest Airport expansion

The Budapest Ferenc Liszt International Airport is located 16 kilometres from the centre of Budapest. With a licence for a capacity of 6 million passengers per year and 15 million in the peak year of 2019, new plans to develop the airport aim to increase passenger turnover t…

7 October 2021
Briefing for the European Commission: the Polluter Pays Principle in the just transition process – diagnosis and recommendations

The Polluter Pays Principle (PPP) is one of the biggest concerns in the implementation of just transition support. This Principle should ensure that polluters bear the costs of their pollution and are incentivised to avoid environmental damage. However, in just transition pr…

21 September 2021
Why can a third of European Investment Bank lending evade the Bank’s environmental and social rules?

The European Investment Bank’s (EIB) financial intermediaries (FIs) help the EIB to reach smaller clients than it would otherwise be able to finance. The EIB’s global lending via intermediaries amounted to EUR 22.6 billion in 2020. In the EU, credit lines via intermediaries…

14 September 2021
Making human rights a true priority of the EIB: Joint CSOs statement

Bankwatch, together with civil society organisations worldwide, is closely following the ongoing review of the EIB’s Environmental and Social Sustainability Framework (ESSF). The draft Environmental and Social Policy and related standards proposed by the EIB hugely fail to t…

14 September 2021
Joint civil society letter to EIB’s President Werner Hoyer on Bank’s Environmental and Social Sustainability Framework (ESSF)

Bankwatch, together with civil society organisations worldwide, is closely following the ongoing review of the EIB’s Environmental and Social Sustainability Framework (ESSF). In this context, we sent several joint CSO submissions highlighting concrete recommendations for the…

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