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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
6 May 2019
Policy on corporate loans based on PCM CRR on the EPS Restructuring project

The PCM has finalised the Compliance Review Report (CRR) of the EPS Restructuring project and has closed the case without further monitoring. We welcome the recommendation that clarification of the policy framework and strategic guidance are urgently required as the EBRD is…

16 April 2019
Retrained and forgotten

This research analyses the context of downsizing the  ining sector in the Jiu Valley, the concrete measures taken to mitigate the social impact in the areas hit by restructuring the mining sector and how successful these measures were.

8 April 2019
Chinese-financed coal projects in Southeast Europe

EU member states Romania and Greece, as well as several EU enlargement countries in the Western Balkans, plan to build new lignite power plants. The Balkan coal plans starkly conflict with the Paris Agreement’s aim of limiting climate change to 1.5°C but readily available Ch…

3 April 2019
Letter to EBRD president Suma Chakrabarti

CEE Bankwatch Network, Arab Watch Coalition and the International Accountability Project call to the EBRD President, Sir Suma Chakrabarti, to ensure a people-centered Access to Information Policy. Communities, individuals, and civil society have the right to know and meaning…

31 March 2019
Slovak aspects of the EIB Energy Lending Policy

One of the biggest challenges in Slovakia is to ensure systematic support for the development of decentralised, non-fossil and sustainable energy system. The European Investment Bank (EIB) already invested far too much into fossil gas (77 per cent of all energy projects) in…

28 March 2019
A review of EIB’s Energy Lending Criteria

The review of Energy Lending Criteria gives the bank the opportunity to align its energy financing with the Paris Agreement and catch up with the rapid developments in the clean energy sector, in order to provide the necessary financial boost for the deployment of renewable…

27 March 2019
Comments on the EBRD draft Accountability Policy

The draft Accountability Policy of the EBRD proposes a substantial and welcomed restructuring of the mechanism and improves on many of the issues of independence and predictability that hindered the PCM. However, the draft Policy does not yet rectify all of the shortcomings…

27 March 2019
Comments on the EBRD draft Access to Information policy

Fulfilling the right of access to information is the beginning and foundation of true development that respects the rights of all people. Access to information goes hand-in-hand with meaningful consultation and stakeholder engagement to ensure that projects and policies actu…

27 March 2019
Comments on the EBRD draft Environmental and Social Policy

We welcome the proposed improvements in the EBRD draft Environmental and Social Policy, including the stronger language on human rights, gender and vulnerable groups, as well as the reintroduction of the referral list for financial intermediary high risk sub-projects. We mak…

22 March 2019
Review of eight national energy and climate plans (NECPs) in central and eastern Europe

Web-version of the briefing Our analysis shows that most countries in central and eastern Europe are not committed to an ambitious energy transformation and instead stay as close as possible to business as usual scenarios. Moreover, the development of nuclear energy as a pri…

13 March 2019
CSO letter to the EBRD on the revision of the Good Governance policies related to Financial Intermediaries (FIs)

The undersigned CSOs welcome this opportunity to submit comments on the EBRD’s revision of its environmental and Social Policy, Access to Information Policy and Project Accountability Policy relating to financial intermediary lending. As it was documented and discussed with…

13 March 2019
Coal in the Romanian National Energy and Climate Plan (NECP)

Romania was among the countries which managed to submit its draft NECP before the deadline at the end of 2018. This came at a cost – a very limited period for consultations (only ten days), a fact which was signalled by most interested stakeholders. The document raised a ser…

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