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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 April 2016
Complaint: Maladministration in the EIB’s appraisal and monitoring of the Nam Theun 2 dam in Laos

Eleven years after the European Investment Bank’s decision to support the construction of the

9 March 2016
Declaration of local community in Kaishi to cancel contract for Georgian Khudoni dam

In this declaration, the community of Khaishi, a village in the mountains in north west Georgia, called for a the cancellation of the contract for the construction of the 700MW Khudoni dam. Khaishi residents demand the recognition of customary land rights and the inclusion o…

7 March 2016
Putting energy efficiency first. Reframing the European Investment Bank’s action in times of transition and uncertainty

The study shows how the European Investment Bank (EIB) has valid reasons to start embracing the energy efficiency first principle and implement it in its lending decision: significant energy savings will be needed regardless of the climate mitigation route taken and to enabl…

29 February 2016
Legal analysis: application of chapter II of the Industrial Emissions Directive in the Energy Community

This brief analysis provides a basic overview of how Chapter II and related annexes (esp Annex I) of the EU Directive 2010/75/EU (Industrial Emissions Directive, hereinafter also IED) could be included as part of the legally binding framework of the Energy Community.

29 February 2016
Prospects for implementing air quality directives in the Energy Community

Among the acts that introduce instruments and regulations for environmental protection into the Energy Community Treaty instruments relating to air quality protection are clearly missing.

25 February 2016
Briefing on Nenskra hydropower plant for the European Investment Bank

The European Investment Bank (EIB) is in the early stage of assessing a loan for the 280 megawatt Nenskra hydropower plant, located on the Nenskra and Nakra rivers in the Caucasus mountain valleys inhabited by ethnic Svans. The poor quality assessment of the project, togethe…

16 February 2016
Complaint: non-compliance of the European Investment Bank’s Transparency Policy with EU and international law

This complaint, filed by Bankwatch, Client Earth and Counter Balance with the European Investment Bank’s complaint mechanism, addresses non-compliance of the European Investment Bank’s Transparency Policy with EU and international law on access to information.

12 February 2016
EFSI case study: Integrated clean energy project ‘third industrial revolution’ in Nord-Pas-de-Calais

The so-called European Fund for Strategic Investment (EFSI) should unlock additional investment of at least EUR 315 bn over a three year period (2015-2018). One of the projects benefiting from the loans is the intended “third industrial revolution” in Nord-Pas-de-Calais, Fra…

11 February 2016
Oyu Tolgoi Phase 2: Plans, Issues and Risks

This report summarises the mining activity proposed by Oyu Tolgoi in its Phase 2 development plan, describes the block caving underground mining technology planned for the large deep ore body to be mined in Phase 2, environmental impacts and reclamation potential of block ca…

2 February 2016
Nenskra hydropower plant, Georgia

For the last decade, the government of Georgia has promoted hydropower as a way of tackling energy security and turning the country into a regional energy player. The EBRD has been one of the key catalysts of this hydro boom. Yet the presence of the EBRD and other internatio…

1 February 2016
Problematic expansion of agribusiness giant MHP in Ukraine with EBRD support

Myronivsky Hliboproduct PJSC, also known as MHP, is a long-term client of the European Bank for Reconstruction and Development. Following loands in 2013 and 2010, the EBRD approved a USD 85 million loan on 28 October 2015 to support MHP’s agricultural working capital needs….

1 February 2016
Issues with Serbian electricity company EPS need to be addressed within new EBRD loan

As part of its new EUR 200 million loan to the Serbian electricity company EPS, the European Bank for Reconstruction and Development aims to assist with “identifying opportunities to improve environmental, safety, social, and labour governance and capacity, and on helping EP…

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