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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
10 May 2013
Mounting violations at Cairo refinery project seeking EBRD finance

A USD 3.7 billion refinery expansion project inside urban Cairo attracting international public development finance, including potentially from the EBRD, is also attracting major controversy as a result of forced evictions, pollution and concerns about the involvement of fin…

10 May 2013
Ukraine’s nuclear expansion plans under fire from UN body, EBRD ‘safety loan’ called into question again

In a landmark ruling laid out in a March 25 letter to the Ukrainian Ministry of Environmental Protection, the Implementation Commission of the United Nations Espoo Convention has deemed that Ukraine’s plans to expand the lifetime of its old nuclear reactors is in breach of t…

10 May 2013
Health impacts of coal quantified – public lenders urged to act

The findings of a recent report entitled ‘The unpaid health bill: How coal power plants make us sick’, released by the Health and Environment Alliance (HEAL), detail the health impacts of existing coal in Europe and quantify the associated costs of mortality and chronic resp…

10 May 2013
More dirty coal on the radar as EBRD announces new strategy for Kosovo

The EBRD’s new country strategy for Kosovo, announced by the bank on May 3 after Bankwatch Mail Issue 56 went to press, has confirmed what NGOs and others had feared in the consultation process for the EBRD’s first strategy in its new country of operation: that financial sup…

10 May 2013
New EBRD Environmental and Social policy needs climate muscle and tightened safeguards for protected areas

If there is one sector in which the EBRD has been causing particular controversy in recent years, it is the energy sector. From lignite in Slovenia to hydropower in Georgia and nuclear in Ukraine, the bank has financed a series of projects that have incurred opposition from…

10 May 2013
Connie Hedegaard: Stop paying the polluters

“When the winds of change blow,” says an old Chinese proverb, “some build walls, and others build wind mills.”

10 May 2013
When in hole, stop digging: lessons from the Ombla hydro project in Croatia

At the time of writing, it is highly uncertain what the future holds for the controversial 68 MW Ombla underground hydropower plant. Approved for financing by the EBRD back in 2011, only recently has a nature impact assessment study finally been published, and no final opini…

10 May 2013
Armenia gold mining problems cast shadow over renewed EBRD financing

The attention of the environmental community in Armenia has recently been focused on events swirling around the Deno Gold Mining Company (DGMC). The company has been contending with rising tensions in Kapan as a result of its laying off of workers at its gold mining operatio…

10 May 2013
More questions than answers – the EBRD’s new country strategy for Russia

The new EBRD country strategy for Russia that will apply for 2013-2015 attracted input and comments from several human rights and environmental watchdogs, among them Human Rights Watch, WWF, Greenpeace and Bankwatch. As part of the consultation on the new strategy, NGOs expr…

10 May 2013
Dire straits – EBRD backing for oil transportation in the Kerch Strait appears belatedly on public radar

A European Bank for Reconstruction and Development loan to the SVL group, granted with no public oversight, threatens new oil-related catastrophes.

10 May 2013
One of the great enablers: how the EBRD threatens the environment and human rights in Kazakhstan and Turkmenistan

In its recent report, ‘The great enablers: how investments by international financial institutions threaten the fragile Caspian Sea ecosystem’, Crude Accountability describes how investments in the Caspian Sea region by international financial institutions, including the Eur…

10 May 2013
EBRD Public Information Policy review should look to EU and US transparency advances

This year’s flurry of reviews to EBRD sectoral, country and operational strategies has given civil society organisations plenty to think about and provide input on. However, in the case of at least one of the reviews, we already have a pretty good idea what we will say. Beca…

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