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The Energy Sector Strategy 2024-2028 Must Mark the End of the EBRD’s Support to Fossil Fuels

Publication  |  October 23, 2023

As the European Bank for Reconstruction and Development (EBRD) is drafting its 2024-2028 Energy Sector Strategy, Bankwatch and 130 civil society groups from more than 40 countries released a joint statement urging the Bank to recommit to tackling the climate crisis.

The European Bank for Reconstruction and Development must do more to safeguard biodiversity in its new environmental policy

Blog entry  |  October 4, 2023

As the global biodiversity crisis grows ever more urgent, the European Bank for Reconstruction and Development’s (EBRD) environmental policy and practice is proving insufficient to prevent harm to nature, let alone allow its restoration. The Bank’s review of its environmental and social policy in the coming months must provide a proportionate response to the scale of the problem.

Thousands demand European development bank stops financing fossil fuels

Press release  |  September 27, 2023

Over 6200 emails have been sent to the European Bank for Reconstruction Development (EBRD) calling for its next energy policy to end financing for fossil fuels and step up investments in the energy transition.

Why we’re taking legal action on renewables permitting

Blog entry  |  September 22, 2023

It might seem counterintuitive for organisations that promote a sustainable energy transition to challenge EU initiatives to speed up renewable energy deployment. But due to undemocratic decisions that undermine environmental safeguards and public participation, that’s what we’ve been compelled to do.

The Georgian Road to Russia: when everything goes south 

Blog entry  |  August 3, 2023

The North-South Corridor, widely promoted by international financial institutions, aims to facilitate the transport of goods as the ‘only land access to the Russian Federation’, as well as to Iran, Armenia and Azerbaijan, running through Georgia. Yet the project impacts the cultural heritage of picturesque landscapes in Georgia without answering the major question raised Georgian taxpayers – why should they pay for a new road to Russia, a country that does not have diplomatic relations with Georgia, has occupied Georgian territories, and presents one of the major obstacles to Georgia’s European future? 

Adriatic Metals’ ruthless mining: How can the EBRD help improve its clients’ practices when it doesn’t follow its own standards?

Blog entry  |  July 27, 2023

The DFF Adriatic Metals project, located between the towns of Vareš and Kakanj in Bosnia and Herzegovina, is proclaimed by the investor to be setting new benchmarks for sustainable mining and committing to safety, community, and sustainability – claims not shared by people living in Kakanj.

Hungary urgently needs a complete overhaul of its energy planning

Blog entry  |  June 27, 2023

Hungary could escape the trap of fossil energy dependence with focused plans on energy transition and enhanced support for households.

The digital and green transitions’ impacts on the Global South

Event  |  May 4, 2023

The twin transition, green and digital, is being put forward within the European institutions as a central solution to combat the climate emergency. This technology-based transition – renewables, electric vehicles, green hydrogen, digitalisation – requires critical and strategic materials that are spread around the world.

Meeting with the EIB complaints mechanism and advocacy meetings with MEPs and the European Commission on the EIBs role in financing the European Green Deal

Event  |  May 3, 2023

On 3 May Counter Balance and several members and partners of their network participated in a meeting with a significant number of staff of the EIBs Complaints mechanism of the European Investment Bank at their office in Luxembourg.

Briefing for the EIB Board on the Budapest Airport expansion project

Publication  |  May 2, 2023

This briefing shows how this EIB-financed project continues to violate the fundamental rights of residents, which are enshrined by the Charter of Fundamental Rights of the European Union.

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