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Mission letter: How climate and environmental crises should be prioritised as part of the European Union’s long-term budget for 2028-2034

Publication  |  September 9, 2024

This is a fictional mission letter issued by the President of the European Commission to a fictional ‘Commissioner for a Transformative Budget’ intended to illustrate how the climate and environmental crises should be prioritised as part of the European Union’s long-term budget for 2028–2034.

Even with hard work, a just transition needs long-term support

Blog entry  |  August 8, 2024

The small town of Turceni in southwest Romania has long been a lignite stronghold. But its enormous coal power plant is gradually being closed. A team from Bankwatch recently visited and spoke to the deputy mayor about the town’s efforts to ensure a just transition.

Off Their Game – The Green 10’s Mid-Term Review of the European Commission’s Environmental Track Record 2010-2012

Publication  |  July 3, 2012

Halfway through its term in office, the European Commission is off target in creating sustainable long-term prosperity in Europe. The report assesses progress in nine EU policy fields with impacts on the environment and reviews the track record of 13 European Commissioners and Commission President José Manuel Barroso.

BiH is among the few European countries that still count on coal in its energy strategy

Bankwatch in the media  |  November 7, 2021

BiH is among the few European countries that still count on coal in its energy strategy, and the explanation for the new investment in …

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Page  |  January 1, 1970

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The EU’s bank turns its back on Europe’s long term climate goals

Blog entry  |  October 8, 2015

It appears that before approving the European Investment Bank’s new climate strategy, the bank’s Board of Directors has removed a reference to the European Union’s long-term decarbonisation objectives as a guidance for the EIB’s climate action.

EBRD Board of Directors must face responsibility for long-term partner EPS’ wrongdoings

Press release  |  July 25, 2011

Belgrade – Today, over 70 protesters from the Vreoci community is gathering in front of the Belgrade EBRD offices to protest abusive practices by state-owned Elektroprivreda Srbija (EPS), in London, the bank’s Board of Directors is congratulating itself for another profitable deal with the energy company. The EBRD cannot continue to brush off responsibility for corruption acts and human rights abuses committed by their long-term business partner.

Bankwatch and Counter Balance statement on the mid-term review of the Investment Plan for Europe

Press release  |  June 1, 2016

Brussels, Prague – European Commission Vice President Jyrki Katainen presented today the mid-term result of the Investment Plan for Europe. The European Fund for Strategic Investments (EFSI), the financial arm of this investment strategy, was established by the European Commission and the European Investment Bank (EIB) in 2015 with the aim of mobilising private investments to stimulate the European economy.

The Western Balkans: EBRD’s public money to finance coal plants that threaten EU’s long-term climate targets?

Publication  |  March 18, 2013

The Western Balkans countries are aspiring to become members of the European Union. At the same time, 6195 MW of new coal and lignite plants are planned to be built in the Western Balkans, which will still be operating by 2050 and threaten these countries’ ability to comply with EU long-term decarbonisation objectives. The European Bank for Reconstruction and Development is planning to support some of these power plants via its loans.

Juncker Investment Plan 2 and review of EU budget offer no progress towards Europe’s long-term climate goals

Press release  |  September 15, 2016

What should have been two significant contributions to Europe’s war chest in the fight against climate change will in fact leave the planet short-changed and open the door to even more polluting fossil fuel projects, argue campaigners at Bankwatch, Friends of the Earth Europe and Climate Action Network Europe.

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