April 18, 2012
Poland’s application for free emission allowances is a disgrace to European climate goals. If granted, the country’s fossil fuel centred plans would mean a step back for Europe’s plans to decarbonise its energy sector.
April 18, 2012
With the decision to freeze the disbursement of a loan for the Šoštanj lignite power plant in Slovenia, the European Bank for Reconstruction and Development seemingly reacts to the many controversial points Bankwatch and other organisations have raised about the project.
April 12, 2012
Pressure is growing not only on international financial institutions but also on private banks to stop financing fossil fuels.
March 9, 2012
Poland’s veto against increasing Europe’s 2020 target for greenhouse gas emissions cuts to 25% is frustrating not only environmentalists in Poland and elsewhere.
March 8, 2012
Poland is on course to place further large roadblocks in the way of the European Commission’s Roadmap 2050 towards a low-carbon economy unless certain demands being insisted on by Warsaw are met. These include the granting of free allowances for all 16 power plants that Poland has asked to be supported under the EU’s Emissions Trading Scheme.
July 5, 2011
18 000 people from around the world have asked the Slovene government to adopt a future proof National Energy Plan that doesn’t rely on fossil fuels or nuclear energy. Bankwatch research coordinator Pippa Gallop took part in handing over the list of signatories yesterday and points out that European public banks also need to take the message seriously.
March 31, 2011
Slovenia has built a new 600 MW unit at the Šoštanj lignite power plant (TEŠ6) which has turned out to be a financial disaster, as well as locking the country into a carbon-intensive future with tens of millions of annual losses for the next four decades.
EBRD undermines Slovenian climate targets and governmental review with 200 million euros for dirty coal project
January 14, 2011
Ljubljana, Slovenia — Campaign groups today lambasted the European Bank for Reconstruction and Development’s (EBRD) signature of a 200 million euros loan for the Sostanj thermal power plant in Slovenia , calling it a blatant affront to Slovenia’s long-term climate targets. The signing also fails to await the outcome of a governmental review of the controversial project, expected in mid-February.