Chinese-financed coal projects in Europe
December 10, 2019
As coal phase-out is well underway in the European Union, and the international community is mobilizing to tackle the climate crisis, new coal plants are still planned and built in Southeast Europe, courtesy of Chinese financial support.
Dekarbonizácia slovenskej ekonomiky: Kto zaplatí za zelené Slovensko?
December 6, 2018
Slovensko čaká výrazné znižovanie emisií v priemysle a vykurovaní. Pomôcť mu môžu fondy v rámci Systému EÚ pre obchodovanie s emisiami. V hre je aj uhlíková daň, súkromný sektor je skôr proti. Source: Dekarbonizácia slovenskej ekonomiky: Kto zaplatí za
European public funding for fossil fuel-dependent companies
September 27, 2018
CEE Bankwatch Network follows closely the EBRD’s ‘sister institutions’ and actively advocates for improvement of their lending policies. As the European Investment Bank (EIB) is expected to review its 2013 ‘Screening and Assessment Criteria for Energy
Too good to be true? Assessing one year of the Investment Plan for Europe
September 28, 2016
Europe is hemorrhaging cash in deeply unsustainable projects like motorways, airports and gas infrastructure.
Western Balkan countries invest more than twice as much in coal as in wind power: new Bankwatch analysis
May 26, 2016
Western Balkan countries are planning investments in wind power, but these are being heavily outweighed by their investments in coal plants, according to a CEE Bankwatch Network analysis launched today. The region’s governments are actively planning 2800 MW of new coal plants but allowing only around 1166 MW of wind power plants to be built.
Western Balkans countries invest at least 2.4 times as much in coal as in wind power
May 26, 2016
All the Western Balkans countries have committed to increase their share of renewable energy by 2020 to reach between 25 and 40 percent of their energy mix, as part of their obligations under the Energy Community Treaty. Yet this is far from obvious when examining their investment plans for new power generation capacity. Governments are actively planning to build 2800 MW of new coal plants with construction cost of at least EUR 4.5 billion. In contrast, these countries are only planning to build around 1166 MW of wind power plants, at an estimated cost of EUR 1.89 billion.
The EU’s bank turns its back on Europe’s long term climate goals
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.
