A tale of neglect: Energy finance figures from the Western Balkans
June 25, 2013
The neglect by international financial institutions of the Western Balkans sustainable energy potential will cost the region’s public heavily for years to come. Figures collected in a new study illustrate how the different international lenders perform in the region.
Little impact of EU aid for Egypt – Ongoing abuses and Brussels scrutiny puts EBRD’s best laid plans in question
June 24, 2013
How is the European Bank for Reconstruction and Development able to justify a brand new host country agreement with Egypt, given the abuses still being endured in Egypt and the failure of one billion euros of EU money to improve the economic and human rights situation there?
The G8, tax havens and the need to clean up our own “bank yard”
June 18, 2013
While the G8 leaders claim they are at war with tax avoidance, their own bank, the European Bank for Reconstruction and Development is involved in deals linked to offshore financial centres.
Shale tale: Unconventional gas and the European Bank for Reconstruction and Development
June 12, 2013
During the last months, the European Bank for Reconstruction and Development has come out with positive statements about shale gas investments, most recently on Poland – a rather rash endorsement of a controversial technology.
Face the future: Members of European Parliament discuss energy lending of European public banks
June 3, 2013
A roundtable discussion on European public banks and energy lending brought together Members of the European Parliament and non-governmental organisations, while the public banks themselves chose to stay away.
Victory for civil society as EBRD cancels loan for controversial Croatian dam
May 28, 2013
Today we’re relieved in Zagreb as one energy project that could have had a destructive impact on Croatia’s future has lost its financing and thus its chances of going ahead are drastically reduced: I’m speaking about the infamous Ombla dam, a project for an underground hydropower plant that would have practically destroyed a protected area close to Dubrovnik.
[Campaign update] EBRD still not withdrawing from damaging Ombla hydropower project, NGOs call on bank to heed new evidence
May 13, 2013
Despite having a slew of good reasons not to support the damaging Ombla hydropower plan in Croatia, the European Bank for Reconstruction and Development still didn’t confirm during recent meetings that it would withdraw from the project.
The climate crisis and the role of Europe’s public banks
April 22, 2013
With each passing day, there is less chance that we will manage to keep the planet within the “safe” limit of two degrees Celsius global warming that would avoid disastrous climate change. The European Investment Bank and the European Bank for Reconstruction and Development can play a pivotal role in leveraging more private investment for sustainable energy. Both institutions are now reviewing their energy lending policies.
EBRD with disastrous start in Kosovo, European Parliament not amused
April 19, 2013
The European Parliament yesterday chastised the European Bank for Reconstruction and Development for its explicit interest in financing a new lignite-fired power plant in Kosovo. NGOs hope the bank will pay more attention to the Parliament than it did to civil society and energy experts so far.
[Campaign update] New bills for green energy in Serbia
April 16, 2013
By investing in Serbian lignite, the European Bank for Reconstruction and Development cements the rigid structure of the country’s electricity market. Investing in energy efficiency instead could help reduce energy bills and free up further renewables funding.
