December 22, 2022
Six months after the proposal was put forward, a deal was struck by EU negotiators on the financial leg of the REPoweREU plan, the EU’s strategy to cope with the energy crisis and phase Russian fuels out of the market. National governments will be invited to quickly add new chapters to their recovery plans, which is potentially good news and a chance to further invest in the energy transition. However, Member States must avoid falling into the trap of fossil fuels, which are making a comeback in the palette of investments eligible for EU funds.
November 30, 2022
Romania’s Government plans to use funds allocated under the REPowerEU package to build nine hydropower projects in protected natural areas, Bankwatch Romania has warned the European Commission today.
The Hungarian energy emergency action plan: delaying the national fossil fuel phase-out, undermining EU energy solidarity
August 1, 2022
The quickly prepared Hungarian energy emergency action plan, which comes into effect today on 1 August, is supposed to increase national energy supply security through seven measures. But as our assessment and those of other experts show, even if the plan runs only temporarily and in the short term, the consequences will be felt by Hungarian citizens in the longer term.