February 21, 2024
The European Commission’s mid-term evaluation of the Recovery and Resilience Facility, published today, delivers an overly positive assessment. According to CEE Bankwatch Network, the EU’s landmark fund, which was expected to bring about a ‘green recovery’, still faces numerous implementation challenges.
December 7, 2022
This briefing offers an analysis of Latvia’s draft operational programme for 2021-2027 and recommendations regarding the potential for increasing the programme’s climate and environmental contributions. This publication was updated on 15 December 2022
March 2, 2022
This briefing offers an analysis of the Estonian operational programme and recommendations regarding the potential for increasing the programme’s climate contribution.
February 3, 2022
Brussels – Genuine efforts by Member States to direct spending from the EUR 672 billion Recovery and Resilience Facility towards climate action are being undermined by investments that are likely to harm the environment and climate, finds a new report by CAN Europe and CEE Bankwatch Network.
January 21, 2022
Billions of euros earmarked for a green transformation and renewables may instead finance fossil gas and waste incineration. Fears are coming true that without transparent public oversight, the Modernisation Fund would become a pipeline for projects harmful to the climate and environment. The Polish example shows that investments banned from the Cohesion and recovery funds are moved to the Modernisation Fund.
Uneven progress towards green recovery as EU members submit spending plans to access EUR 672 billion fund
April 28, 2021
Brussels – EU Member States that opened up their spending plans for the EUR 672 billion Recovery and Resilience Facility have made the most progress towards the aims of the European Green Deal, finds a new assessment of eight countries in central and eastern Europe.
October 15, 2020
Brussels – An in-depth assessment published yesterday  by the European Commission of the 27 EU states’ National Energy and Climate Plans (NECPs) highlights the growing gap between what eastern members’ plan and the ambitious targets set in the European Green Deal.
May 27, 2020
Brussels – The European Commission’s pandemic recovery package is a welcomed boost for cohesion and the energy transformation in countries that need it most, but progress will only come with clear guidance for how this money is spent.
Moment of truth for EU as over one million people and 100 NGOs call for green, healthy and just recovery
May 14, 2020
Over one million people and 100 environmental NGOs across Europe are calling on the European Union to restart its economy by launching the biggest green investment plan the world has ever seen, financed by the bloc’s increased budget and recovery instrument. Tomorrow [Friday], MEPs will decide what they want in the EU’s Recovery Fund and seven-year budget ahead of the European Commission’s much awaited proposal next week.
April 24, 2020
As the European Commission moves to legislate on criteria regulating what can be defined as sustainable investments, Bankwatch warns that activities such as waste incineration, gas combustion and nuclear energy must not be allowed to sneak in at the last minute.