Croatian coal plant must not be resurrected
February 13, 2019
The Plomin 1 coal plant, on Croatia’s Istrian coast, is already 50 years old. In 2017 it closed due to a fire. Yet the Croatian Ministry of Environmental Protection and Energy looks set to allow Plomin 1’s owner, HEP, to bring it back from the dead without even an environmental impact assessment.
The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project
February 7, 2019
Brussels – In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it with major financial support using EU public money.
Failure of the European Investment Bank to ensure proper climate impact assessment for TAP/TANAP
February 4, 2019
In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing
A New Year’s resolution for Novaci – clean air
January 15, 2019
Macedonia made headlines in December when the United Nations ranked its capital city, Skopje, as the most polluted capital city in Europe. If the ranking included non-capitals, it would not miss Novaci – a small village in the country’s south that also gasps for breath.
If the EBRD does not lead the energy transition, we will have to do it ourselves
December 18, 2018
In the middle of last week, negotiators in this year’s UN climate summit in Katowice, Poland, were scrambling to agree on guidelines for the Paris Agreement that would ensure global warming is capped at no more than 2 degrees. At the same time, the European Bank for Reconstruction and Development (EBRD), one of the world’s key development banks, adopted a new energy lending strategy that ends its support for coal but keeps the door wide open for gas. Ioana Ciuta of CEE Bankwatch Network takes a closer look.
NGOs urge EU bank to quit fossil fuels investments, as it touts its climate commitment at COP24
December 11, 2018
Brussels, Katowice, Prague – While confirming its plans to align with the Paris Agreement, the European Investment Bank (EIB) still continues to fund climate damaging fossil fuel projects, having disbursed more than EUR 11.8 billion in fossil fuels projects since 2013 – point out NGOs in a new briefing [1].
Coal supplied by Hungary’s BAZ county mines to blame for growing air pollution
December 11, 2018
As new mines mushroom in Borsod-Abaúj-Zemplén (BAZ) county, Hungary, air pollution picks up the pace, our independent air monitoring shows. Authorities need to help people move towards cleaner heating systems and put an end to coal mining in the region.
Failing Better or Climate Success?
December 10, 2018
All the shareholders of the EIB have ratified the Paris Agreement, and the bank itself has claimed during the One Planet Summit in New York that it will align all its activities with the Paris Agreement by 2020. As President Hoyer put it, ‘I am confide
Time for the EU’s bank to lead on the clean energy transition
December 7, 2018
As world finance paces up to adapt to the global fight against climate change, one main player is lagging behind: the European Investment Bank (EIB), the European Union’s bank.
Submission to the EBRD strategy for Turkmenistan
December 7, 2018
Developments in Turkmenistan do not demonstrate commitments of the authorities to apply the political principles of the Article 1 of the Agreement Establishing the Bank. Intergovernmental organisations and CSO sources describe situation in Turkmenistan
