Setting precedent, EU bank to drop all fossil fuels funding beyond 2020
July 26, 2019
Prague, Brussels – The European Investment Bank, the house bank of the EU, is proposing to end financing for all fossil fuels beyond 2020, becoming the first multilateral financial institution to make such a commitment in line with the Paris Agreement.
Third time’s a charm? New attempts to sell off unprofitable Czech coal plant in Turkey
July 25, 2019
The Turkish state fund TMSF opened a new round of bidding for the troubled Adularya coal power plant only two weeks after a second unsuccessful attempt to sell the project. The move is unexpected because this third round preempts statements by the Czech Minister of Industry and Trade, which had said it planned a visit to Ankara to understand why the tender failed for the project that has been plagued by legal challenges.
Slovakia’s €3 billion fund to move from coal | Article | KHL
July 10, 2019
Government approves local community’s transition plan in line with EU’s 2050 carbon neutral goal Source: Slovakia’s €3 billion fund to move from coal | Article | KHL
bne IntelliNews – TANAP pipeline comes online, a major piece in Europe’s energy puzzle
July 3, 2019
Completion of the TANAP pipeline brings completion of the Southern Gas Corridor that will diversify Europe’s gas supplies away from Russia closer to reality — at a time when Russia is building its own new pipeline infrastructure. Source: bne IntelliNew
New opportunities for eastern Europe if the EU’s bank ramps up climate ambition and quits fossil fuels
June 13, 2019
Ahead of the European Investment Bank’s annual governors’ meeting, several EU’s finance ministers put forward a joint non-paper “Climate for the future of Europe” with an idea to transform the EIB: make green financing its top priority and promote investments in energy and climate transition. The right initiative risks failing if not supported by the majority of the bank’s shareholders, in particular by the eastern states that wrongfully fear that EIB’s increasing ambition in climate finance will unfavorably impact the bank’s presence in their countries.
EU leaders keep saying climate is a priority. Here’s something they can do
June 6, 2019
The European Investment Bank is the world’s largest multilateral lender and it keeps funding fossil fuels. Next week EU finance ministers can change that Source: EU leaders keep saying climate is a priority. Here’s something they can do
Croatian NGOs file court case to prevent resurrection of Plomin 1 coal plant
April 9, 2019
Zelena akcija/Friends of the Earth Croatia and Green Istria have filed a court case challenging the decision to extend the Plomin 1 coal power plant’s environmental permit, it was announced today.
EU-China summit an opportunity to tackle Chinese support for coal in southeast Europe
April 8, 2019
Brussels – With the EU-China summit kicking off in Brussels on April 9, Bankwatch launches a new analysis [1] showing 3.5 GW of new coal may be built in southeast Europe with Chinese support, including in EU member states Romania and Greece.
Chinese-financed coal projects in Southeast Europe
April 8, 2019
EU member states Romania and Greece, as well as several EU enlargement countries in the Western Balkans, plan to build new lignite power plants. The Balkan coal plans starkly conflict with the Paris Agreement’s aim of limiting climate change to 1.5°C b
Company Suspected of Ties with Cosa Nostra Wants to Build Turkstream 2 in Bulgaria
April 3, 2019
A consortium led by a construction company associated with the legendary Italian Mafia Cosa Nostra has submitted a bid for the Bulgarian section of the TurkStream 2 gas pipeline, Bivol has learned. This is Bonatti Group S.p.a., which participated in th
