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
Just Transition in four questions
December 3, 2018
At the COP24 in Katowice, Poland is inviting world leaders to endorse the Silesia Declaration on Solidarity and Just Transition. The document emphasizes the importance of decarbonizing economies to protect the climate in a socially responsible way, str
Results of air pollution independent monitoring call for immediate action in Balkan countries
November 26, 2018
Independent particulate matter monitoring implemented by CEE Bankwatch Network and partner organisations from the region between October 2016 and April 2017 in six different coal-heavy locations in the Balkans just scratched the surface of the impact t
EU’s ‘just transition fund’ gesture muddies budget waters
November 15, 2018
Europe’s fossil fuel-dependent regions could benefit from an additional €5 billion under the next EU budget, thanks to a proposal endorsed by the European Parliament. But it could complicate already complex talks with the Council, which is eager to cut
European development money ‘helps sustain fossil fuel firms’
October 9, 2018
Five of Europe’s biggest climate offenders continue to enjoy billions of euros in public funds, according to a Bankwatch report Source: European development money ‘helps sustain fossil fuel firms’
European public banks continue financing coal bonanza
October 1, 2018
The EIB and EBRD have been channelling billions of euros in public money to fossil fuels dependent companies, hampering the international community’s efforts to tackle climate change.
