Ombudsman launches investigation against EIB
March 1, 2017
The EU’s watchdog is investigating the EIB for maladministration after three NGOs submitted a complaint this week. Source: Ombudsman launches investigation against EIB – EURACTIV.com
Support to fossil fuel projects from the European Fund for Strategic Investments (EFSI)
January 13, 2017
In September 2016 the European Commission published its proposal for the prolongation of the EFSI until 2020, to be achieved by amending the existing regulation. We welcome several improvements, but are concerned that they fall short of properly tackling the challenges and shortcomings identified, namely to provide additionality and catalyse the unambiguous move to reduce GHG reductions. On the basis of our in depth report Best Laid Plans, which analysed the 93 projects approved until July 2016 and further analysis of the EFSI entire portfolio till the end of 2016 under the Infrastructure and Innovation Window (IIW), we consider that the EFSI regulation needs considerable improvements in the energy area.
SOCAR refuses to construct fossil-fuel power station in Izmir
October 31, 2016
SOFAZ has refused to construct fossil-fuel power station in Aliaga, Izmir, Turkey, the Initiative Against Fossil Fuels released statement. Source: APA – SOCAR refuses to construct fossil-fuel power station in Izmir
Ekolodzy: możemy nie wykorzystać potencjału Planu Junckera
October 11, 2016
Polska w ramach planu Junckera powinna starać się o finansowanie projektów innowacyjnych i ekologicznych – przekonuje Polska Zielona Sieć i CEE Bankwatch. Dzisiaj resort rozwoju poinformował, że EBI zatwierdził już 9 polskich inwestycji o wartości 7,1
NGOs criticise the Juncker Plan’s green credentials
September 30, 2016
15% of Juncker Plan funding supports fossil fuel projects, according to a report by group of NGOs, which raises serious questions about the investment plan’s consistency with the EU’s climate objectives. EURACTIV France reports. Source: NGOs criticise
Too good to be true? Assessing one year of the Investment Plan for Europe
September 28, 2016
Europe is hemorrhaging cash in deeply unsustainable projects like motorways, airports and gas infrastructure.
Juncker investment plan: deep reforms necessary for sustainable future
September 28, 2016
Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today
Southern Gas Corridor under more pressure
September 20, 2016
Russia’s plan to revive the Turkish Stream pipeline and the Interconnector Turkey-Greece-Italy (ITGI) project could put future projects along the proposed Southern Gas Corridor under even more pressure. Gulmira Rzayeva, senior research fellow at Azerba
Juncker’s extended investment plan is ‘greenwash’, say campaigners
September 15, 2016
Environmental NGOs have claimed the European Commission’s investment plans will “open the door” to more fossil fuel projects […]
European institutions accused of undermining Paris Agreement by funding dirty energy projects
September 2, 2016
EU bodies including the European Investment Bank and the European Bank for Reconstruction and Development are backing fossil fuel projects that threaten progress on climate targets, NGOs claim Despite the promises made in Paris in December last year, key European institutions continue to fund dirty energy generation over alternative energy sources, according to a new report released yesterday […]
