Šefčovič’s underwhelming outlook for the Energy Union’s role in the energy transition
December 1, 2015
On 20 November 2015, following the presentation of the first State of the Energy Union, Vice-President Šefčovič hosted a Twitter Chat. Also several Bankwatchers joined the discussion. Here are some points we found noteworthy.
The EBRD: Fueling the future, or stuck in the past?
November 19, 2015
A closer look at the projects that the European Bank for Reconstruction and Development has financed in the energy sector in Middle East and North African countries reveals that, despite the bank’s rhetoric about promoting sustainable energy, its balance sheet has fossil fuels all over it.
EU gives neighbours three times more funding for fossil fuels than renewables
November 19, 2015
Financing from the EU’s development funds to its neighbours far higher for fossil fuels than for renewables, report finds
‘EU geeft buurtlanden 3 keer meer financiering voor fossiel dan voor hernieuwbaar’
November 19, 2015
UTRECHT – De Europese Unie geeft buurlanden 3 keer meer subsidie voor energieprojecten met fossiele brandstoffen dan voor groene-energieprojecten. Dit stelt CCE Bankwatch Network, een Oost-Europese ngo die investeringen in groen en fossiel in de gaten houdt. De organisatie keek naar investeringsovereenkomsten tussen Europese instituten en de energiesector van 16 aangrenzende landen van de EU. In totaal financierde de Europese Unie 9 miljard euro aan energieprojecten bij buurlanden in het oosten en het zuiden tussen 2007 en 2014. Retoriek
Azeri regime stifles criticism ahead of European Games. European lender must finally take measures.
June 10, 2015
UPDATE 1 12h CET 12 June 2015 Platform have taken to the streets of London to protest the opening of the European Games. See a video of the action below, and read more in their book published Friday, All that glitters, which explores how the European Games belong to the Aliyev regime and the British oil company BP and how sport is being co-opted in the service of a dynasty and fossil fuels. ––––
Illegal coal subsidies could cost south-east European countries dearly, warns new study
June 8, 2015
Prague – New investments in coal mines and power plants could cost the Western Balkans and Ukraine dearly if they fail to take into account binding rules on subsidies (State aid), according to a new briefing released today by CEE Bankwatch Network.
Risks for coal and electricity investments in the Western Balkans, Ukraine and Moldova due to state-aid rules
June 8, 2015
By signing the Energy Community Treaty in 2005, countries in the Western Balkans, Ukraine and Moldova agreed that the European Union’s competition rules are to be applied also within their territory. A number of energy sector investments are being planned that may not so far have taken adequate account of State aid rules. This briefing therefore provides a summary to draw attention to relevant requirements of EU law and highlight the risks of failure to take them into account when planning investments. The account when planning investments.
South eastern European countries must take climate action or face hefty bills, says new report
March 10, 2015
Countries of the Energy Community risk wasting hundreds of millions of Euros on outdated energy infrastructure if they do not adopt policies to tackle climate change, finds a new report released today by CEE Bankwatch Network and partners in four countries across the region.
Climate change: time for the Energy Community to take action
March 10, 2015
This report, commissioned by CEE Bankwatch Network and carried out by think-tank Change Partnership finds that countries of the Energy Community risk wasting hundreds of millions of Euros on outdated energy infrastructure if they do not adopt policies to tackle climate change.
Dr. Jekyll and Mr. Hyde: An Energy Union torn between clean energy and fossil fuels
February 24, 2015
Brussels – The vision of Energy Union to be outlined by the European Commission tomorrow proposes making Europe a world leader in renewables and energy efficiency, but at the same time envisages significant investments undermining that goal, such as gas import infrastructure, nuclear and dirty unconventional fossil fuels.
