Keeping the flame alive with emission revenues: How the EU Modernisation Fund props up fossil gas and waste incineration
May 8, 2025
In operation since 2021, the Modernisation Fund was designed to channel EU emission trading revenues into investments in the energy transition in 13 lower-income Member States.
Where vested interests lie: An analysis of Kazakhstan’s coal, oil and gas industries
March 26, 2025
This study examines the practical steps Kazakhstan is taking to reduce the production of fossil fuels – specifically oil, gas and coal – in light of its commitment to achieving carbon neutrality by 2060.
The southern gas interconnection from Croatia to Bosnia and Herzegovina: A stranded asset in the making
March 17, 2025
In light of increased activity around the southern gas interconnection between Croatia and Bosnia and Herzegovina in recent months, this briefing aims to examine the evidence presented in favour of the pipeline so far. Starting with a brief overview of
Czechia wants to phase out coal. But is natural gas the solution?
March 10, 2025
According to calculations by CEE Bankwatch, the Czech plants near Vrato and Opatovice alone are getting a total of almost 350 million euros in subsidies from the EU Modernisation Fund.
Western Balkan governments are willing accomplices in Azerbaijan’s abuse of COP29. Will the EU act to defend climate integrity?
November 22, 2024
This year’s COP29 United Nations Climate Change Conference in Baku never looked like a serious attempt to tackle the global climate emergency. After all, its hosts plan to increase oil and gas production by a third over the next decade – hardly a sign of climate leadership.
Looking beyond the hype: Public funding of hydrogen in central and eastern Europe
October 31, 2024
This briefing analyses over-optimism about hydrogen’s role in the central and eastern European Member States – Hungary, Poland and Romania.
Cop29 host Azerbaijan set for major fossil gas expansion, report says
October 23, 2024
The new report, produced by Urgewald and CEE Bankwatch, found Azerbaijan was set to increase its gas production by a third in the next decade, with fossil fuel companies forecast to spend $41.4bn (£31.9bn) on the country’s gas fields.
Hooked on gas: CEE governments’ climate plans prescribe fossil gas addiction
July 16, 2024
During much of the past 13 months – the longest streak of record-breaking global temperatures – EU governments have been revising their climate strategies. Yet, instead of increasing ambition at a time of a climate emergency, as they have committed to do, policymakers in central and eastern Europe appear keen to sustain their countries’ addiction to fossil gas.
EU climate fund bankrolling dirty energy expansion
June 25, 2024
As global temperatures continue to soar and climate disasters hit the most vulnerable, the EU’s little-known Modernisation Fund is propping up unsustainable energy infrastructure.
Hooked on gas: Report on the status of national energy and climate plans in central and eastern Europe
June 20, 2024
This publication highlights the need for gas phase-out pathways and identifies shortcomings in the current draft NECPs of eight central and eastern European Member States.
