Why the EBRD’s financing for the Greece to North Macedonia gas interconnector cannot be considered Paris-aligned
June 23, 2025
This briefing shows that the ‘Regional Gasification Project’ cannot be considered to be aligned with the Paris Agreement, despite the EBRD’s claims.
The EBRD’s climate contradiction: Syrdarya fossil-gas plant locks Uzbekistan into Russian energy dependence
May 29, 2025
The USD 200 million investment in the 1,500-megawatt combined-cycle gas turbine power plant in the Syrdarya region of Uzbekistan exposes significant contradictions between the EBRD’s stated commitments and its actual financing decisions.
GET greener: Strengthening the EBRD’s Green Economy Transition approach
May 26, 2025
The EBRD’s review of its GET approach should help to build an increased consensus on what investments can be considered ‘green’. This issue paper presents the key points from our extensive comments submitted to the EBRD in early April 2025.
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.
