July 7, 2014
The EBRD should stick to its newly approved Energy Strategy and reject any investments in the Serbian coal sector, argue a group of 7 international NGOs in a letter sent to the bank’s board of directors today. The groups were concerned with recent statements by the EBRD according to which the bank’s regional flood response in the Balkans could include “rehabilitation of (…) damaged power stations and transmission and distribution networks.”
July 7, 2014
This letter, co-signed by Serbian, regional and international NGOs and sent to the Board of Directors of the European Bank for Reconstruction and Development ask whether in the aftermath of the recent floods in the western Balkans, the EBRD’s response will prop up Serbia’s coal sector or whether it will ensure that its post-flood assistance is used for much needed residential energy efficiency improvements and sustainable renewable energy.
July 2, 2014
A new report by the Belgrade-based NGO CRTA shows that the Serbian government is supporting the Kostolac coal power plant and mines with loan guarantees and potentially VAT exemptions. Propping up the already dominant coal sector, however, will likely further increase Serbia’s vulnerability to extreme weather events. Increasing Serbia’s energy efficiency and renewables generation would be the wiser choice.