October 15, 2018
In its new draft strategy for the energy sector, meant to guide the bank’s lending between 2019-2023, the EBRD gives too much prominence to gas as a so-called “bridging fuel” on the way to decarbonisation – much more prominence than is given to energy savings and even to sustainable renewables.
The EU’s house bank obstructs climate action with continued fossil fuels spending and lacking investment in sustainable energy – new report
September 6, 2018
Prague – A new Bankwatch analysis released today shows that in the years 2013-2017, the European Investment Bank (EIB) has invested EUR 18.4 billion in renewable energy projects in Europe and beyond, but at the same time handed out EUR 11.8 billion in EU public money to fossil fuels projects. The new report details a set of measures – including an unequivocal commitment to end support for fossil fuels – that can be introduced in the course of the upcoming review of the EIB’s energy strategy to ensure the world’s largest public lender facilitates the global effort to tackle the climate crisis, rather than hamper it.
July 25, 2018
Estonia is the second largest emitter of CO2 per capita in the European Union and by far the most carbon-intensive economy among the OECD countries. The reason for that is oil shale, sedimentary rock that has been mined in Estonia for electricity generation since the fifties and, since recently, have also been used for liquid diesel fuel production.
Momentum building in Latvia for transition to a low carbon economy and independence from Russia’s gas
July 24, 2018
On 12 July, Bankwatch member group in Latvia Green Liberty brought together a group of energy experts with Krisjanis Karins, a member of the European Parliament (MEP), to foster the energy transition towards low carbon development and a sustainable energy sector for the country.
March 22, 2017
Renewable energy advocates are hailing the beginning of a new era for wind and solar power, which are finally becoming competitive at market prices with the advent of the latest generation of technologies. Source: bne IntelliNews – EU’s eastern half sl …
August 4, 2016
Die Regierung in Kiew will endlich unabhäng von russischem Gas werden. Ein Solarpark in der Zone um Tschernobyl soll helfen. KIEW taz | Mehr Sonne: Die Regierung der Ukraine hat ehrgeizige Pläne zur Förderung erneuerbarer Energien. Kürzlich stellte sie ein neues Projekt vor: Eine 6.000 Hektar große Solarfarm in der 30-Kilometer-Zone um die Reaktoren von Tschernobyl.
November 6, 2012
The European Bank for Reconstruction and Development boasts of having invested 10 billion euros in sustainable energy since 2006. A closer look reveals that although the bank’s efforts deserve recognition, several investments make a mockery of ‘sustainability’.
October 22, 2012
A closer look at Ukraine’s energy strategy reveals fundamental flaws in the government’s plans to continue using old nuclear reactors and its rhetoric of nuclear being the only possible alternative.