Romania and the Energy Union: little more than wishful thinking
January 14, 2016
When Maroš Šefčovič, the Commission’s Vice President for the Energy Union visited Bucharest in October 2015 to discuss Romania’s role in the overhaul of Europe’s energy sector, his speech seemed promising at first. It focused on renewables, energy efficiency and research and innovation – all issues that are rarely on the Romanian public agenda. But eventually, much like the Commission’s assessment for Romania (pdf) that was presented during the visit, the message and its level of ambition felt more like much ado about nothing.
9 reasons why the EU’s bank is no climate leader
December 17, 2015
In the run-up to, during and now, with a global deal reached, after the Paris climate summit, the world’s largest public lender, the European Investment Bank (EIB), is positioning itself as a climate pioneer. But is the bank really fit for this role? Can the EIB make a break from its history of financing fossil fuels and polluting forms of transportation after decades of cosy relations with the biggest culprits?
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.
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
CSOs deliver over 16 000 signatures for a cleaner energy future in Tirana
October 16, 2015
Tirana, Albania – A group of CSOs from South East Europe (SEE) delivered over 16 000 petition signatures to Miguel Arias Cañete, EU Commissioner for Energy and Climate Action and Co-Chair of the Ministerial Council of the Energy Community today before its meeting in Tirana, Albania.
New study assesses prospects for EU funded low-carbon energy solutions in Polish regions
November 25, 2014
The low-carbon energy ambitions of Polish regions for future EU funding are very diverse with only a few promising cases as an analysis of the Operational Programmes of Polish regions shows.
Visegrad countries pose fresh threat to 2030 targets
October 1, 2014
Brussels – The group of four Visegrad countries (Poland, Hungary, the Czech Republic and Slovakia) plus Romania and Bulgaria declared yesterday their readiness to block EU 2030 binding renewables and energy efficiency targets which are to be agreed upon at a European Council Oct. 23-24. Yet cracks are appearing in the group.
Romanian government is seeking financial support in China for time travel into a lignite past
September 3, 2014
The renewables capacity installed in Romania has grown tenfold in the last five years and constitutes 23 percent of Romania’s installed energy capacity. Still, the government is pushing for new lignite-fired power plants.
Whose Energy Community? Treaty improvements urgently needed
March 20, 2014
The EU-backed Energy Community Treaty, signed in 2005 and comprising the western Balkan countries, Ukraine and Moldova, has been widely hailed as encouraging regional co-operation. It also sets a legislative framework for the signatories (also known as the contracting parties) that should contribute, along with the EU accession process, to addressing the environmental and social impacts of the energy sector. Indeed, examples of the Energy Community’s added value are its adoption of renewable energy targets in October 2012, as well as a requirement for power plants to comply with EU emissions limits.