Ukraine Reconstruction Campaigner
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Anna is Bankwatch’s Ukraine Reconstruction Campaigner, working on green reconstruction and environmental safeguards in Ukraine’s recovery. Her work focuses on alternative sources of energy for communities, energy resilience, and the alignment of Ukraine’s energy policy and public investment management system with EU standards. Originally from Kyiv, she holds an MSc in Environmental Sciences and Policy from Central European University and is based in Bratislava.
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Brussels – The vision of Energy Union to be outlined by the European Commission tomorrow proposes making Europe a world leader in renewables and energy efficiency, but at the same time envisages significant investments undermining that goal, such as gas import infrastructure, nuclear and dirty unconventional fossil fuels.
EBRD must not back Egyptian coal imports
February 24, 2015 | Read more
Cairo — Ahead of tomorrow’s Board vote on the EBRD loan to CEMEX Egypt, a number of civil society organisations [*], inlcuding Egyptian groups, urge the bank to reject this project not only because it involves support for dirty coal-based production but also because it actually means promoting the plans of a repressive government despite opposition from civil society.
Agro business shooting star in Ukraine turns into nightmare for investors
February 18, 2015 | Read more
The story of the defaulted company Mriya Agro Holding shows what risks investors and creditors are willing to take in the pursuit of profit in Ukraine’s agribusiness. Major creditors, including the International Finance Corporation and export credit agencies have been left with little hopes of recoveries. The European Bank for Reconstruction and Development has escaped the financial loss by a hair’s-breadth.
EU priority gas pipeline faces fierce opposition in Italy
February 17, 2015 | Read more
The European Investment Bank recently confirmed plans to finance the Trans-Adriatic Pipeline from Greece via Albania to Italy. Yet a coalition of local mayors will do whatever it takes to stop the project.
The European Commission President Juncker’s ‘Investment plan for growth and jobs’ is aiming at mobilising EUR 315 billion of additional investments by 2018. A proposed regulation setting up the framework of the EFSI is currently negotiated in the European Parliament and the Council and its adoption is envisaged for June 2015. This briefing, prepared by Bankwatch, Counter Balance, Friends of the Earth Europe and WWF Europe stresses that this regulation should give clarity on how the fund will contribute to the achievement of EU long-term objectives, its added-value for the EU and the expected benefits for European citizens: all projects benefiting from the fund should explicitly accelerate the transition of Europe’s economies, infrastructure investments should aim at the decarbonisation, decentralization and decrease of energy and transport systems, R&D focusing on the absolute decoupling of resource use and production.
