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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A letter to Ukrainian president exposes the agreement between the Ukraine’s government and ArcelorMittal. In that agreement the company asks for reduced energy rates and delayed implementation of energy saving projects, while, on the contrary, the EBRD has lended money for modernization and improving the energy efficiency of the plant. Download ukrainian version in Microsoft Word format here.
The letter highlights the recently-signed memorandum of understanding between Kazakh government and ArcelorMittal Temirtau that grants the company a number of special conditions, like fixed pollution fees regardless of the actual volume of pollutant emissions, and a fixed corporate income tax regardless of the results of the company’s financial activities.
Bankwatch Mail 38
December 1, 2008 | Read more
In this issue: A fossil free EIB requires political will * South east Europe’s leaders to cling to carbon during COP 14 * Counting down to Copenhagen – counting on public money to do more for climate-friendly investments * No more excuses for IFI heel-dragging on renewables in emerging markets * EBRD carbon factor: Readers decide * Many cooks stirring Albania’s carbon soup * Looking beyond nuke bickering in the Baltics * EU-Ukraine energy cooperation needs a rethink * World Bank is accomplishing mission impossible in CEE, says the Bank * PPP’s perils and pitfalls make it no panacea – new Bankw
In recent years public-private partnerships (PPPs) have been heavily promoted in central and eastern Europe (CEE), often giving the impression that where infrastructure is concerned, PPPs are the only game in town. Yet behind the plethora of conferences, workshops and publications, few CEE countries have implemented more than two or three PPP projects, and even fewer truly successful projects.
This letter focuses on a loan proposal from the EIB for the car industry. The bank already funded companies that are producers of models with high fuel consumption while progress on improving fuel efficiency has ground to a halt. This projected loan is in no way relevant to the proposed European policy to set lower future levels of CO2 emissions. Also the loan itself is an extremely significant figure and equals 80 euros per EU citizen.
