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Brussels – Genuine efforts by Member States to direct spending from the EUR 672 billion Recovery and Resilience Facility towards climate action are being undermined by investments that are likely to harm the environment and climate, finds a new report by CAN Europe and CEE Bankwatch Network.
The Recovery and Resilience Facility (RRF) is intended to finance reforms and investments in Member States to rebound from the pandemic and pursue a green transition.
The European Investment Bank (EIB) – the financial arm of the EU – has approved a set of new environmental and social standards that, despite some last-minute changes, leave the door open to human rights abuses and biodiversity destruction, warn civil society groups.
The EIB’s safeguard rules must match its global ambitions
February 1, 2022 | Read more
The EU’s house bank has great development aspirations, but its draft environmental and social policy has dangerous gaps that will come back to haunt it.
German development bank KfW has today confirmed that it is dropping plans to finance the controversial Janjići hydropower plant on the river Bosna in Bosnia and Herzegovina.
