Economic justice policy officer
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Today the European Parliament approved the regulation establishing the European Fund for Strategic Investments (EFSI) at the heart of President Juncker’s EUR 315 billion investment plan. But critics say that the regulation lacks clear provisions for oversight of the fund and guidance for investments in green, sustainable and resource-efficient projects that are part of the fund’s mandate.
Following an on-site visit in the Upper Svaneti region in Georgia, these comments find substantial weaknesses in the Environmental Impact Assessment (EIA) for the Nenskra hydropower plant, in particular with regards to the engagement and consultation of local communities. See also the comments on the final Nenskra EIA report.
