Economic justice policy officer
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The Modernisation Fund: An open door for fossil gas in Romania
March 26, 2024 | Read more
The Modernisation Fund is supposed to channel revenues from the EU’s carbon market into the energy transition in central and eastern Europe. But it’s actually being used to further deepen the region’s dependence on fossil gas.
The proposals outlined in this manifesto guide our vision for how EU public finances can become more transformative.
Environmental watchdogs CEE Bankwatch Network and Eko-svest have today asked the European Bank for Reconstruction and Development’s (EBRD) redress mechanism to investigate a planned loan for a major new fossil gas pipeline from Greece to North Macedonia.
For the just transition to be successful, it is crucial to involve as many stakeholders as possible in the planning and implementation of the process. The coal regions of Jiu Valley in Romania and Eastern Wielkopolska in Poland are inspiring examples of this collaborative approach. Thanks to strong partnerships between local public authorities and civil society, both regions are now on the right track for a sustainable future beyond coal.
These case studies from several European Member States demonstrate some of the many ways EU funds can and should be used to support nature restoration and conservation projects, which are instrumental to addressing the biodiversity crisis across sectors while also building a greener, fairer future.
