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INSTITUTIONS WE MONITOR



European Bank for Reconstruction and Development (EBRD)

Established to promote transition to market-oriented economies in the countries of central and eastern Europe and Central Asia, the EBRD’s lending often fails to benefit the people in these countries and regularly prioritises carbon-intensive and environmentally damaging development.


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OUR PROJECTS



Free-flowing rivers in Central Asia

Central Asian rivers are under threat from hundreds of new hydropower plants. We have created a map of the key rivers in the region that need urgent protection and are calling on the development banks to stop their destruction.


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LATEST UPDATES



Romania’s gas trap: Fossil fuel expansion threatens clean energy transition

The Romanian government is pursuing an increasingly contradictory energy strategy. On the one hand, it is preparing to heavily exploit Black Sea gas to increase consumption and drive industrial growth. On the other, it must meet ambitious targets for renewable energy, decarbonisation and energy consumption.


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Flags of EU coutries in front of the EIB headquarter building.

European Investment Bank (EIB)

With a lending portfolio of EUR 72 billion (2010) the European Investment Bank (EIB) is one of the world’s biggest public lending institution – bigger even than the World Bank.


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Emerald Network in the Western Balkans

Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia are required to establish a sufficient number of Emerald Network sites as signatories to the Bern Convention. However, since 2011, not a single new site has been proposed and many stunning rivers remain unprotected. The #EmeraldForRivers campaign aims to support governments in expanding the Emerald Network.


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Hungary’s energy transition at risk due to missed EU milestones

Hungary’s energy transition at risk due to missed EU milestones

Hungary is moving to scale back its national recovery and resilience plan, reflecting the government’s struggles to complete the reforms and investments required by the European Commission under the Recovery and Resilience Facility by the end of August 2026.


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A new budget for a new Europe

For the European Union and its Member States to become more sustainable societies, the EU’s financial resources have to be spent towards consuming less energy and using resources more efficiently.


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Turnu Măgurele – Nikopol Hydraulic Structures Assembly on the Danube river, Romania and Bulgaria

The project, if built, would not only devastate critical habitats, leading to the potential extinction of species such as the Danube sturgeons, but also displace local communities, disrupt existing investments, and violate several EU environmental directives.


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Kambarata hydropower project: greater scrutiny from international banks is needed 

Kyrgyzstan is promoting the massive 1,860 MW Kambarata-1 Hydropower Plant (HPP) as a solution to its ongoing energy crisis. The project, a joint effort with Uzbekistan and Kazakhstan on Naryn River, is actively seeking funding from international financial institutions like the World Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB).  


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