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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
Komarnica hydropower plant, Montenegro
Planned by Montenegro’s state-owned electricity utility EPCG, the need for the Komarnica hydropower plant has never been proven.
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LATEST UPDATES
It’s time for the European Commission to act and protect the Kresna Gorge biodiversity sanctuary
After years of trying to use EU funds to build a motorway through a Natura 2000 zone, Bulgaria now has a chance to spend EU money to counter the increasing traffic in Kresna Gorge and protect its biodiversity.
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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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Ugljevik power plant, Bosnia and Herzegovina
Commissioned in 1985, the 300 MW coal power plant in Ugljevik, Bosnia and Herzegovina, has become famous for emitting more sulphur dioxide than all of Germany’s coal power plants in 2019.
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Red flags over plans to swap coal for biomass and waste incineration in Tuzla
The European Bank for Reconstruction and Development (EBRD) and Bosnia and Herzegovina’s energy utility Elektroprivreda BiH are signing today an agreement formalizing the Bank’s commitment to consider financial support for a particularly questionable energy project in Tuzla. But the public is barely aware of what this risky investment could bring to local communities.
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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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Pljevlja I power plant, Montenegro
The existing 225 MW Pljevlja thermal power plant in the north of Montenegro, near the borders with Serbia and Bosnia-Herzegovina, has been operating since 1982. The plant was originally planned to comprise two units but the second one was never built. The plant, along with the extensive use of coal and wood for heating, has caused unbearably bad air quality in the town.
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Will EU cohesion money support energy communities in central and eastern Europe?
Without proper funding and the removal of administrative and legal barriers, community energy will remain an unattainable goal.
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