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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
Jiříkov’s path to a clean energy future
The profound transformation of Europe’s energy sector in response to climate change and the goal of reducing greenhouse gas emissions is having a particularly significant impact on regions that have long relied on fossil fuels, especially coal mining.
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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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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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Central Asia: environmental groups and scientists call on international financial institutions to preserve key freshwater bodies and stop supporting destructive hydropower projects
The future of Central Asia’s key rivers and lakes is at risk, warn international environmental groups Rivers without Boundaries, International Rivers, Friends of the Earth US, Urgewald and CEE Bankwatch Network in a formal request sent today to the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Asian Development Bank (ADB), Eurasian Development Bank (EDB), Islamic Development Bank (ISDB) and Asian Infrastructure Investment Bank (AIIB).
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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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EU budget gap holding back municipal waste reform and decarbonisation in central and eastern Europe
A new report by Bankwatch, Za Zemiata and Zelena Akcija, in collaboration with Zero Waste Europe, reveals that current EU budget allocations for circular economy and municipal waste management measures are insufficient to help central and eastern European countries catch up with the EU’s decarbonisation targets.
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