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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

After recovery towards cohesion
For the first time, the EU climate ambition is backed by an unprecedented financial package. The recovery and cohesion policy funds are planned to be two major components to accelerate the energy transition and reach towards climate neutrality by 2050. Bankwatch makes sure these EU funds support transformative and sustainable investments that advance energy consumption reduction, sustainable renewables and smart grids, ideally owned by communities.
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LATEST UPDATES

Solar-powered district heating is the breath of fresh air Pljevlja residents deserve
Speeding up investments in a sustainable district heating system powered by solar energy would not only help cut greenhouse gas emissions and heating bills; it would actually save lives.
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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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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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How many elephants does it take to build a gas pipeline?
In October 2022, the EBRD published no fewer than eight environmental and social assessments on the Greece – North Macedonia fossil gas pipeline for public consultation. Thousands of pages analyse every nook and cranny along the planned route, but fail to notice the elephant in the room: the project’s massive greenhouse gas emissions.
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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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EU funds and biodiversity
Nature is in crisis. 81 per cent of habitats in the EU are in ‘poor condition’, and without swift action this will only become worse. We need systemic and wide-reaching action and investments to tackle biodiversity loss and help restore nature before it is too late. The EU has pledged 120 billion of the EU budget to be earmarked for biodiversity by 2026, offering enormous potential to restore and protect nature, providing this is properly invested. We are therefore campaigning to ensure these public funds work for – not against – nature.
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Romania U-turns on decarbonisation to expand a lignite mine in Gorj and wipe out 106 hectares of forest
The Romanian government is again acting contrary to its EU commitments.
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