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Publications « Local economies

The publication links lead to Bankwatch’s main website.

  • Estonia, the wild east of small nuclear reactors February 10, 2020
    Over the past year a new player has aggressively joined the Estonian energy debate: Fermi Energy, a private company promising fourth generation small modular nuclear reactors (SMRs). The problem is that instead of solving the country’s energy and climate woes, the not-so-futuristic SMRs are creating new challenges. 
  • Red alert: how alarming levels of air pollution in the Western Balkans require urgent government action February 5, 2020
    Western Balkan countries are stuck in a loop of long, gloomy winters with extremely high air pollution. The number of times the air quality has exceeded the limit values over the last decade remains so high, that the very point of having those limit values is lost. In order to prevent episodes of air pollution that often reach values that are more than ten times above this limit, and to provide at least some level of protection for human health, additional urgent measures are required by the governments to supplement the long term strategies.
  • Latvia adopts climate and energy plan and long term strategy January 31, 2020
    While both strategies nod towards climate change concerns and the reduction of greenhouse gas (GHG) emissions, the NECP primarily aims towards a more advanced economy rather than a genuinely favourable state of the environment.
  • Just can’t get enough judgements: Croatian export bank still firmly riding the waves of opacity January 30, 2020
    The Croatian Bank for Reconstruction and Development (HBOR) has recently started another court case against the decision of Croatia’s Information Commissioner before the High Administrative Court. In the contested decision, the Commissioner ordered HBOR to disclose information about its export credit projects to the environmental organization Green Istria. This court case adds to no fewer than 31 appeals that HBOR started against similar decisions by the Commissioner between 2015-2019. It lost all of them.
  • Serbia finally moves to halt unfair advantage for small hydropower plants January 22, 2020
    Serbia’s Ministry of Mining and Energy last week finally announced that its Regulation governing incentive measures for renewable energy and cogeneration is no longer in force.
  • Energy Community Treaty violations dig Western Balkan countries deeper into coal hole January 20, 2020
    “If you find yourself in a hole, stop digging” is an adage that decision-makers in the Western Balkans would do well to heed. This particularly applies to plans to bring online new coal power plants and the legal, economic and credibility risks these entail.
  • Funding the right incentives for the just transition January 14, 2020
    The Commission’s proposal for a Just Transition Fund is encouraging as fossil fuels have been excluded. Special attention should be given though to key elements such as its mode of governance, geographical scope, and the types of activities eligible for funding.
  • In Kenya, EU bank preventing forced evictions would be a Christmas miracle December 20, 2019
    The European Investment Bank and German development bank KfW are among the lenders supporting a 41 kilometre extension of the road from Mombasa towards Nairobi, one of the most important in Kenya. Over the last four years, the resettlement of those along the transport corridor has created severe problems for residents of Mombasa’s suburbs.
  • A breath of fresh air: How Latvia can increase wind power capacity tenfold by 2030  December 16, 2019
    When it comes to wind energy, Latvia lags far behind its neighbours.
  • Ashes to ashes, state aid to dust December 11, 2019
    In a world that is plagued by over-urbanisation, it is not common for people to move away from cities. One local in Șimnicu de Sus decided to leave the city in search for some peace and quiet – and got punished for it. The improperly managed ash disposal site from the nearby power plant is contaminating his house and the air he breathes with various pollutants. Now, there are even plans for expanding the site by using public money – the locals’ money.