Bankwatch publications on local economy in EU funding
The publication links lead to Bankwatch’s main website.
- Racing against the clock: Kenyan villagers under imminent threat of eviction by project under EU’s bank’s appraisal June 19, 2019
Today’s European Development Days forum in Brussels with its aspirational motto ‘building a world which leaves no one behind’ is an ironic backdrop to what is happening in the remote parts of Kenya, where a whole community is facing a threat of forced eviction by a project under appraisal of the EU’s own house bank. About a hundred people were demanded to abandon their homes by tomorrow – 20 June.
- A false solution to a real problem? June 14, 2019
New research by Bankwatch shows energy and climate plans (NECPs) in 7 CEE countries over-rely on unsustainable biomass to reach their renewable energy objectives.
- New opportunities for eastern Europe if the EU’s bank ramps up climate ambition and quits fossil fuels June 13, 2019
Ahead of the European Investment Bank’s annual governors’ meeting, several EU’s finance ministers put forward a joint non-paper “Climate for the future of Europe” with an idea to transform the EIB: make green financing its top priority and promote investments in energy and climate transition. The right initiative risks failing if not supported by the majority of the bank’s shareholders, in particular by the eastern states that wrongfully fear that EIB’s increasing ambition in climate finance will unfavorably impact the bank’s presence in their countries.
- Money for nothing: Ugljevik III coal concession must be cancelled, not bought off June 7, 2019
After years of speculation about the Ugljevik III coal power project in Bosnia-Herzegovina, this week’s news is that the government wants to buy off Comsar Energy’s concession. Yet if the company hasn’t fulfilled the conditions from the contract, why should it be rewarded?
- Taking the chill off Romania’s residential buildings June 4, 2019
Energy efficiency is taking centre stage in the Energy Union. Last summer, after long negotiations between the Parliament and the Council, a new energy efficiency target was set at 32.5 per cent by 2030. To meet the target, Romania is channelling public funds into renovating its residential sector which accounts for as much as 86 per cent of the country’s built environment.
- EU enlargement reports show increased concerns on Chinese financing and hydropower sustainability May 30, 2019
This year’s EU Enlargement Package reiterates a slew of unresolved problems from previous years in the Western Balkans, but gives increased prominence to China’s role in the region and the and the need to reign in uncontrolled hydropower development.
- Czechs are turning greener ahead of the EU elections – will it show at the polls? May 24, 2019
As the European Parliament elections begin, many commentators, especially in northern and western Europe, have hailed this year’s elections to be the first where climate change and policy will play a major role in voters’ decisions. Even in southern European countries, climate change has moved to the top of its political agenda. On the other, central and eastern European countries have allegedly missed this green wave sweeping through the EU.
- EBRD tightens standards in response to Balkan hydropower boom May 16, 2019
As a result of public resistance to small-scale hydropower projects in the Balkans, from the beginning of 2020, the EBRD will ask commercial banks to refer all high-risk projects – including all hydropower plants – for additional checks. The EBRD also requires them to meet higher environmental standards than previously. The bank will ask that such projects are disclosed to the public on the financial intermediary’s website, finally increasing disclosure on these hitherto hidden projects.
- Indigenous communities in Georgia threatened by a major hydropower project financed with European public money May 10, 2019
There are many reasons why the Nenskra hydropower plant in Georgia should not be built at all. The project is set to have devastating environmental and social impacts, and its economics are particularly shoddy.
- Five reasons why EBRD should pull out of the controversial Nenskra hydropower project May 8, 2019
As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement.