The European Investment Bank's slide towards secrecy, manifest in its newly adopted transparency policy, has been lambasted by the intergroup of the European Parliament responsible for transparency and corruption.
A debate over coal mining limits in the Czech Republic shows that mining communities in EU countries are facing similar struggles as in other parts of the world. It also illustrates how “securing energy supply” has become a catch-all argument even when the energy demand in no way justifies it.
Planned new coal capacities will result in high additional costs for Energy Community countries. Transforming their energy sectors into efficient, sustainable renewables-based systems is not only possible but a cost-effective way forward.
Croatian electricity company HEP on Monday announced that it had signed an exclusivity agreement to conduct further negotiations with Japan's Marubeni - a company which has been implicated in several corruption scandals.
Private businesses are playing an increasing role in development finance, but their involvement is one of the most controversial issues in the discussion on sustainable development. The Polish government’s support for businesses still lacks clear reference to international standards and guiding principles for operating in the Global South.
The story of the defaulted company Mriya Agro Holding shows what risks investors and creditors are willing to take in the pursuit of profit in Ukraine’s agribusiness. Major creditors, including the International Finance Corporation and export credit agencies have been left with little hopes of recoveries. The European Bank for Reconstruction and Development has escaped the financial loss by a hair's-breadth.
The European Investment Bank recently confirmed plans to finance the Trans-Adriatic Pipeline from Greece via Albania to Italy. Yet a coalition of local mayors will do whatever it takes to stop the project.
In a street action being held today in Kiev as part of the Global Divestment Day, Ukrainians call on public and private investors to end financing for fossil fuels, in particular coal, and instead invest in renewable energy sources which represent the only independent source for the country.
Montenegro's government is pushing hard for the construction of a new unit at the Pljevlja lignite-fired power plant. NGOs are encouraging the major shareholder company to not give in to this pressure, writes Jelena Marojević Galić from Green Home.
Massive infrastructure for transporting natural gas is shaping up to be a centre piece of the Energy Union put forward by the Juncker Commission. This was also the impression Bankwatch campaigners had at an Energy Union conference in Riga last week.
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