Publications on coal

This letter, co-signed by Serbian, regional and international NGOs and sent to the Board of Directors of the European Bank for Reconstruction and Development ask whether in the aftermath of the recent floods in the western Balkans, the EBRD's response will prop up Serbia's coal sector or whether it will ensure that its post-flood assistance is used for much needed residential energy efficiency improvements and sustainable renewable energy.

Energy is one of the biggest economic sectors in south-eastern Europe and is set to grow even further with the region moving closer to the EU. The region has high potential for energy efficiency and sustainable renewable energy investments. Yet, as this study illustrates with a number of examples, countries have shown little ability to absorb investments at a large scale without systemic corruption and patronage.

See also an interactive map with summaries for each case at http://bankwatch.org/SEE-energy-corruption

Local community and NGO pressure has been making things rather difficult of late for the largest planned new coal-fired power plant in Europe.

Last year saw international financial institutions such as the European Investment Bank, the European Bank for Reconstruction and Development and the World Bank falling like dominoes one after the other and announcing in rapid succession that they will halt – almost totally – financing for new coal power plants. These banks were also joined by other institutions such as the US Exim Bank and the Nordic Investment Bank, and governments including the US, UK, Netherlands and Scandinavian countries.