CEE

Europe is hemorrhaging cash in deeply unsustainable projects like motorways, airports and gas infrastructure.

The Czech daily Hospodarske Noviny (English: "Economic Newspaper") is reporting today that the Czech Export Bank (CEB) and export insurance agency EGAP may not be be able to finance the Pljevlja II lignite power plant in Montenegro due to new OECD rules entering force on 1 January 2017.

Almost one in four euros lent by the European Bank for Reconstruction and Development in 2015 went to authoriatrian countries. The bank has clearly decided to ignore its own mandate, or else it would have to considerably shrink its business.

How to overcome the stagnation in the Czech renewable energy sector? Ending the government’s crusade against renewable support schemes would be a good starting point, writes Karel Polanecky from Bankwatch’s member group Hnuti Duha, Friends of the Earth Czech Republic.

In a meeting today, the Espoo Convention's Implementation Committee will again discuss Ukraine's compliance with the Convention's rules. A look back at the last months does not suggest a positive outcome.

If fossil fuels' grip on the Czech Republic's energy sector remains, as current plans and policies confirm, the country's support for the Paris Agreement will be nothing but a sham, writes Karel Polanecky from Bankwatch's Czech member group Hnuti Duha.