EU

A case of outrageous bad fortune, or a portent of things to come? The one thing that can be stated with any certainty about the collapsed Castor project, the underground gas storage plant in Vinaròs, Spain that was selected in 2013 as the lead-out project for the EU's Project Bond Initiative (PBI), is that the Spanish government has put its citizens on the hook to cover a compensation package of EUR 1.35 billion to ESCAL UGS, the project promoter.

Here we go again. Having been called upon to ramp up its investments in 2009 and 2010 as part of Europe's initial financial crisis fire-fighting, and then in 2012 been a central cog in the EU's ambitious but ultimately lacklustre 'Growth Compact', the European Investment Bank now finds itself at the heart of new European Commission president Jean-Claude Juncker's three-year drive to boost investment in Europe, as unveiled on November 26.

Road construction in Poland can be a cause for great controversy, particularly when incomprehensible road designs clash with nature.

Bankwatch and Polish Green Network analysed the final drafts of the Regional Operational Programmes of Poland's voivodeships. The report "Green energy for all" shows how ambitious (or not) the Polish regions are to invest in a low-carbon economy, in particularly when it comes to renewable energy and energy efficiency in residential buildings. It also contains six recommendations for Polish regions to make the most of the low-carbon potential of Regional Funds.