EU

After effectively phasing out lending to lignite and coal-fired power plants in its energy policy in 2013, the EIB is now reviewing its climate policy. This joint NGO letter expresses the expectations towards the EIB to align its lending further with climate science and the EU Roadmap 2050 by proposing a genuine strategy for the bank to phase out funding for projects that are detrimental to the climate and to mainstream climate considerations into each and every sector of operations the Bank is engaged in.

This briefing outlines the environmental legislation related to investments that have been designated as Projects of Common Interest (PCIs). Through this briefing we explain for a range of stakeholders – namely civil society organizations (CSOs), local municipalities and national authorities – what are the PCIs and why these audiences should ensure that these projects do not cause undue environmental damage.

While it may seem to be an environmental project at a quick glance, there are a number of facts that question the justification of the Turceni unit 6 rehabilitation project. The Turceni unit 6 project isn’t just a rehabilitation of the power plant unit, it is part of a county-wide operation with ignored social and environmental impacts. The immediate question is whether this is it really a pollution reduction project.

As the EIB prepares the review of its 2010 transparency policy, the signatories of this letter convey key positions and concerns regarding the policy and how we believe it needs to be amended.

During last month's EBRD annual meeting in Warsaw, Bankwatch Mail convened a discussion about the state of the Polish economy between a financial journalist and a sociologist – both residents of the Polish capital – to hear their views on some of the pressing economic issues of the day, as well as the ongoing Polish 'transition' process. With the 25th anniversary of the end of communist rule in Poland a few months away now (today in fact marks a quarter of a century since the first Polish elections under communism), what have been the achievements and the lessons to be learned from the last two and half decades?