EU

Neighbouring countries of the EU from the Western Balkans to Ukraine are planning unsustainable energy futures relying on coal and nuclear. The energy strategy of the European Energy Community indicates continued reliance on coal and nuclear energy which could happen with EU support and financing.

This issue is devoted primarily to the countdown to EU Budget ‘D-day’, and the negotiations now reaching a troublesome climax on how approximately 1 trillion euros of EU money is to be spent across the continent in the 2014-20 budgetary period.

We also round up some recent developments at the EBRD and EIB. And if you think that US presidential candidate Mitt Romney has a monopoly on private equity and tax havens, think again.

It has been a busy time of late for the planned EUR 800 million, 500 MW Plomin C coal power plant. The Croatian government is pressing ahead with the project under the assumption that it will – along with the equally controversial EBRD-financed Ombla hydropower plant – save Croatia's ailing economy. Yet it is far from certain who will actually participate in the project, let alone finance it.

Investments in transport infrastructure, particularly in the road sector, in the Czech Republic are stark reminders of wider failures in the country's decision making that have left public confidence in national officialdom at all time lows. Some of these investments have also lead to hefty penalties being imposed by the European Commission. With planning underway for future EU funding in the Czech transport sector, now is not the time for the Commission to take its eye off the ball.

This summer Latvia's minister for environment and regional development, along with some other like-minded politicians, appeared to kick-start a green revolution by proposing to set a 'green vision' for the small Baltic country's National Development Plan (NDP) for the 2014-2020 period.

Bankwatch, Friends of the Earth Europe and WWF have collaborated to produce a new map that illustrates some of the best practice Cohesion policy investments in infrastructure projects to be realised during the 2007-13 financial period.

The negotiations over the future EU budget for 2014-20 are well underway now, often being described under the epitaph 'EU budget battle'.

We tolerate no blood-letting on the pages of Bankwatch Mail. So Keti Medarova-Bergstrom, Senior Policy Analyst at the Institute for European Environmental Policy, and Pawel Swidlicki, Research Analyst at Open Europe, instead put their heads together to identify why and where EU budgetary spending has got it wrong in the past and propose how roughly one trillion euros can better serve Europe's environment, economy and people in the next funding period.

European decision-makers – lay down your budget weapons and listen!

In recent years Sofia municipality has been looking for a modern waste management solution, but all in the wrong direction. At the end of 2011, the Bulgarian capital submitted its latest application for funding to the European Commission. Regrettably, this featured a capital-intensive waste treatment facility and virtually no measures directed at higher levels of the so-called 'waste hierarchy' – namely prevention and reuse.