European neighbourhood

EU-backed fossil fuels binge needs to end in 'neighbourhood' countries

Bankwatch Mail | December 17, 2015

Bankwatch has been taking a look at EU financing for the energy sector in 16 European Neighbourhood countries between 2007 and 2014. Alarmingly, our research has uncovered that out of at least EUR 9 billion provided by the EU to energy projects in the ENP region during the period under assessment, more than EUR 4.2 billion in financing went to hydrocarbons in contrast to the EUR 1.5 billion awarded to low carbon sources of energy and energy efficiency projects.

Institution: EBRD, EIB

Theme: Energy & climate, Social & economic impacts, Development

EU gives neighbours three times more funding for fossil fuels than renewables

November 19, 2015

Source: Jocelyn Timperley, BusinessGreen

Financing from the EU's development funds to its neighbours far higher for fossil fuels than for renewables, report finds

Institution: EBRD, EIB

Theme: Energy & climate

Tags: ENP-energy, European neighbourhood, fossil fuels, renewables, EU neighbourhood

‘EU geeft buurtlanden 3 keer meer financiering voor fossiel dan voor hernieuwbaar’

November 19, 2015

Source: Groene Courant, Groene Courant

UTRECHT – De Europese Unie geeft buurlanden 3 keer meer subsidie voor energieprojecten met fossiele brandstoffen dan voor groene-energieprojecten.

Dit stelt CCE Bankwatch Network, een Oost-Europese ngo die investeringen in groen en fossiel in de gaten houdt.

De organisatie keek naar investeringsovereenkomsten tussen Europese instituten en de energiesector van 16 aangrenzende landen van de EU.

In totaal financierde de Europese Unie 9 miljard euro aan energieprojecten bij buurlanden in het oosten en het zuiden tussen 2007 en 2014.
Retoriek

Institution: EBRD, EIB

Theme: Energy & climate

Tags: ENP-energy, European neighbourhood, fossil fuels, renewables, EU neighbourhood

EBRD sticks to business as usual despite Ukraine facing war and severe shortages

With Ukraine’s ongoing fight for sovereignty and integrity emphasising once more the country’s energy vulnerability in front of Russia, the need to radically reform the Ukrainian energy sector became crucial for the survival of the country. And yet, moves in this direction are way too slow. Despite positive rhetoric on the need to prioritise energy efficiency, some European donors such as the European Bank for Reconstruction and Development continue with business as usual, spending huge resources on large infrastructure projects that do not address the country’s immediate need for improved energy security.

Tags: electricity energy efficiency energy security European neighbourhood infrastructure Russia transmission lines Ukraine CEE EU neighbourhood