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The medium-sized EIB bazooka - Europe's people and environment must benefit this time around
May 11, 2012

As it begins to dawn on Europe's elite that fiscal austerity is not working after all, the European Investment Bank is once again the talk of the EU as decision-makers scramble to stimulate national economies that are hemhorraging jobs and living standards - and hope - across the continent.

EIB
Social & economic impacts
austerity, credit crunch, EIB, EU, euro crisis, eurozone
Europe's energy games are not child's play
April 23, 2012

A new campaign video illustrates Europe's self-absorbed approach to its energy policy outside Europe. (A blog entry Cross-posted from the Counter Balance blog.)

EIB
Energy & climate
Social & economic impacts
Other harmful projects
climate, coal, development, energy grab, energy security, EU, EU, EU neighbourhood, human rights, oil, resource, video
Poland's anti-climate gamble continued
April 18, 2012

Poland's application for free emission allowances is a disgrace to European climate goals. If granted, the country's fossil fuel centred plans would mean a step back for Europe's plans to decarbonise its energy sector.

EIB
Energy & climate
carbon market, climate goals, coal, derogation, ETS, EU, fossil fuels, Poland
Suspension or no suspension, the EBRD freezes disbursements for the Šoštanj lignite power plant
April 18, 2012

With the decision to freeze the disbursement of a loan for the Šoštanj lignite power plant in Slovenia, the European Bank for Reconstruction and Development seemingly reacts to the many controversial points Bankwatch and other organisations have raised about the project.

EBRD
EIB
Energy & climate
coal, corruption, EU, fossil fuels, Sostanj, success, TES6
Khimki Forest activist wins Goldman Environmental Prize
April 16, 2012

One of this year's winners of the Goldman Environmental Prize is Russian Khimki Forest defender Evgenia Chirikova, but the good news is being overshadowed by continued violence against other Khimki activists.

EBRD
EIB
Transport
Social & economic impacts
activism, CEE, corruption, forest, Goldman, human rights, PPP, prize, road, success, Vinci
Campaign asks UniCredit to 'get out of coal'
April 12, 2012

Pressure is growing not only on international financial institutions but also on private banks to stop financing fossil fuels.

EBRD
EIB
Energy & climate
accountability, banks, campaign, coal, fossil fuels, petition, Slovenia, UniCredit
Energy Security for whom? For what?
February 28, 2012

A new report by The Corner House critically examines the notion of “energy security,” one of the buzzwords in European politics used to justify controversial infrastructure projects like the Nabucco gas pipeline or high voltage transmission lines in Ukraine. Here an introduction to the report from its authors.

EBRD
EIB
Energy & climate
Social & economic impacts
Central Asia, energy grab, energy security, EU neighbourhood, extractive industries, Global South, human rights, local impacts
Tragedy or comedy, what is the Nabucco pipeline really?
January 19, 2012

The announcement of German energy giant RWE to reconsider its plans for the Nabucco pipeline is just the last in a series of confusingly conflicting signals regarding the fate of this gargantuan project.

EBRD
EIB
World Bank Group
Energy & climate
Social & economic impacts
Other harmful projects
Balkans, Caucasus, CEE, Central Asia, climate targets, democracy, energy security, fossil fuels, gas, human rights, infrastructure, pipeline
Deja vu for Vienna II – a sustainable recovery is needed for the CEE financial sector
January 16, 2012

As pressures mount on western European banks to shore up capital ratios and with 2012 economic growth forecasts for Europe falling close to zero, officials from the European Central Bank, the European Commission, and several international financial institutions (IFIs) are meeting today in Vienna with regulators from CEE countries to discuss a second round of financial support for a fragile CEE banking sector.

EBRD
EIB
Social & economic impacts
banks, CEE, credit crunch, crisis, economics, eurozone, global loans, SMEs
Video: An EIB holiday
January 3, 2012

Baffled by an EIB loan to a holiday resort in Morocco, our friends from Counter Balance - Challenging the European Investment Bank had a closer look at the kind of development promoted there and came back with this wonderfully illustrative video.

EIB
Social & economic impacts
corporations, development, EIB, Global South, local impacts, sustainability, video

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