Bankwatch

Enrgy

Live discussion: The draft energy policy of the European Investment Bank

In a live google hangout we discussed the recently published draft of the EIB energy lending policy, provided our assessment, discussed the international context and spoke about the implications for the EBRD's upcoming energy policy. After the short presentations, we invited for a Q&A session.

The discussion was live-streamed here on Wednesday, 03 July 2013 at 15.00 CET. Questions were posted by participants before and during the broadcast.

NGO's protest letter: Proper impact assessments must be minimum condition for EBRD loan involving "fracking" in Tunisia

Advocacy letter | July 2, 2013

A USD 60 million loan to Serinus Energy for a project that involves hydraulic fracturing ("fracking") concessions in Tunisia is being currently considered by the EBRD. In this letter, Tunisian and European organisations urge the EBRD to reject the loan at the next Board meeting or to postpone the decision and undertake proper assessment of its impacts with in-depth consultations of the stakeholders.

Institution: EBRD

Theme: Energy & climate, Social & economic impacts

As Croatia accedes to the EU, questions remain over whether EU billions can succeed for Croats

Croatia's new Law on Strategic Investments does not bode well for the sustainable use of EU funds in Croatia now that the country has become an EU member state.

Tags: accession Cohesion Policy communities EU programming Balkans EU

Institution: EU Funds

Appeal: Stop the European Commission from supporting Ukraine in violating international law

Advocacy letter | July 1, 2013

This letter, signed by 38 organisations, urges the European Parliament and the Council of Europe and other European bodies to use their political and financial leverage to ensure that the European Commission does not go ahead with a loan for Ukraine's nuclear reactors until Ukraine resolves the issues regarding its non-compliance with the UN Espoo Convention (more background in this press release.

Theme: Energy & climate, Other harmful projects

Banks' Balkan Energy Investments Undermine EU Targets

June 27, 2013

Source: , Balkan Insight

Heavy investment in fossil fuels by international financial institutions in Western Balkan countries is hindering their compliance with EU climate targets, a report says.

Institution: EBRD, EIB

Tags: Balkans

Energy investments in the Balkans damaging EU prospects – report

June 27, 2013

Source: Cillan Donnelly, New Europe

Continued investment by international public finance institutions in traditional energy projects are hindering the chances of countries in the western Balkans to comply with EU accession requirements, according to a new report.

Institution: EBRD, EIB

Theme: Energy & climate

Tags: Balkans

New EIB policy against EU principles, say climate activists

June 26, 2013

Source: , New Europe

Environmentalists have reacted angrily to the European Investment Bank (EIB)’s draft energy lending policy, the result of a review process launched last year.

Institution: EIB

Theme: Energy & climate

Tags: EU

Green agriculture spending culled in Estonia - NGOs demand proper use of future EU money

While the EU's future common agricultural policy is taking shape in Brussels, it’s not just there that major agri-business interests are flexing their muscles to take the ‘green-ness’ out of EU agricultural spending.

Tags: agriculture CAP Cohesion Policy ERDF EU funds greenwash programming CEE EU

Institution: EU Funds

Theme: Social & economic impacts, Other harmful projects

Accession states at risk of CO2 lock-in: study

June 26, 2013

Source: , ENDS Europe

International financial institutions must phase down their support of fossil fuel-based projects in EU candidate countries to help the states adapt more easily to the bloc's policies, climate commissioner Connie Hedegaard has warned.

Institution: EBRD, EIB

Theme: Energy & climate

Tags: Balkans