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Polish gas policy under fire

Source: Karafillis Giannoulis , New Europe

On 21 May, Bloomberg reported that the Polish gas policy followed by the government has led many North American companies to leave the country. However, the tax measures haven’t become law yet.

Review of the EBRD's Project Complaint Mechanism - comments on the existing policy

These comments on the existing Project Complaint Mechanism of the EBRD expands in a few places the pointers on the accountability mechanism that were prepared earlier.

Regional funding negotiations - Green groups warn against last minute reintroduction of fossil fuel subsidies

With the final negotiations aimed at sealing agreement on the EU budget for 2014-20 now underway, environment NGOs are warning that a last minute amendment aimed at permitting EU subsidies for fossil fuels that are devastating for the climate must be rejected by negotiators of the future EU Cohesion Policy’s regional development funds.

Divesting from coal is not ideology but climate science - a reminder for the EBRD

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The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch's EBRD campaign team to react.


EBRD Chief Warns to Expect More Investment in Coal

Source: James Burgess, Oilprice.com

Riccardo Puliti, the energy chief of the European Bank for Reconstruction and Development (EBRD), one of the most influential government –owned investment organisations in the energy industry, has stated that it may begin to invest more heavily in coal projects.

Puliti argues that when looking at where to invest in the energy market it is not always possible to maintain an ideological policy on carbon intensity, and that other important factors must also be considered.

Carbone, una delle più grandi banche europee rilancia gli investimenti

Source: Marco Mancini, Ecologiae

Il carbone ci ha portato in una situazione ambientale insostenibile. Ma siccome porta lavoro, bisogna continuare ad investire in quel campo. Questa scriteriata scelta non arriva da un’imprenditore dell’ultima ora ma da Riccardo Puliti, capo della divisione energia della EBRD, la Banca Europea per la Ricostruzione e lo Sviluppo. In pratica una delle principali banche del Vecchio Continente che si occupano di finanziare i grandi progetti imprenditoriali.

Greens appeal to PM and EBRD to scrap Ombla project

Source: , Dalje.com

About 40 civil society organisations from throughout Croatia and international organisations, including Friends of the Earth International, Bankwatch and Justice and Environment, have sent letters to Prime Minister Zoran Milanovic and the President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, appealing that they abandon the plan for the construction of a harmful and expensive hydroelectric power plant on the Ombla river in the Dubrovnik area of southern Croatia.

Serbia mining at centre of debate

Source: Harriet Salem, SETimes

The Kolubara mining basin covers 600 square kilometres, producing 30 million tonnes of lignite and more than 50 percent of Serbia's electricity annually. While government and international investors claim Kolubara is crucial to Serbia's energy security, critics said expansion has come at heavy social and environmental cost.

Open letter to Serbian Minister for Finance and Economy concerning Kolubara resettlement

The open letter - signed by Srpski Centar Ekologije, Uneco Kolubara, and Bankwatch member group CEKOR - raises issues with resettlement and expropriations connected to the Kolubara lignite mine that are not adequately addressed.

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