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The best laid plans - Why the Investment Plan for Europe does not drive the sustainable energy transition

This report analyses projects approved by the European Fund for Strategic Investments (EFSI) in its first year of operation. The fund should catalyse €315 billion in new investment, and play an important role in the fight against climate change. However, as the analysis finds, during the EFSI's first year an additional €1.5 billion was earmarked for fossil fuel infrastructure, and 68% of transport investment is destined for carbon-intensive projects.

Juncker investment plan: deep reforms necessary for sustainable future

Cash that should be flowing into projects that boost environmental sustainability is instead fuelling outdated carbon-intensive projects like motorways, airports, and fossil-fuel infrastructure, according to a new report on Europe’s investment plan released today

Guest post: China stokes global coal growth

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China cuts coal at home but state owned companies and banks drive new coal expansion overseas, despite top level promises of green growth for developing countries, writes Beth Walker from China Dialogue.


[Campaign update] Montenegro's Pljevlja coal plant is running out of time to secure financing

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The Czech daily Hospodarske Noviny (English: "Economic Newspaper") is reporting today that the Czech Export Bank (CEB) and export insurance agency EGAP may not be be able to finance the Pljevlja II lignite power plant in Montenegro due to new OECD rules entering force on 1 January 2017.


European development bank raises $391m through debut equity fund

Source: Emma Rumney, Public Finance International

The European Bank for Reconstruction and Development has raised €350m ($391m) in the first round of fundraising for its debut Equity Participation Fund.

The fund aims to attract long term institutional capital into the private sector of those countries where the EBRD works. It allows large institutional investors to take 20-30% of the interest in all of the EBRD’s eligible investments above €10m ($11m) during a five-year period.

First Balkans private power plant boosts coal dependence

Source: Maja Zuvela, Reuters

* Chinese-built plant is first privately built in Western Balkans

* Plant increases regional dependent on dirty coal

* Chinese investment playing growing role in region's power

By Maja Zuvela

STANARI, Bosnia, Sept 20 The Balkan region's first privately-funded power plant came online on Tuesday, increasing the region's dependency on coal-fired power stations even as environmental concerns are driving them to the brink of the extinction elsewhere in Europe.

Southern Gas Corridor under more pressure

Source: Annemarie Botzki, Interfax Global Energy

Russia’s plan to revive the Turkish Stream pipeline and the Interconnector Turkey-Greece-Italy (ITGI) project could put future projects along the proposed Southern Gas Corridor under even more pressure.

Gulmira Rzayeva, senior research fellow at Azerbaijan’s Center for Strategic Studies, said the pipeline could affect the second stage of field development in Azerbaijan, including as Absheron, which is forecast to begin production in late 2021. [...]

Guest post: The last coal plant in the Western Balkans?

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The Stanari lignite power plant in Bosnia officially starts operations today. If we are to have any hope of tackling climate change, it had better be the last one in the region.


For European development bank democracy is an afterthought

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Almost one in four euros lent by the European Bank for Reconstruction and Development in 2015 went to authoriatrian countries. The bank has clearly decided to ignore its own mandate, or else it would have to considerably shrink its business.


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