Bankwatch

New money, old ideas - How EU spending plans for central and eastern Europe are selling short a greener future

Study | December 11, 2014

This comprehensive analysis of draft government spending plans for the allocation of EU budget money shows that central and Eastern European countries are planning to use unacceptable amounts of their €350 billion allocation on dirty energy projects, polluting forms of transport and incinerators. The study was published by CEE Bankwatch Network and Friends of the Earth Europe.

Institution: EU Funds

Theme: Energy & climate, Transport, Resource efficiency

New money, old ideas: How EU spending plans for central and eastern Europe are selling short a greener future

December 11, 2014

Brussels, December 11 – Central and Eastern European countries are planning to use unacceptable amounts of their €350 billion allocation from the EU budget on dirty energy projects, polluting forms of transport and incinerators, according to a comprehensive analysis of draft government spending plans published today by CEE Bankwatch Network and Friends of the Earth Europe.

Institution: EU Funds

Tags: EU

EU lays out investment priorities for Juncker plan

December 10, 2014

Source: Valentina Pop, EuObserver

The EU commission on Tuesday (9 December) gave a first flavour of what kind of projects could be financed by the new €315bn investment fund scheduled to become operational mid-2015.

Institution: EIB

Tags: EU

Barriers to infrastructure investment blocking Energy Union

December 10, 2014

Source: James Crisp, EurActiv

Energy Union, the flagship initiative to wean the EU off its dependence on Russian gas, faces regulatory, financial and political obstacles that can delay or prevent funding for vital infrastructure, the EU Task Force on Investment has warned.

Institution: EIB

Theme: Energy & climate

EU against Romania on the Rovinari coal mines

December 10, 2014

Source: Ana Vucina, Energetika

Eight things to give the EIB's forthcoming climate policy meaning, purpose and ambition

Briefing | December 10, 2014

With climate protection set to be a high priority for the EU in the next five years and beyond, the EIB needs to streamline climate considerations across its lending to different sectors and in different regions as quickly as possible. Such a policy needs to deliver on multiple objectives, with the combating of climate change and the promotion of sustainability absolutely central to these.

Institution: EIB

Theme: Energy & climate

Juncker’s €300bn investment gamble – and what it might mean for energy

December 9, 2014

Source: Sonja van Renssen, Energy Post

The EU and European Investment Bank (EIB) have teamed up to launch a new investment programme for Europe – with energy, as well as transport, research, innovation and education, its key objects. A modest €21bn in public money is set to be multiplied up to a whopping €315bn in total investments over the next three years, pushing Europe toward that long-hoped for economic recovery. There is no dedicated share of the money for individual sectors or countries, yet first reactions from the energy community are enthusiastic.

Institution: EIB

Theme: Energy & climate

Juncker's €315bn investment plan unveiled: fifteenfold leverage and solidarity for the south

December 9, 2014

Source: Jeremy Fleming, EurActiv

The European Commission yesterday (25 November) unveiled the mechanism for its much-heralded €315 billion investment plan, revealing how a limited €21 billion of initial public money is intended to lift fifteen times as much in capital.