Bankwatch

Archives for Europe’s East

A new Bankwatch study reveals a worrying track record of criminal and corrupt activities among the companies that are building Europe’s flagship gas pipeline project, the Southern Gas Corridor. by Sven Haertig-Tokarz, cross-posted from the Bankwatch blog. The Southern Gas Corridor, a 3,500 kilometre system of pipelines meant to bring gas from Azerbaijan into Europe,… » read more

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Energoatom is currently unable to serve loans from European institutions. Even though a European Commission study assessed the company’s credit worthiness Ukrainian taxpayers now have to pay back part of the loans. by Ana-Maria Seman, cross-posted from the Bankwatch blog Difficulties are piling up for Ukraine’s state nuclear operator Energoatom whose accounts remain frozen since… » read more

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In its EU funds spending plans, Slovakia has shown commendable dedication to making bioenergy more sustainable. Taking over the EU presidency in June, it will have a unique chance to apply its expertise to improve European regulations on biomass.   by Miroslav Mojzis cross-posted from the Bankwatch blog   After pressure from Slovak non-governmental organisations,… » read more

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Ahead of a referendum in the Netherlands on the association agreement between the European Union and Ukraine, Olexi Pasyuk from the National Ecological Centre of Ukraine discusses the agreement’s importance for Ukraine’s civil society and why Europe must still improve how it engages with the country. by Olexi Pasyuk, cross-posted from the Bankwatch blog. (The… » read more

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Current EU support is not just a distraction from the energy path Ukraine needs to take, it also puts countless communities in Ukraine and abroad at risk. by Iryna Holovko, Ukrainian campaigner for Bankwatch (cross-posted from the Bankwatch blog) European decision makers had good intentions, but in their efforts to help ensure Ukraine’s energy security,… » read more

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No-one will ‘freeze to death’ if the planned lignite-fired power plant in Kosovo does not receive support from multilateral development banks, but if it does, low-income households may well end up choosing between electricity and food. How can an institution, whose very mission is to end poverty, justify this project? by Visar Azemi, Coordinator at… » read more

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It’s no secret that Poland is not the biggest proponent of ambitious European climate and energy policies. Rather than give Poland the extra nudge it needs to transform its increasingly obsolete energy system, the Energy Union risks sustaining – and legitimising – the Polish addiction to fossil fuels.   by Julia Krzyszkowska, cross-posted from the… » read more

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To make sure Latvia’s energy path does not lead into a dead end for sustainability, the Energy Union should facilitate alternatives to unsustainable fuelwood. by Juris Dilba, cross-posted from the Bankwatch blog (Image by Artis Pupins – CC BY 2.0) In a series of blog posts, Bankwatch campaigners are weighing in on the implications that… » read more

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Western Balkan countries have ambitious plans to increase their electricity generation over the next years. But what will happen if they all become a regional energy hub? Will there be a demand for all the available electricity? by Pippa Gallop, cross-posted from the Bankwatch blog Hardly a week goes by without the media in the… » read more

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With Ukraine’s ongoing fight for sovereignty and integrity emphasising once more the country’s energy vulnerability in front of Russia, the need to radically reform the Ukrainian energy sector became crucial for the survival of the country. And yet, moves in this direction are way too slow. Despite positive rhetoric on the need to prioritise energy… » read more

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