Bankwatch

Archives for fossil fuels

The European Union’s and China’s joint commitment to climate action is tarnished by Chinese support for and the EU’s neglect of coal projects in the Balkans, as a new briefing shows. But it is still not too late to change course. by Pippa Gallop, cross-posted from the Bankwatch blog. As the EU-China summit kicks off… » read more

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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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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. by Hugo Charat, cross-posted from the Bankwatch… » read more

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If fossil fuels’ grip on the Czech Republic’s energy sector remains, as current plans and policies confirm, the country’s support for the Paris Agreement will be nothing but a sham, writes Karel Polanecky from Bankwatch’s Czech member group Hnuti Duha.   cross-posted from the Bankwatch blog The Paris Agreement, sealed 8 months and signed by… » read more

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Two reports by the Serbian Center for Investigative Journalism take stock of the problems surrounding the planned Kostolac B3 lignite power plant, including a recent court decision that cancelled the project’s Environmental Impact Assessment.   by Sven Haertig-Tokarz, cross-posted from the Bankwatch blog   Bankwatch has reported time and again about controversies in the Serbian… » read more

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Last year in the EU, 12.8 GW of wind power capacity was installed – more than any other electricity generation source. This means that wind can now generate 11.4% of the EU electricity consumption in a normal wind year, according to Wind Europe. At the same time Belgium and Scotland have shut down their last… » read more

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While the Energy Community yesterday failed to consider more stringent air pollution rules for the Western Balkans, a new report quantifies the health costs of the region’s coal burning both within the region itself as well as in the neighbouring European Union. by Ioana Ciuta, cross-posted from the Bankwatch blog I often hear that countries… » 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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The European Investment Bank’s track record stands in stark contrast to its pose as a hero in the fight against climate change. by Anna Roggenbuck, cross-posted from the Bankwatch blog As declarations emerge from Paris about the billions and trillions of dollars needed to combat the affects of climate change, the world’s largest public lender,… » 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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