Bankwatch

Archives for fossil fuels

A new report by the Belgrade-based NGO CRTA shows that the Serbian government is supporting the Kostolac coal power plant and mines with loan guarantees and potentially VAT exemptions. Propping up the already dominant coal sector, however, will likely further increase Serbia’s vulnerability to extreme weather events. Increasing Serbia’s energy efficiency and renewables generation would… » read more

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The findings of a visit to the EBRD sponsored Patos Marinza oil field in Albania show how local development and investments in resource extraction often do not go hand in hand. The case provides valuable lessons for the revision of the EBRD’s safeguard policies. by David Hoffman, cross-posted from the Bankwatch blog I first visited… » read more

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Complimented for its restrictions of coal lending, a closer look at the EBRD’s new energy strategy reveals a shocking lack of operational knowledge to implement the ambitions outlined in its executive summary. by Ionut Apostol, cross-posted from the Bankwatch blog On Tuesday this week, the European Bank for Reconstruction and Development (EBRD) approved a new… » read more

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With the United Kingdom, another major shareholder of the European Bank for Reconstruction and Development is divesting from coal overseas. What does this mean for the upcoming decision on the EBRD’s energy strategy? by Fidanka Bacheva-McGrath, cross-posted from the Bankwatch blog The UK government yesterday announced that it would “end support for public financing of… » read more

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Monday morning in Warsaw, climate activists staged a public action in front of the Polish Ministry of Economy – the venue for the greenwashing Coal and Climate Summit – to voice their outrage and reiterate a simple reality: there is no such thing as clean coal. Organizations involved in the action included Polish Youth Climate… » read more

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A promotional video for an upcoming climate protest in Warsaw draws attention to the negative influence that coal has on our health and that coal businesses will have on the global climate negotiations. by Sven Haertig-Tokarz, cross-posted from the Bankwatch blog With the COP19/CMP9 around the corner, this year’s host of the event, the Polish… » read more

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The likely allocation of EU funds is set to bring about a breakthrough success for a popular and dearly needed campaign for better air quality in Krakow, Poland. by Markus Trilling, cross-posted from the Bankwatch blog As the now frankly absurd EU budget 2014-2020 stalemate staggers on in Brussels, it’s been heartening to get wind… » read more

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Just a few weeks before leading international climate negotiations at the COP 19 in Warsaw, and in the face of the new IPCC report’s dire conclusions, the Polish government is again obstructing European emissions reduction ambitions. cross-posted from the Bankwatch blog “The European Commission wants to set new climate goals for 2030,” Polish Deputy Prime… » read more

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A new law that will redraw the Czech Republic’s approach to renewable energy is suspected to bring the development of the Czech renewables sector to a standstill and instead provide a boost for the country’s fossil fuel sector. by Ondrej Pasek, cross-posted from the Bankwatch blog No sooner had Polish prime minister Donald Tusk reaffirmed… » read more

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In an open letter sent today to the President of the European Bank for Reconstruction and Development 54 civil society organisations follow up from last weeks consultations on the bank’s new energy sector strategy and ask the president to ensure that the EBRD addresses the challenges of climate change with the urgency it deserves. We… » read more

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