Bankwatch

Archives for climate action

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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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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Documents obtained by Bankwatch provide more details for a European Investment Bank statement that its loans to Volkswagen may have been connected to the car makers use of cheating devices to rig emission tests. by Anna Roggenbuck, cross-posted from the Bankwatch blog. With each passing day since Bankwatch revealed the European Investment Bank’s massive support… » 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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A leaked document, published here for the first time, that outlines the Slovenian government’s priorities for the EU’s Energy Union reveals a potential conflict with what the European Commission has on offer. Yet, neither promises ambitious strides towards more renewables. by Markus Trilling, cross-posted from the Bankwatch blog. Tomislav Tkalec from Focus, Slovenia contributed to… » read more

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The European Investment Bank is gearing up for an increased role in spurring growth in Europe as set out by the new Juncker Commission. Yet as Europe’s 2030 climate targets are being undermined by some countries the bank that wants to be a leader in climate action must keep in mind that we can no… » 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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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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With another public action, colleagues in Moscow are today bringing to a close a week that has seen the European Bank for Reconstruction and Development having to listen to a lot of uncomfortable truths. by Pippa Gallop, cross-posted from the Bankwatch blog During this week’s EBRD consultation meetings on its new energy sector strategy it… » read more

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For the last couple of years, we have been calling on the European Investment Bank to drop coal lending. Finally, we’re starting to see some results. by Anna Roggenbuck, cross-posted from the Bankwatch blog Last Friday, the EIB published a new energy lending policy, which shall be in place for some five-six years. Already in… » read more

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