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Archives for EBRD

A roundtable discussion on European public banks and energy lending brought together Members of the European Parliament and non-governmental organisations, while the public banks themselves chose to stay away. Posted by Berber Verpoest, Media officer for the Counter Balance coalition. (Cross-posted and slightly edited version from the Counter Balance blog.) “It’s your energy” goes the… » read more

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The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch’s EBRD campaign team to react. posted on the Bankwatch blog by Fidanka Bacheva-McGrath, Bankwatch EBRD campaign coordinator At about the same time as scientists declared an unprecedented and increasingly dangerous CO2 concentration in the earth’s… » read more

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The European Parliament yesterday chastised the European Bank for Reconstruction and Development for its explicit interest in financing a new lignite-fired power plant in Kosovo. NGOs hope the bank will pay more attention to the Parliament than it did to civil society and energy experts so far. posted on the Bankwatch blog by Ionut Apostol,… » read more

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Responses to the EBRD’s justification for financing nuclear lifetime extensions In an unprecedented effort to defend its support for Ukraine’s nuclear programme the EBRD publicly replies to some of our objections. Several colleagues sent us their (sometimes outraged) rebuttals, which we include here in our rejoinder to the bank’s arguments. posted on the Bankwatch blog… » read more

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Disappointed by loan disbursements to one of the dirtiest coal projects in Europe, almost 100 organisations have called on two public lenders to not repeat the same mistakes, ever. Guest post on the Bankwatch blog by Barbara Kvac, Climate campaigner for Focus, Slovenia In the beginning of March, the European Investment Bank and the European… » read more

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A campaign against a new lignite power plant in Kosovo uses World Bank figures to highlight the health damage resulting from pollution. Posted on the Bankwatch blog by Sven Haertig-Tokarz, Bankwatch web editor We blogged last week about a new coal power plant near Pristina in Kosovo, that is due to receive support by the… » read more

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A potential cooperation between the European Bank for Reconstruction and Development and the agro-corporation Monsanto has thankfully not come to fruition. The case highlights the difficulties for a large development bank to reach farmers on the ground. posted on the Bankwatch blog by Pippa Gallop, Bankwatch’s research coordinator You may remember that in November 2012… » read more

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For its first loan to ‘Arab Spring’ countries the European Bank for Reconstruction and Development has chosen vehicles and partners whose ability to deliver developmental value is highly uncertain. posted on the Bankwatch blog by Greig Aitken, Bankwatch Mail editor This post is an article from the upcoming Issue 53 of our quarterly newsletter Bankwatch… » read more

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Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks. We have seen a number of cases recently, where clients of the European Investment Bank and the European Bank for Reconstruction and Development have allegedly been involved in serious cases of corruption. (See for… » read more

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A recent audit showed that Ukraine lacks good management at least as much as finances to reform its energy sector. EU money is meanwhile siding with a tainted company. by Iryna Holovko, Ukrainian campaigner for Bankwatch In our attempts to promote the development of renewable energy in Ukraine, we constantly hear from officials: “We’re a… » read more

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