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Archives for fossil fuels

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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Czech environmental and law groups have proposed a law amendment to revive the disadvantaged renewable energy sector in their country. Karel Polanecky from Bankwatch member group Hnuti Duha explains their initiative.   Cross-posted from the Bankwatch blog. (Image by flickr user abejorro34 (CC BY-NC 2.0))   There are many impressive numbers related to Germany’s Energiewende… » 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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EU energy ministers are meeting in Brussels today to discuss the implementation of the Energy Union. Looking at what has been discussed so far, the strategy may not prioritise energy efficiency enough to help Europe become climate-friendly. by Petr Hlobil, cross-posted from the Bankwatch blog EU energy ministers are meeting in Brussels today to discuss… » read more

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As investors and officials are promoting a gas pipeline project from the Caspian Sea to Italy, the systematic repression of human rights in Azerbaijan is hardly on the official agenda. The Aliyev regime’s weakly veiled attempts to muzzle dissent illustrate how even the most repressive governments are acceptable partners for Europe’s pet energy projects. by… » read more

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Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are just gearing up to offer a one billion dollar loan to Russian company Lukoil for gas extraction in Azerbaijan. by Fidanka Bacheva McGrath, cross-posted from the Bankwatch blog Half… » 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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United in spirit with yesterday’s blog post on the European Bank for Reconstruction and Development’s coal lending, Visar Azemi from the Kosovo Civil Society Consortium for Sustainable Development calls on the UK government to not support the Kosova e Re lignite power plant via the World Bank and make its promise to end overseas coal… » 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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