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There is a sad joke in Slovakia that the country could become a museum for renewable energy sources (RES). Not because the Slovak physicist Aurel Stodola invented in 1928 the world’s oldest heat pump that still powers Geneva’s city hall, but because of its antiquated energy policy that lacks systematic support for renewables at the… » read more

  Posted by Bankwatch

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

  Posted by Bankwatch

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

  Posted by Bankwatch

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

  Posted by Bankwatch

How to overcome the stagnation in the Czech renewable energy sector? Ending the government’s crusade against renewable support schemes would be a good starting point, writes Karel Polanecky from Bankwatch’s member group Hnuti Duha, Friends of the Earth Czech Republic.   cross-posted from the Bankwatch blog   Power production from renewable energy sources in the… » read more

  Posted by Bankwatch

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

  Posted by Bankwatch

Energoatom is currently unable to serve loans from European institutions. Even though a European Commission study assessed the company’s credit worthiness Ukrainian taxpayers now have to pay back part of the loans. by Ana-Maria Seman, cross-posted from the Bankwatch blog Difficulties are piling up for Ukraine’s state nuclear operator Energoatom whose accounts remain frozen since… » read more

  Posted by Bankwatch

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

  Posted by Bankwatch

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

  Posted by Bankwatch

Ahead of a referendum in the Netherlands on the association agreement between the European Union and Ukraine, Olexi Pasyuk from the National Ecological Centre of Ukraine discusses the agreement’s importance for Ukraine’s civil society and why Europe must still improve how it engages with the country. by Olexi Pasyuk, cross-posted from the Bankwatch blog. (The… » read more

  Posted by Bankwatch

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

  Posted by Bankwatch

Current EU support is not just a distraction from the energy path Ukraine needs to take, it also puts countless communities in Ukraine and abroad at risk. by Iryna Holovko, Ukrainian campaigner for Bankwatch (cross-posted from the Bankwatch blog) European decision makers had good intentions, but in their efforts to help ensure Ukraine’s energy security,… » read more

  Posted by Bankwatch

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

  Posted by Bankwatch

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

  Posted by Bankwatch

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