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17.11.2010

Fossil fuel growth agenda at EBRD revealed by new energy lending numbers


Prague, Czech Republic -- As the European Bank for Reconstruction and Development (EBRD) today published its annual Transition Report with the promise of a 'new growth agenda' for the countries of central and eastern Europe, CEE Bankwatch Network warned that the international development bank must prioritise the region's transition to a low-carbon economy by pulling back from the fossil fuel growth agenda that its energy investments have driven in the 2006-2009 period.
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01.08.2010

6th European Conference of GMO-Free Regions Brussels and Ghent, 16.-18. September 2010


2010 will be a decisive year for the future of GMOs in Europe. New approvals for the cultivation of GMOs and new legislative proposals by the European Commission are pending. With his approval of the first GMO for cultivation since 1998 the new Commissioner in charge sent out a clear message about his intentions.GMO-Free Europe 2010 will send back an equally clear message and prepare for further action.
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06.07.2010

European public banks need to do more on renewables and energy efficiency in southeast Europe says new Bankwatch study


A new Bankwatch study urges the international financial institutions (IFIs) to reverse the trend towards investments in climate-damaging fossil fuel projects and step up their financing for new renewables and energy efficiency in the region.
The report finds that 50 percent of the European Investment Bank’s energy investments in the region in the period 2002-2009 were for fossil fuel projects, with only nine percent for energy efficiency and renewables. 52 percent of the European Bank for Reconstruction and Development’s energy investments were for fossil fuel projects, with 28 percent in renewables and energy efficiency. The vast majority of the EBRD renewables and energy efficiency investments have been carried out in Bulgaria, with very few in the Western Balkans so far.
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