The future of a planned 700 MW Ugljevik III coal power plant in Bosnia and Herzegovina is in doubt after one of the project companies, Sunningwell International Limited, confirmed that Chinese bank loans will not be available for the project.
Category: Press Releases
Reaction to EU Parliament Resolution on forced labour in Serbia’s Linglong tyre factory and environmental protests in Serbia
Brussels, 16 December 2021: Reacting to the passing of an EU Parliament vote on an urgent resolution on forced Vietnamese labour in Serbia’s Linglong tyre factory, and environmental protests in Serbia [1], Wawa Wang, program director of Just Finance International, said: “The overwhelming majority of Members of the European Parliament today recognised there is a… Continue reading Reaction to EU Parliament Resolution on forced labour in Serbia’s Linglong tyre factory and environmental protests in Serbia
CSOs welcome political commitment to end international oil, gas, and coal finance by end of 2022, say others need to follow suit
Glasgow, 4 November 2021 – Today at COP26, more than 20 countries and institutions, including the United States, Canada, Mali and Costa Rica, launched a joint statement committing to end direct international public finance for unabated coal, oil and gas by the end of 2022 and prioritize clean energy finance. After a wave of commitments… Continue reading CSOs welcome political commitment to end international oil, gas, and coal finance by end of 2022, say others need to follow suit
Revised OECD Agreement on Export Credit Restrictions for Coal Plants “Full of Loopholes”
Paris, 4 November 2021: Just Finance International today branded a revised OECD agreement intended to restrict export credit to support international coal-fired power plants as “full of loopholes”, as it allows continued pollution of the global environment. In practice, the new agreement – a revision of a 2015 agreement and effective as of 1 November… Continue reading Revised OECD Agreement on Export Credit Restrictions for Coal Plants “Full of Loopholes”
Response: G20 ends public financing for international coal-fired power projects, we ask China to walk away from Western Balkan coal projects immediately.
G20 nations including China have agreed to ending public financing for international coal-fired power projects this year, following on from similar commitments by the G7 and the OECD. China, the world’s top financier for the construction of international coal-fired power projects, still currently has over 1.7 GW of planned coal-fired power plants and the 350 MW Kostolac B3 coal-fired power project under construction in the Western Balkan countries in Southeast Europe… Continue Reading
Asian Infrastructure Investment Bank: Increasing Loss of Transparency and Control by International Partners
Just Finance International and the Heinrich Böll Foundation are launching a joint report today which examines how the revised safeguard policy of the Asian Infrastructure Investment Bank (AIIB) fails to improve its accountability and transparency. Continue Reading
Governments worsen climate crisis with USD billions in export finance
Every year, G20 countries give tens of billions of taxpayer-backed money to the fossil fuel industry via secretive government agencies known as Export Credit Agencies (ECAs). We can’t address the climate crisis effectively if our governments continue to prop up fossil fuels. Continue Reading
Find out more and sign the letter to world leaders urging them to stop supporting the fossil fuel industry via public financial institutions: http://www.fossilfreeecas.org
200+ CSOs call on world leaders to end public finance for fossil fuels in 2021
One day before world leaders meet to discuss the energy transition at the United Nations High Level Dialogue on Energy, more than 200 civil society organizations (CSOs) from over 40 countries have released a statement calling on world leaders to end international public finance for coal, oil and gas. The statement points to International Energy… Continue reading 200+ CSOs call on world leaders to end public finance for fossil fuels in 2021
Response: China’s Pledge to End Coal Projects Met With Cautious Welcome in Europe
Copenhagen, 22 September 2021:- Responding to China’s breakthrough announcement at the United Nations General Assembly on September 21 that it will ’’not build new coal-fired power projects abroad,” Just Finance International and the Western Balkan ‘end coal’ campaign monitoring Belt and Road Initiative coal projects in Southeast Europe welcome Beijing’s move to exit its international coal… Continue reading Response: China’s Pledge to End Coal Projects Met With Cautious Welcome in Europe
NGOs: Secret Chinese deal on Bosnia-Herzegovina coal plant must be urgently stopped
Environmental organizations have today expressed concerns and called on the Government of Republika Srpska to clearly explain what is happening with the Ugljevik 3 coal power plant and to urgently cancel the concession for the project. Continue Reading