Foreign direct investments and loans from China have in recent years enabled some of Serbia’s largest and most polluting infrastructure projects in coal, mining and transport sectors. These particular investments have been reported to be benefiting from practices that are nothing short of undercutting legal requirements specific to procurement, transparency and environmental permitting procedures.
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.
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
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
Denmark plans to phase-out fossil fuel support for export credits – whilst carbon intensive projects continue
The pending announcement from the government to phase out fossil fuel in export finance is welcome, but not enough to help Denmark meet its climate goals. A study from Just Finance shows, with zero new fossil fuel projects in the Danish export credit agency EKF’s 2019, 2020 and 2021 portfolio, it will have a minor… Continue reading Denmark plans to phase-out fossil fuel support for export credits – whilst carbon intensive projects continue
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
UN human rights experts raise serious concerns about a large-scale tourism project in Mandalika, Indonesia. “Where is accountability?” ask project affected communities in an article published by BenarNews. Wawa Wang, Just Finance’s program director, points to gaps in the funder Asia Infrastructure Investments Bank (AIIB)’s environmental and social framework system as partly to blame for… Continue reading UN raises human rights concerns for Beijing-based AIIB’s standalone Mandalika project in Indonesia
A Polish-Chinese investor is planning another thermal power plant in Ugljevik, contrary to the suggestions made by the Energy Community to Bosnian. Read the full interview in Bosnian with Wawa Wang, Just Finance Director here.
Today, VedvarendeEnergi has along with 400 other organizations called on the EU and member states to pack up and leave the ECT by November’s UN climate summit. We belive that the Energy Charter Treaty protects investments in destructive fossil fuels, and lets energy companies sue states in corporate courts for acting on climate change. Therefore… Continue reading Enviromental Organizations: Leave The Energy Charter Treaty before COP26
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. Read the press release in English here Procitajte saopstenje na Bosanskom ovde
An increasing number of Chinese defence companies are active in the civilian market in the Western Balkan countries. Read the full interview (in Serbian) with Nils Resare, Senior Researcher at Just Finance here
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