Prague - A new Bankwatch study urges the international financial institutions 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.

The study titled "Can the international financial institutions do more to support new renewables and energy efficiency in south-east Europe?" can be downloaded under bankwatch.org.

Quelle: CEE Bankwatch Network

Zurück