The Western Balkans: EBRD's public money to finance coal plants that threaten EU's longterm climate targets?
Publisher: CEE Bankwatch Network
Volume: 3 pages, pdf
Description:
Climate science is indicating that we are on track for a 4 degree Celsius global warming over this century and world leaders and international institutions are warning against the 'carbon lock-in' that will be caused by constructing more fossil fuel infrastructure today. Despite this, 6195 MW of new coal and lignite plants are planned to be built in the Western Balkans, and the European Bank for Reconstruction and Development (the EBRD, created after the fall of Communism to promote democracy and market economies in Central and Eastern Europe and majority owned by the EU and its member states) is planning to support some of them via its loans. Lignite is the dirtiest of fossil fuels.