Our group of allies is increasing! Artists raise their voices against the total destruction of Balkan rivers – they want to see them protected, not dammed.
As the 2015 Bankwatch study “Financing for hydropower in protected areas in Southeast Europe” (see further down) shows, international commercial and public banks have been bankrolling a wave of hydropower projects across southeast Europe that have damaged pristine rivers, including in protected areas. This 2018 update finds that the number of financed hydropower projects in the region is even greater than previously known. These include the European Bank for Reconstruction and Development (EBRD), the EU’s house bank the European Investment Bank (EIB), the World Bank Group and commercial banks such as Austria’s Erste Bank and Italy’s Unicredit Group.