Europe’s biggest hydropower corporation – the Austrian Verbund AG, is complaining about too much electricity on the European market. Particularly wind power and the expansion of solar power results in an oversupply of energy on the market leading to declining prices for producer.
In a petition, International Rivers calls upon the financiers and builders (FMO, Finnfund, CABEI and Voith-Siemens) of the Agua Zarca Dam in Honduras to pull out of the project. On March 2, Berta Cáceres was brutally murdered for her opposition against the dam project. Sign the petition!
Another Albanian river at risk: the beautiful Valbona river is facing the construction of several planned hydropower plants along its course, not stopping at national parks and other strictly protected area - as so often the case. Local communities are protesting and need your help: please sign and share the petition addressed to Prime Minister Edi Rama!
Between January 22 and 24, the first “River Film Festival Berlin” takes place in the Moviemento Cinema in the Kreuzberg district. Riverwatch stands in connection with two selected films of the festival: “Damocracy” und “One for the River: The Vjosa Story”
++ Other financiers must follow suit ++ The World Bank withdrew its funding for one of the two big hydropower projects inside MavrovoNational Park in Macedonia.
Press release by Europa Nostra, European Investment Bank Institute and Cultural Awareness Foundation: Europa Nostra, the leading European heritage organisation, and the European Investment Bank Institute announce today the 14 monuments and sites shortlisted for ‘The 7 Most Endangered’ programme 2016 by aninternational panel of experts in various fields.
A wave of hydropower development fuelled by European public funding and EU companies is endangering pristine river environments in the Balkans, finds a new study by CEE Bankwatch Network released today. The extensive analysis shows that multilateral development banks are playing a key role.