Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.
In Romania alone, over €500m from the fund have been channeled to gas infrastructure, according to a new report from CEE Bankwatch. ...
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Raluca Petcu is fossil gas campaigner in Romania with the CEE Bankwatch Network and Bankwatch Romania.