According to EIB officials, between 2007 and 2011 their bank invested €15 billion in fossil fuel projects compared to €14.8 billion in renewables.
According to the new South East Europe Change Network (SEECN) report, (which covers Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia), between 2006 and 2012, 32 times more of the €1.68 billion invested by development banks in the Western Balkans’ energy infrastructure went to fossil fuels than to non-hydropower-based renewables.
