Activists take aim at bank financing Serbia biomass projects
Belgrade (AFP) July 29, 2024
Dozens of environmental groups on Monday urged German state-owned bank KfW to stop financing biomass energy projects in Serbia, citing deforestation and their reliance on carbon-based energy sources.
KfW is financing a 32-million-euro ($34.6-million) programme to develop biomass facilities in Serbia.
Biomass derives from organic material such as trees, plants and urban waste, and can be