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
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