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Ocean Renewables: Powering the Blue Economy
Offshore renewables can play a key role in harnessing the benefits of the blue economy for sustainable development in Small Island Developing States (SIDS), said IRENA Director-General Francesco La Camera, at the Our Oceans conference held in the western Pacific…
The UN Biodiversity Conference: The Road to a Bold New Agreement for Nature
Healthy, biodiverse ecosystems sustain life on Earth by providing air, water and other essential elements. From forests to farmlands to oceans, the planet’s ecosystems are the basis of resources, services and industries. Despite the value nature provides, it is being…
GGF And MF Banka Boost Green Finance in Bosnia and Herzegovina
The Green for Growth Fund (GGF) has formed a new partnership with MF Banka in Bosnia and Herzegovina to expand access to green finance for small, and medium enterprises (SMEs). A senior loan of 5 million euros will be on-lent…
Speed Up Green Transition to Break From Russian Fossil Fuels, Say 11 EU Countries
Europe must speed up the rollout of renewable energy and energy efficiency measures in response to Russia’s invasion of Ukraine, according to eleven EU countries. The invasion of Ukraine put a spotlight on Europe’s dependency on Russian fossil fuel, particularly gas,…
EBRD Lends EUR 20 Million to Upgrade Bosnia’s Electricity Transmission Grid
The European Bank for Reconstruction and Development (EBRD) is lending EUR 20 million to Elektroprenos-Elektroprijenos (also known as TransCo), Bosnia and Herzegovina’s transmission system operator, for the modernisation and upgrading of its core telecommunications systems. This will help TransCo improve…
IEA: Global natural gas demand set to decline slightly in 2022
The world’s demand for natural gas is set to decline slightly in 2022. as a result of higher prices and market disruptions caused by war in Ukraine, according to the International Energy Agency’s latest quarterly update. The expected small contraction in…
Record Heat Sends Sea Ice Into Retreat, Worrying Scientists
The recent collapse of a 1,100km2 ice shelf in Antarctica came at a time of record high temperatures and is a symptom of a planet in a climate crisis, experts say. The Conger ice shelf, which cleaved away from…