A new Memorandum of Understanding to enhance energy cooperation between the EU and the European Bank for Reconstruction and Development (EBRD) has been signed in London today by EU Commissioner Arias Cañete and EBRD President Chakrabarti.
The new agreement will broaden the existing cooperation to a significant number of areas, including scaling-up energy efficiency financing, increasing investment in renewable energy, developing smart grids, and enhancing our resilience to climate change. The Memorandum will also contribute to enhance Europe’s energy security by further promoting the interconnectivity of our energy systems, and by promoting nuclear safety and decommissioning. It will extend cooperation to related areas like regulatory and financing criteria issues. Until now, cooperation focused mainly on energy security, energy efficiency and nuclear decommissioning.
The new Memorandum of Understanding replaces a previous document signed in 2007. It will be implemented through an enhanced coordination of policies and activities and through the optimisation of financing synergies.
The EU is one of the largest donors to EBRD green projects and has contributed more than €290 million in support of the Bank’s green ventures since 2006. The EBRD’s green investments have reached a value of €20 billion in over 1,000 projects during this period. This has helped to reduce greenhouse gas emissions by an estimated 80 million tonnes each year, which is equivalent to the annual GHG emissions of Romania.
Source: ec.europa.eu




Average Arctic sea ice extent for November was the lowest on the satellite record, reflecting unusually high air temperatures, winds from the south, and a warm ocean. Antarctic sea ice extent quickly declined in November, also setting a record low for the month – in marked contrast to recent years. For the globe as a whole, sea ice cover was exceptionally low, according to the U.S. National Snow and Ice Data Center (NSIDC).
Thirty kilometres from the bustle of downtown Abu Dhabi, lies a remarkable undertaking that could one day change the environmental impact of air travel.
While energy use is commonly associated with lighting or transportation, more than half of the world’s energy consumption serves a simple function: heating things. This ranges from heating homes and buildings, to firing up industrial production, or even cooking. And because heat is mostly produced by burning fossil fuels, heat production accounts for almost half of the world’s carbon dioxide emissions.
Today, the potential for lower SWH costs lies mainly in equipment and manufacturing. These can be improved by economies of scale – for example from their use in district heating – simpler designs, development of more manufacturing capacity and use of better techniques, including automation. While the initial cost is higher than gas or electric boilers, operating costs for SWH are much lower, even when electricity is used as a backup.




The Work Programme for the provision of technical assistance to Western Balkan 6 Contracting Parties for supporting the creation of a regional electricity market was published today. It is aimed at removing the existing legislative and regulatory barriers and enhancing the institutional structures necessary for the functioning of the market in line with the Energy Community Treaty. The project “Technical Assistance to Connectivity in the Western Balkans – Component 2: Regional Energy Market” is funded by the European Union and implemented by the Energy Community Secretariat.






An International Atomic Energy Agency (IAEA) team of safety experts said Italy is committed to effective nuclear regulatory oversight but faces challenges related to resources and needs to further develop policies for nuclear safety, decommissioning and managing radioactive waste.


The European Commission has launched a new database on the EU’s building stock to monitor the energy performance of buildings across Europe. The database – called the EU Building Stock Observatory – provides information on buildings’ characteristics including their construction period, energy use, onsite renewable energy and renovation rates.




The European Investment Bank (EIB) has signed a EUR 190 million loan agreement with Lietuvos Energija for the greenfield construction of new combined-heat-and-power (CHP) plant in Vilnius. The project is expected to lower municipal waste landfilling, decrease energy prices as well as cut emissions and improve the security of energy supply in the country. The EIB loan is guaranteed under the “Investment plan for Europe” of the Juncker Commission.