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A STORY INSPIRED BY THE LOVE AND CARE OF CHILDREN

Photo: Alkaloid Skopje
Photo: Alkaloid Skopje

The Alkaloid pharmaceutical company recently celebrated the 45th anniversary of one of its most recognizable brands – Becutan, a collection of skincare products for babies and children.

The story of Becutan is firmly rooted in love and care for children. In 1978, the Becutan brand became an indispensable part of childhood in this region and a synonym for quality. Thanks to constant investments and innovations carried out in Alkaloid’s state-of-the-art laboratories, Becutan has been and remains consistent in providing top-quality products. That’s why Becutan is used by our youngest and remains a skincare friend to all generations for decades to come.

Becutan and Alkaloid are not only symbols of tradition but also bearers of change, sustainable technologies and nature conservation through energy saving – both in the pharmaceutical industry and sustainable development.

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Alkaloid Skopje is a company that has been operational for over eight decades in the production of medication, cosmetic and chemical products and the processing of botanical raw materials. It is present in all markets of the former Yugoslavia and Switzerland, Bulgaria, Turkey, Romania, Ukraine, the Russian Federation, and the USA.

The constant growth of production implies constant investment in production processes and the education of existing and new personnel. There are many areas in which Alkaloid can boast to be a socially responsible company – from helping orphanages and helping sports to be involved in the dual education system.

The company also recorded significant results in saving energy and caring for a healthier environment in which we live. It has set long-term goals, the most important of which is to help the community where we live and do business. Other long-term goals are divided into several segments – identifying the source and establishing a carbon footprint measurement process, devising measures to reduce CO2 emissions, increasing renewable energy production by 12 per cent in the next 25 years, increasing recyclable waste by 10 per cent by 2025, analyzing sustainable PC packaging for CCB and PC Pharmaceuticals, identifying sources and establishing a water footprint measurement process for all of the company’s sites by the end of 2023.

The first results are already visible in daily production, especially in the main production plant in Skopje. So far, CO2 emissions have been reduced by 1,285 tonnes, new bicycle parking spaces have been built, encouraging employees to use bicycles more in their daily commute, and 5,000 m3 of water has been saved, i.e. 1.5 per cent used in total production.

A digital platform for professional communication has also been launched, which saves on the energy consumption of other materials, such as paper. These are all parts of the company’s ESG strategy.

Alkaloid Skopje

Read the story in the new issue of the Energy portal Magazine RENEWABLE ENERGY SOURCES

How can sustainable debt support China’s energy transition?

Photo-illustration: Pixabay (geralt)
Foto-ilustracija: Pixabay

Sustainable debt has become a popular tool to fund green and sustainability-linked activities since it first emerged in the mid-2010s, providing a tailwind to clean energy investment. Global sustainable debt issuances have risen nearly tenfold since 2016, peaking at over USD 1.7 trillion in 2021. These instruments have been leveraged by governments to raise capital for green infrastructure, by financial institutions to facilitate green or sustainable lending, and by corporates to raise funds for their net-zero efforts. One driver of issuance has been the willingness of many investors to accept lower interest rates if a bond is classified as green or sustainable, a distinction often referred to as the “greenium.”

Sustainable debt issuances can take several forms. Green, social, sustainability and transition bonds are all considered “use of proceeds” bonds, whereby the funds raised are allocated to pre-defined activities or projects, often outlined in a guidance document known as a taxonomy. They also generally come with strict reporting and verification requirements. Green bonds are most common, accounting for nearly 40 percent of total sustainable debt issuances.

More recently, sustainability-linked bonds (SLBs) have emerged as a more flexible means to access the green debt market. SLBs have a unique structure whereby the interest paid to bondholders can vary based on the issuer’s achievement of certain sustainability targets, such as reducing emissions intensity or absolute emissions. Unlike use of proceeds bonds, they are not tied to specific activities or projects. This flexibility means they have been favoured by carbon-intensive industries that need to finance transition activities more broadly, as well as by sovereign issuers, since public finance management practices, sometimes enshrined in law, may preclude the use of funds for a specific purpose.

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The People’s Republic of China (hereafter China) has emerged as one of the fastest growing adopters of sustainable debt instruments. Most of the growth to date in the Chinese market has been driven by green instruments, which accounted for just under 70 percent of sustainable debt issuance in 2022. The vast majority of these issuances are bonds, which reached RMB 875 billion (USD 120 billion) last year. This makes China the world’s second largest market for green bonds behind the United States, a position it has held since 2021. And there is still substantial room for further growth. Labelled green bonds, for example, only account for only around 1.5 percent of the country’s total onshore bond market.1 By contrast, green loans, which reached around RMB 22 trillion (USD 3 trillion) in 2022, already constitute around 10 percent of the country’s total loan market.

Foto-ilustracija: Unsplash (Emiel Molenaar)

The drivers of growth in China’s sustainable debt market, as well as the beneficiaries, look different than in OECD economies, where sustainable finance tends to be the domain of the private sector. In China, meanwhile, state-owned banks have facilitated much of the rapid expansion in the market, providing indirect financing for prominent firms across the energy, power and industrial sectors, many of which are state-owned. Banks in China account for 45 percent of activity across all sustainable debt categories, compared with only 20 percent in OECD economies.

Another notable difference is that in China’s onshore market, the “greenium” is largely absent, according to analysis from early 2023. This is likely the result of an oversupply of green opportunities. While policy banks and state-owned enterprises have driven the rapid rise in issuance to meet China’s carbon neutrality targets, this has not been met with rising interest for buyers, reducing pricing benefits.

There are broader lessons to take from the swift growth in China’s sustainable debt market, even with its unique characteristics. The lack of a “greenium,” for example, means robust government policy has played a major role in the market’s development – an important takeaway for other markets in which this trend emerges.

The Chinese government supported the launch of the domestic green bond market when the People’s Bank of China (PBOC) and six other government agencies issued the Guidelines for Establishing the Green Financial System in 2016. Since then, the development of the market for green, sustainable and transition finance instruments has been driven by strong policy support.

Foto-Ilustracija: Pixabay

However, there are still challenges to overcome in the regulatory environment. Four regulators oversee the sustainable debt market in China: the PBOC, the China Securities Regulatory Commission (CSRC), the National Association of Financial Market Institutional Investors (NAFMII) and the National Development and Reform Commission (NDRC). An inter-governmental authority published the Green Bond Principles in July 2022 with the aim of harmonising these regulations, but the NDRC – which is responsible for bonds by state-owned enterprises – has not yet adopted them. Under the Principles, a bond can only be labelled as “green” if 100 percent of the capital raised is allocated for green activities, whereas the NDRC has a threshold of only 50 percent. Bonds by state-owned enterprises accounted for about half of onshore green issuances between 2019 and 2022, indicating the scale of this potential regulatory gap.

Source: IEA

THE CIRCULAR ECONOMY IN THE OIL INDUSTRY: REDUCTION OF RAW MATERIALS, WASTE AND EMISSIONS  

Photo: NIS
Photo: NIS

According to the official data posted on the website of the European Parliament, 2.2 billion tonnes of waste are generated in the European Union each year. More than a quarter of it includes municipal waste: everyday waste that is collected and treated by municipalities, mainly produced by households. To reduce waste and its impact on the environment, the EU has adopted ambitious targets leading to a more sustainable model known as the circular economy

What does the circular economy entail

In practice, this implies reducing waste to a minimum. When a product reaches the end of its useful life, thanks to recycling, the resources it contains are reused, thus creating added value. Reusing and recycling products is important to slow down the consumption of natural resources, reduce environmental damage, and preserve biodiversity. Creating more sustainable products reduces energy and resource consumption and thereby the total annual greenhouse gas emissions, increases competitiveness, encourages innovation and creates new jobs.

Economically and environmentally sustainable development model

In addition, switching to reusable products reduces the amount of waste. Packaging is an increasing problem; the average European person produces almost 180 kilogrammes of packaging waste annually. The circular economy is not a new topic in Serbia either. The contribution to this concept is best illustrated by the example of our largest oil company – NIS. Namely, NIS explains that the company, as a packaging filler and supplier that places packaging on the market, hired an operator responsible for the packaging waste management system that holds a license for performing this activity. All packaging waste that was picked up and collected in 2022 was re-used, recycled, or disposed of during the current year, in order to meet the national objectives set for 2022.

Thus, in 2022, 111 t of paper, 18 t of PET packaging, and 10 kg of cans were handed over for recycling in NIS, which saved 1,887 trees, 36,090 litres of fuel, 3,552,000 litres of water, and 574,340 kWh.

Another of the goals that the company strives for is the constant reduction of the share of freshwater in the total amount of water used in business processes. At the Pančevo Oil Refinery, for example, thanks to the recovery of condensate, water is re-circulated, which achieves the effect of reducing the intake of fresh water by about 20 percent. 

An important fact is that, just during 2022, NIS contributed to a healthier environment in Serbia by investing in environmental projects in the amount of almost RSD 315 million. All relevant data on this topic were presented within the 13th verified Sustainable Development Report, published by NIS under the symbolic slogan “Our Sustainable Community”. 

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Operating according to global standards

NIS is the industry leader in the field of sustainable production and recycling, and it introduces good practices in its business. At eight oil and gas fields in Serbia, the company has built small power plants, in which electricity and thermal energy are now produced from gas that was previously burned on a flare, and thereby, the emission of harmful gases is reduced. Through the cogeneration program, the thermal energy produced is used for the needs of the NIS facilities, while electricity surpluses are sold on the domestic market.

This oil company also applies a modern environmental method of drilling in oil fields by applying the principle of “dry locations”, which is also used by the world’s leading oil and service companies. The material obtained during drilling is recycled on the site by separating it into a part that is re-used for drilling and a part that is waste and that is disposed to a landfill where it is stored according to global standards. 

In addition, NIS also built the Amine Plant for the natural gas purification near Elemir. The processing method in this plant completely prevents carbon dioxide emissions into the atmosphere, thus reducing the “greenhouse” effect. The extracted CO2 is then injected into the Rusanda oil and gas field, to increase oil utilization, which is another contribution of this company to the circular business model.

Source: NIS

MIXKON CONNECTS INDUSTRY, THE ENVIRONMENT AND PEOPLE

Photo: Mixkon
Photo: Mixkon

Waste from most factories creates landfills, contaminates soil and groundwater, and frequently and significantly affects large bodies of water. Factories like chemical factories, steel mills, crude oil refineries, and aluminium smelters are often positioned near a water source due to production needs, such as having electricity generation plants nearby. Still, very few consider where the wastewater will end up during this process. Metals, chemicals, oils and various other substances are usually released into rivers, lakes or seas through wastewater, as this is the easiest way for factories to get rid of surpluses, which, in turn, has horrible consequences for aquatic ecosystems. It is not the only form of industrial pollution from which many living beings and nature suffer because, in addition to wastewater, over two billion tonnes of solid waste is produced on Earth annually, which ends up in landfills or is burned. At the same time, only 16 per cent are recycled.

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One industrial activity that inevitably generates large amounts of waste is casting. Foundry is a technological process in which metal objects are shaped by pouring molten metal into certain moulds to obtain the required casting. Mining, automotive, mechanical, construction, electrical industries and cement plants are just some of the manufacturers that depend to a large extent on this activity because they use different castings, i.e. moulded objects made of metal, which they then use in manufacturing their products. As foundry is necessary for production, just like a healthy living environment is also necessary, someone has thought of how to apply technological and technical knowledge and encompass all of the above thanks to a single idea.

Photo: Mixkon

Mileta Bogdanović from the town of Aranđelovac is a technology engineer who specializes in non-metals and construction materials. Back in 2018, when, as a co-owner, he founded MIXKON d.o.o., a company that carries out professional rehabilitation and employs persons with disabilities, he put his knowledge to good use. That effort and innovation paid off, as shown by the award won at the Green Ideas Forum last year, a kind of validation for entrepreneurs whose ideas are based on sustainable development.

The company processes waste material from the foundry, which is then used to produce refractory materials used at extremely high temperatures. As Mr Bogdanović explains, the waste is removed from the Mikro Liva landfill, and then the chemical composition and characteristics of the raw materials used are examined. The resulting products are made of aluminosilicate waste, and their strength lies in the ability to withstand enormously high temperatures – from 1,550 to 1,760°C. Thermal aggregates with high operating temperatures are one of the ways of applying such materials, but they are also used to make channels for transporting metals in the liquid phase. The company also produces thermal insulation plates from refractory materials that produce continuous cast iron. These products can be re-used in foundries and in thermal power plants, ironworks and other industries that work at such high temperatures.

Prepared by: Milica Vučković

Read the story in the new issue of the Energy portal Magazine RENEWABLE ENERGY SOURCES

2023 Champions of the Earth award to celebrate pioneering efforts to end plastic pollution

Foto-ilustracija: Plastic ocean photo created by jcomp - www.freepik.com
Foto-ilustracija: Pixabay

The United Nations Environment Programme (UNEP) will announce next week the five winners of the 2023 Champions of the Earth award, the UN’s highest environmental honour.

The award, now in its 19th year, recognizes pioneering leaders from government, civil society, academia, and the private sector for their transformative impacts on the natural world.

This year’s awards will honour innovators and initiatives that are helping to tackle plastic pollution, which UN Secretary-General António Guterres recently warned is having “catastrophic” consequences on the planet.

The laureates will be announced on 30 October 2023, ahead of the third session of the Intergovernmental Negotiating Committee, which is developing a legally binding international instrument to end plastic pollution.

In 2023, UNEP received 2,500 nominations for the Champions of the Earth award, marking the third consecutive year in which nominations have reached a record high.

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Innovative solutions

Plastic has transformed everyday life and provided many benefits for society. But humanity now produces around 430 million tonnes of the material annually, two-thirds of which quickly becomes waste.

Each year, 19-23 million tonnes of plastic waste leaks into aquatic ecosystems, polluting lakes, rivers and seas. Research shows that, if current practices continue, plastic could emit 19 per cent of global greenhouse gas emissions allowed under the most ambitious Paris Agreement target by 2040. Chemicals in plastic have been linked to health problems in humans.

To counter this crisis, experts say the world must reduce plastic production, eliminate short-lived and single-use plastics, accelerate reuse systems, switch to environmentally friendly alternatives, improve recycling and adopt a life-cycle approach to plastic pollution.

This year’s Champions of the Earth are doing many of those things.

“People around the world are stepping forward with innovative ways to end plastic pollution and improve the health of the planet. The Champions of the Earth are leading that push,” said Sheila Aggarwal-Khan, Director of UNEP’s Industry and Economy Division. “They give us hope that solutions to plastic pollution exist and remind us that safeguarding nature is key to achieving sustainable development.”

Making a difference

The Champions of the Earth award will celebrate visionaries in four categories: Policy Leadership, Inspiration and Action, Entrepreneurial Vision and Science and Innovation.

To date, 111 laureates, including heads of state, grassroots activists, ecopreneurs, captains of industry and pioneering scientists, have been honoured as Champions of the Earth. Last year’s laureates include economist Sir Partha Dasgupta from the United Kingdom, environmental activist Cécile Bibiane Ndjebet from Cameroon, biologist Purnima Devi Barman from India, conservationist Constantino Aucca Chutas from Peru and arcenciel, a non-profit from Lebanon.

UNEP coordinates and hosts the Champions of the Earth award. UNEP’s reputation as the global, non-partisan authority on environmental issues is built from 50 years of ground-breaking scientific research that informs global environmental policy.

Source: UNEP

MENA’s Transforming Role in an Evolving Energy Landscape

Foto-ilustracija: Pixabay (SailingOnChocolateRoses)
Photo-illustration: Freepik (freepik)

The Middle East and North Africa (MENA) region has been leading fossil fuel production for decades, creating tremendous economic growth.

However, fossil fuel-driven growth has proven to be unsustainable for both people and planet.

As the climate action clock ticks, and with the global community in a race to curb carbon emissions, the MENA region is redefining its role within an evolving energy landscape – one in which fossil fuels inevitably play a diminishing role.

Today, even without subsidies, solar and wind power stand cost-competitive with fossil fuels and have emerged as the preferred choices for new power generation. In fact, renewables accounted for 86 percent of all new power generation in 2022.

This trend is not merely set to continue; it is accelerating significantly, extending even beyond the power sectors.

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For MENA countries, transitioning to a renewables-based energy system offers a pathway to simultaneously meet growing energy demand, promote economic growth, maximise socio-economic benefits, and achieve decarbonisation objectives.

Recognising this, Gulf Cooperation Council (GCC) countries are far from standing idle. In a strategic shift towards enhanced climate ambition, nations including Bahrain, Kuwait, Oman, Saudi Arabia, and the UAE have embraced net-zero emission targets.

According to IRENA’s World Energy Transitions Outlook 2023 (WETO), global renewable power capacity must triple from approximately 3,000 GW to just over 11,000 GW by the year 2030.

Photo-illustration: Pixabay

The world is seemingly aligning to meet this objective with G7 countries, adopting IRENA’s targets for the group, and more recently, G20 countries, including the Kingdom of Saudi Arabia, echoing IRENA’s global goal to triple renewable energy capacity in New Delhi.

Nonetheless, the goal to triple renewable energy capacity is not confined to these nations alone; it is a global target that requires concerted efforts at the regional level to ensure that all countries are adequately represented and involved.

As an important milestone in the lead-up to the 2023 United Nations Climate Change Conference (COP28) in Dubai, MENA Climate Week in Riyadh stands as a significant opportunity to cultivate regional unity across the MENA region and drive coordinated action, with an eye toward forging a global consensus at COP28.

Recently, the UAE has embraced this level of ambition, pledging to triple its own renewable energy capacity by 2030. This endeavour is particularly noteworthy as the country prepares to host COP28, reflecting a genuine commitment to leading by example.

Building political momentum and commitment is a critical first step, but it is just the beginning. Everything, from our communities and energy frameworks to our everyday lives, is anchored in the current energy system. Yet, this has to change.

We need the courage to create a new reality and translate pledges into projects and actions.

IRENA’s WETO envisions three pillars that will form the foundation for a way forward.

First, building the necessary infrastructure and investing at scale in grids, via both land and sea routes, to accommodate new production locations, trade patterns, and demand centres.

Photo-illustration: Pixabay

Due to its abundance of low-cost renewable power and a strategic geographical location near Europe and Asia, the MENA region possesses a competitive advantage in becoming a key green hydrogen hub. Developing a system that cultivates and amplifies this potential will be crucial for the region.

In this regard, it is vital that International Financial Institutions and Multilateral Development Banks strategically prioritise their resources to maximise impact, especially in enhancing the region’s physical infrastructure, to encourage the scaling up of private investments.

Secondly, ambitious targets must be followed by effective policies and regulations that encourage investments. Fossil fuel investments in the Middle East are still significantly higher than renewable energy investments, indicating an urgent need to align financial flows with ambitious climate targets.

Although fossil fuels will inevitably remain a part of the energy mix for some time, their share must dramatically decrease as we approach mid-century.

The third priority is developing the necessary institutional capacities to help ensure that skills and capabilities match the energy system we aspire to create. This is crucial not only for a just transition but also for ensuring a workforce is ready for a new system.

Oil-importing economies in the MENA region exhibit higher levels of youth unemployment, necessitating extensive training, education, and capacity building.

Concurrently, oil-exporting countries will require deliberate policy attention to retrain workers and forge new employment opportunities by cultivating local industries and manufacturing, thereby replacing roles once sustained by the previous energy sectors.

Having hosted COP27 in Egypt last year, and with COP28 set to take place in Dubai later this year, the MENA region possesses a unique opportunity. It can ensure the emerging energy system not only accommodates but also capitalises on the region’s abundant renewable energy potential and strategic geographical proximity to major global markets, thereby securing its position in an evolving energy landscape.

The path forward, while demanding extensive planning, investment, and collaboration, unveils a promising future wherein development is inclusive and beneficial, safeguarding the interests of all nations and future generations.

Source: IRENA

Electricity and gas prices stabilize in 2023

Foto-ilustracija: Unsplash (American Public Power Association)
Photo-illustration: Pixabay (Magnascan)

After a significant increase in prices that started before the Russian invasion of Ukraine, but skyrocketed through the second semester of 2022, electricity and gas prices are stabilizing. The prices of energy rose due to an increase in the price of natural gas, which is considered the marginal fuel. This happened because the imports from Russia decreased, and other importers were sought. The energy market is priced after the marginal fuel, which means that the price of natural gas affects the prices of the electricity market. Mechanisms were constructed to alleviate the pressure on consumers, and one of these were subsidies.

In the first half of 2023, average household electricity prices in the EU continued to show an increase compared with the same period in 2022, from 25.3 euros per 100 kWh to 28.9 euros per 100 kWh. Average gas prices also increased compared with the same period in 2022, from 8.6 euros per 100 kWh to 11.9 euros per 100 kWh in the first half of 2023. These prices are the highest recorded by Eurostat.

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The price without taxes on electricity and natural gas is decreasing. The countries, in part, withdraw their support measures. As a result, the final customer prices with taxes are slightly higher than the previous reference period.

Compared with the first half of 2022, in the first half of 2023 the share of taxes in electricity bills dropped from 23 percent to 19 percent (-4 percent) and in the gas bill from 27 percent to 19 percent (-8 percent), with all EU countries having in place governmental allowances and subsidies or reducing taxes and levies to mitigate high-energy costs.

This information comes from data on electricity and gas prices published recently by Eurostat. The article presents a handful of findings from the more detailed Statistics Explained articles on electricity prices and natural gas prices.

Electricity prices rose in 22 EU countries in the first half of 2023

Data also show that household electricity prices increased in 22 EU countries in the first half of 2023 compared with the first half of 2022. In national currency, the largest increase (+953 percent) was reported in the Netherlands. This increase is related to several factors: tax relief measures from 2022 were not continued in 2023 and at the same time, energy taxes on electricity doubled for households. A price cap will be incorporated and this will lower the prices at all levels quite significantly in 2023. Large increases in national currency were also registered in Lithuania (+88 percent), Romania (+77 percent) and Latvia (+74 percent).

Large decreases in national currency were registered in Spain (-41 percent), followed by Denmark (-16 percent). Smaller decreases were reported in Portugal (-6 percent), Malta (-3 percent) and Luxembourg with close to 0 (-0.4 percent).

Expressed in euro, average household electricity prices in the first half of 2023 were lowest in Bulgaria (11.4 euros per 100 kWh), Hungary (11.6 euros), and Malta (12.6 euros) and highest in the Netherlands (47.5 euros), Belgium (43.5 euros), Romania (42.0 euros), and Germany (41.3 euros).

Gas prices rising in almost all EU members

Between the first half of 2022 and the first half of 2023, gas prices increased in 20 out of the 24 EU members that report gas prices.

Gas prices (in national currencies) surged the most in Latvia (+139 percent), Romania (+134 percent), Austria (+103 percent), the Netherlands (+99 percent) and Ireland (+73 percent). At the other end, were Estonia, Croatia and Italy which registered decreases between -0.6 percent and -0.5 percent, while in Lithuania the price remained unchanged.

 Expressed in euro, average household gas prices in the first half of 2023 were lowest in Hungary (3.4 euros per 100 kWh), Croatia (4.1 euros) and Slovakia (5.7 euros) and highest in the Netherlands (24.8 euros), Sweden (21.9 euros), and Denmark (16.6 euros).

Source: EUROSTAT

Sustainability is driven by consumers

Photo-illustration: Pixabay (Gerd Altmann)
Photo: Horváth consulting

“European companies view sustainability from the perspective of guaranteed long-term income growth, and they believe that a sustainable product can bring them an additional income of as much as 23 per cent (on average) since consumers are increasingly opting for such brands and products. Regardless of the fact the focus on this topic can lead to cost reduction and significant savings, in non-EU countries, the general awareness of ESG is lower compared to the EU Member States”, Robert Ćuzela-Piljac, Business Development Manager for Adria and the Balkan region at Horváth Consulting, says at the beginning of the interview for Energy Portal magazine.

These are just some of the conclusions of a study conducted by the international consulting company Horváth, which specializes in ESG consulting. 35 European companies from Switzerland, Germany and Austria took part in the study. These companies combined employ over a thousand people, generating revenues of over three billion euros. The study also confirmed that sustainability is one of the biggest challenges, especially in setting, defining and measuring ESG goals. Speaking about the situation in our region and Serbia regarding developing and introducing ESG standards, Mr Ćuzela-Piljac explains that, unlike EU countries, Serbia still does not have many binding requirements regarding this topic.

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“Even though the implementation of ESG principles contributes to differentiation from the competition, cost reduction and creates new market opportunities, the general awareness of this topic in Serbia is lower compared to the European Union Member States. Nevertheless, companies that export goods or services to this market attach great importance to it, and many of them have already implemented various initiatives in this segment. One of these is appointing persons who deal exclusively with this topic. Their focus is on the planning and implementation of ESG standards in the companies for which they work,” he points out.

Mr Ćuzela-Piljac adds that companies should keep in mind that all parties see huge potential for growth and profitability through improved sustainability.

“According to our studies, 50 per cent of all participants see the potential for generating more revenue in existing markets, which could be achieved through competitive advantage and/or prices, 11 per cent (on average). On the other hand, 60 per cent of participants expect a sustainable product portfolio to lead to the opening of new markets or segments. It can also potentially increase revenue by up to 23 per cent on average. The fact that 40 per cent of the participants estimate and expect that sustainability can contribute to reducing costs by up to 7 per cent is particularly significant,” he says.

Horváth Consulting

Read the story in the new issue of the Energy portal Magazine RENEWABLE ENERGY SOURCES

Open Science Conference: We need dramatic climate action to meet unprecedented challenges

Photo-illustration: Pixabay
Photo-illustration: Pixabay

Climate change impacts are becoming increasingly severe, posing unprecedented challenges. Dramatic climate action is needed to limit global warming, requiring unprecedented societal transformations to sustain the future of life on Earth, a major international scientific conference was told today.

More than 1,400 scientists, politicians, policy-makers, intergovernmental agencies and Non Governmental Organizations are participating in the World Climate Research Programme (WCRP) Open Science Conference in Kigali, Rwanda.

The five-day hybrid event will hear dozens of presentations from the world’s leading experts on issues including: rapid and/or irreversible changes in the climate system; impacts on food security and water availability; urban health; the carbon and water cycles; global energy budget; regional climate change; global and regional monsoons; extreme events; climate interventions; climate services, models and predictions and more.

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“This once-in-a-decade event comes at an extraordinarily critical time in the history of Planet Earth, where the impacts of climate change are being felt every day around the world, in the oceans and on the land, from the Arctic to the Antarctic,” said conference co-chair Helen Cleugh.

For more than four decades, the WCRP has coordinated research which unequivocally concludes that humans are changing the Earth’s climate. Through advances in climate science, we can now project plausible future climates and the consequences, said Prof. Cleugh.

“Society must cope with ongoing changes and their impacts: the emergence of complex risks, including drought, heavy rain and flooding, heatwaves, extreme fire weather, other weather and climate extremes often occurring at the same time,” said Detlef Stammer, the other co-chair.

The reasons for this year’s unprecedented spikes in temperature increases in the atmosphere and the ocean are still being investigated. But they illustrate the complexity and connectivity of the climate system, and the urgent need for find sustainable solutions based on understanding of the entire Earth system, he said.

“A giant leap is required by societies embarking on a new path to a sustainable world. It requires that we fundamentally reconfigure our economies, energy, food and health systems so that they work for both people and the planet,” said Prof. Stammer.

Photo-illustration: Unsplash (Sergey Pesterev)

Global South

The conference is hosted by the Rwanda Environment Management Authority (REMA) on behalf of the Government of Rwanda and the University of Rwanda, from 23 to 27 October 2023 in Kigali. It includes a 2-day symposium run for and by early and mid-career scientist, before and after the main event.

It is the first time the conference takes place in Africa – a continent which has done little to contribute to climate change but bears a disproportionate burden.

Africa is experiencing higher temperatures, heatwaves, heavy rains, floods, tropical cyclones, prolonged droughts, desertification, and stronger cyclones. ​This has devastating impacts on communities, with serious health and economic implications involving displacement, migration, water shortages and food crises.

“Climate change is a fact. It is not a hoax. In Rwanda we are victims of climate change. Last May we had floods that killed more than 130 people in one night,” said Environment Minister Jeanne d’Arc Mujawamariya.

“Our policy should be a science-based policy, informed by research,” she said.

United Nations Deputy Secretary-General Amina Mohamed said the Open Science Conference would be crucial to identify key breakthroughs in climate science and research and to ensure that they benefit everyone, including the Global South,

“Weather, climate and water sciences provide the basis for climate action and can supercharge progress towards the sustainable development goals across the board,” she said in a video message to the opening plenary.

African and Least Developed countries are priorities for the global Early Warnings for All initiative, which seeks to ensure that everyone on Earth is protected by life-saving early warnings by the end of 2027, said WMO Secretary-General Petteri Taalas.

The initial investment of 3.1 billion US dollars will yield massive benefits. Early warnings are part of coordinated climate change adaptation policies, which must be based on skilfull predictions and include an understanding of complex risks, including all weather and climate extremes, that may be compounding in nature​.

“The nexus of science and technology and climate action is a crucial point of concerted action needed to mitigate impacts of climate change. We need a powerful alliance of science, research and technology to inform policy on climate action,” said Macharia Kamau of the International Science Council.

The Open Science Conference will conclude on 27 October with the Kigali Declaration which will be forwarded to inform the COP28 climate negotiations in Dubai.

More details from WMO opening press release here

Source: WMO

Inside a research centre tracking the fallout from the climate crisis

Photo-illustration: Pixabay
Photo-ilustration: Unsplash (Chris Gallagher)

The past few months have been another stark reminder that the climate crisis is getting worse.

Wildfires devastated Hawaii, Canada, and the Canary Islands. Antarctic Sea ice reached its lowest extent since records began in 1978. Multiple ocean heatwaves baked the world’s seas and June, July, August and September all broke monthly temperature records.

One United Nations Environment Programme (UNEP) centre monitoring these events is the Global Resource Information Database – Geneva (GRID-Geneva). Set up in 1985, it is a partnership between UNEP, the Swiss Federal Office for the Environment and the University of Geneva.

With a team of 22 environmental data scientists, GRID-Geneva’s main role is to transform often complex data from multiple sources into accessible information to support the decision-making process related to environmental issues, with a focus on early warnings for environmental disasters.

With the climate crisis intensifying, GRID-Geneva’s work is set to become even more important in the coming years. As UNEP’s Emissions Gap Report 2022 highlighted, current climate policies will result in a 2.8°C temperature rise by the end of the century. This would lead to a large increase in environmental disasters across the world, says Pascal Peduzzi, GRID-Geneva’s Director.

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The centre is focused on translating complex data into information that is understandable and actionable. “Most people say they need data, but if you bring them raw data, they don’t know how to deal with it,” says Peduzzi. “So we transform that raw data into graphs and maps and things that people can relate to.”

The centre is connected to 70 data providers—everyone from NASA to the World Glacier Monitoring Service. That network allows it to track global temperatures, forest fires, atmospheric carbon dioxide levels, and sea ice extent, among other markers of climate change. It also tracks a range of other environmental threats, including those linked to nature loss.

GRID-Geneva’s scientists process satellite imagery using remote sensing software, create models from geospatial data using geographical information systems, and generate interactive maps and graphs for automatic updates.

This information is fed into a website, the World Environment Situation Room, which policymakers and the public can access.

As the technology has improved—and expanded to include artificial intelligence—the amount of data that can be processed and interpreted has grown exponentially.

“With our 70 data providers, we don’t have to go in every day and download data,” says Peduzzi. “Their servers are connected to our database, so we get automatic updates, which are reflected in our maps.”

GRID-Geneva not only presents data, but can offer policy recommendations as well, making impact assessments and presenting these to policy makers.

Photo-illustration: Pixabay

An example of this was the work GRID-Geneva did on sand extraction, an issue that had long flown under the radar.

Globally, humans consume 50 billion tonnes of sand a year, with the material finding its way into everything from buildings to roads. But sand is often dredged from the ocean, a process that sterilizes the bottom of the sea by crushing the microorganisms that feed fish, Peduzzi says.

GRID-Geneva produced a report on sand extraction in 2014, which, Peduzzi says, led to significant media interest. In 2019 and 2022, two other reports were produced, showcasing the damaging effects of dredging.

Last year at the United Nations Environment Assembly, the world’s highest-level decision-making body on the environment, a resolution was adopted stating that GRID-Geneva should “strengthen scientific, technical, and policy knowledge with regard to sand and to support global policies and action regarding the environmentally sound extraction and use.”

Peduzzi says the centre’s goal is to ensure its data is based on solid science and the process is accurate. Then that data is presented to Member States, who will, hopefully, take action.

“We are connectors,” Peduzzi says. “We are the link between the scientific data providers and governments.”

Source: UNEP

Cosmetics with a splash of nature

Photo: Royal Balm
Photo: Royal Balm

The cosmetics industry imposes new beauty standards on the consumer society in order to then compete with their competitors in fulfilling these new and imposed demands of the same society. In this vicious circle, the true value of beauty imbued with health has been dropped somewhere, just like its prerequisite – a healthy nature. In the catalogue of aesthetic brands, one cosmetic brand with a generous splash of health and nature stands out with its bright green frame – Royal Balm. With knowledge, love and the support of her lifelong companion, Katarina Milosavljević harvests the fruits of the Rtanj Mountain, processes them and brings them to our homes.

The decision to embark on production was inspired by the desire to find the right natural cosmetics for herself and her family. Ten years ago, the market offer was inadequate, to say the least, and the products called “natural“ had very poor composition. Encouraged by this, Katarina started searching for oils that would improve the quality of cosmetic products.

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From early childhood, she learned from her grandmother about medicinal plants, which eventually became her love and hobby. This opportunity to absorb knowledge from a young age proved to be very important to her because, as she says, it is not easy for a city dweller to become a farmer as well, as these skills are acquired throughout life, and children learn them from birth.

However, it took her a lot of patience and effort to upgrade and perfect the basic knowledge – learning everything about the care of each plant her family grows. An additional challenge was to find top-quality, clean ingredients.

Photo: Royal Balm

When she started this search, she realized that the best solution was to find land where they could plant plants themselves and get the best quality raw materials from them.

Today, their plantation spans two hectares of land, where they grow immortelle, lavender, yarrow, sage, St. John’s Wort, calendula, and comfrey. At the same time, they are thinking about growing a new type of plant species that will greatly contribute to their skincare line. The production also involves cold-pressed organic oil, which they do not produce but procure from verified producers.

Explaining the production process, Katarina says that it takes time and a lot of effort. Part of the plants are distilled, and the other part is crushed, followed by extraction in cold-pressed oil. Then comes straining and filtering the oils after maceration, and only then are they ready for use and product preparation.

The Royal Balm brand offers five types of moisturizers divided according to skin type and three types of serums and tonics. Furthermore, they produce five types of hydrolats, four essential oils, two special oils and seven salves. Due to the content of essential oils, Royal Balm cosmetics also have aromatherapeutic properties. Thanks to a diverse combination of ingredients, each product has a special herbal scent, so using perfumes in the composition is unnecessary.

Prepared by: Katarina Vuinac

Read the story in the new issue of the Energy portal Magazine RENEWABLE ENERGY SOURCES

EU packaging waste generation with record increase

Photo-illustration: Unsplash (Harper Sunday)
Photo-illustration: Unsplash (Zuzanna Szczepańska)

From parcels for online purchases to coffee-to-go cups, packaging is almost everywhere. In 2021, the EU generated 188.7 kg packaging waste per inhabitant, 10.8 kg more per person than in 2020, the biggest increase in 10 years, and almost 32 kg more than in 2011.

In total, the EU generated 84 million tonnes of packaging waste, of which 40.3 percent were paper and cardboard. Plastic represented 19.0 percent, glass 18.5 percent, wood 17.1 percent and metal 4.9 percent.

In 2021, each person living in the EU generated an average of 35.9 kg of plastic packaging waste. Out of this, 14.2 kg were recycled. Compared with 2020, both plastic packaging waste generation and recycling increased: generation increased by 1.4 kg per capita (+4.0 percent) and recycling by +1.2 kg per capita (+9.5 percent).

Between 2011 and 2021, the amount per capita of plastic packaging waste generated increased by 26.7 percent (+7.6kg/per capita). The recycled amount of plastic packaging waste increased over the same period by 38.1 percent (+3.9 kg/per capita).

This information comes from data on packaging waste published by Eurostat today. The article presents a handful of findings from the more detailed Statistics Explained article.

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Plastic packaging recycling rate up to 39.7 percent in 2021

Following stricter rules, implemented in 2020 for Member States to report their recycling, the recycling rate shifted from 41.1 percent in 2019 to 37.6 percent in 2020. In 2021, the recycling rate was back to an increasing path, marking 39.7 percent.

In 2021, Slovenia (50.0 percent), Belgium (49.2 percent) and the Netherlands (48.9 percent) recycled half, or almost half, of their plastic packaging waste generated. In contrast, less than one-quarter of plastic packaging waste was recycled in Malta (20.5 percent), France (23.1 percent) and Sweden (23.8 percent).

Source: Eurostat

MT-KOMEX and Fronius are partners for the future

Photo: EP

The MT-KOMEX Company is an expert and reliable partner in the construction of solar power plants. Their well-coordinated and reliable team has worked on more than 200 projects in this field so far while using the best equipment in the market on every one of these projects.

This is the reason why MT-KOMEX has been cooperating with the Fronius Company, which produces one of the best inverters in the market and has been Fronius’ official distributor and partner for seven years.

Miloš Kostić, Director of the MT-KOMEX Company, attended the official commissioning of the new Fronius factory.

“We are long-term partners with a company that produces the best inverters in Europe. Thanks to the new factory, Fronius will now produce over 7,000 megawatts annually, instead of the previous 3,400″, said Mr Kostić.

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He added that he also expected an increase in the number of MPP Trackers, as well as greater efficiency.

“MT-KOMEX will continue to use Fronius inverters on all its projects, both on houses and commercial buildings, as well as in ground power plants”, Mr Kostić underlined.

To remind, instead of the previous seven-year warranty, MT-KOMEX now gives a ten-year warranty for all inverters up to 12.5kW. This extended warranty is now applicable to all new Fronius inverters up to 12.5kW if installed after September 1st, 2023.

Energy portal

IRENA Global Atlas Upgrade Enhances Understanding of Countries’ Renewables Potential

Photo-illustration: Freepik (freepik)
Photo-illustration: Pixabay (mrganso)

Since its inception ten years ago, the IRENA Global Atlas for Renewable Energy has been the hub for open-source renewable resource assessment and data sharing. The new version 4.1 marks a significant milestone with substantial upgrade in capabilities and functionalities.

Building upon its previous version 4.0, the Global Atlas 4.1 enhances users’ experience with a more diverse and comprehensive range of datasets, which resulted from a strong collaboration within the resource data and assessment community. The new version offers historical meteorological reanalysis data from the National Aeronautics and Space Administration (NASA) and the European Centre for Medium-Range Weather Forecasts (ECMWF), global agro-ecological zoning version 4 by the Food Agriculture Organisation (FAO), and global pumped hydro energy storage by the Australian National University (ANU).

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The 4.1 version offers advanced functionalities for more efficient data screening and retrieval. It also includes country-specific resource statistics and zones for investment opportunities for solar photovoltaics and onshore wind project development in several countries in Africa, Latin America and Southeast Asia, with more countries to add next year.
With such zonal techno-economic attributes, the zoning assessment components will support energy planners and modellers, as well as aid countries in planning projects and setting their renewable energy development targets.

Foto-ilustracija: Pixabay (SailingOnChocolateRoses)

Opening the launch webinar of the Global Atlas version 4.1, IRENA Director-General, Francesco La Camera emphasised how global access to data is essential in ensuring that the renewable energy targets set by countries are substantive and achievable. In that regard, he said, “The Global Atlas functions as a valuable online platform for assessing renewable energy opportunities and acquiring a thorough understanding of a region or nation’s renewable energy potential. It promotes data sharing and advances the deployment of all forms of renewable energy.”

The Global Atlas has been instrumental in propelling renewable energy initiatives forward. Activities stemming from the Global Atlas for Renewable Energy initiative have assisted two regions in identifying prime project zones, facilitated site-specific evaluations for over 150 large-scale projects in 13 countries, and enabled 20 cities to evaluate the technical feasibility of rooftop solar PV installations. These achievements span regions like the Gulf countries, Latin America, Sub-Saharan Africa, and Small Island Developing States.

Moderating the webinar, Rabia Ferroukhi, Director of Knowledge Policy and Finance, said, “The notable progress of this initiative underscores IRENA’s dedication to enhancing and addressing the evolving needs of its members as they transition towards a sustainable energy future.” She also expressed her appreciation to all of the data providers and contributors to the platform.

Uniting a worldwide network of over 40 contributors, involving research institutions, private enterprises, and international organisations, the initiative highlights the importance of international collaboration in resource assessment. Furthermore, data providers are encouraged to actively engage and contribute to this collaborative effort, ensuring that the platform remains a dynamic and invaluable resource for a sustainable energy future. See the new version of IRENA Global Atlas here.

Source: IRENA

COOPERATION BETWEEN CEEFOR ENGINEERS AND GERMAN EXPERTS IN THE FIELD OF RES

Photo: GIZ
Photo: GIZ

The engineers of the Ceefor company, in cooperation with the company GOPA – International Energy Consultants (Intec), participated in the organization of a study trip to Germany as part of the project Promotion of renewable energy sources and energy efficiency in Serbia, which is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in partnership with the Ministry of Mining and Energy of the Government of the Republic of Serbia, and as part of the program of German development cooperation in Serbia.

The project aims to encourage the use of renewable energy sources (RES) in Serbia, representing its great potential to produce electricity and heat and contribute to the green energy transition. The attention is primarily focused on prosumers, that is, solar power plants in households, residential communities, and public and private buildings for supplying their consumption, which deliver surpluses back to the grid. Through cooperation with relevant institutions and organizations, the implementation of the project is carried out by raising awareness of the advantages of solar energy, then by improving the legal and technical framework for the use of RES, as well as strengthening the capacities of relevant target groups, which include representatives of institutions in the field of energy policy, experts from the power industry system, energy managers, the education system, teachers and professors, as well as the civil sector and the media.

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The participants of the study visit were representatives of the Ministry of Mining and Energy, the Energy Agency of the Republic of Serbia, Elektrodistribucija, Elektroprivreda Srbije, energy cooperative Elektropionir, as well as energy managers from five local governments and respected representatives of secondary technical schools and universities.

Ceefor company engineers had the opportunity to participate in lectures and exchange experiences with colleagues from Serbia and Germany as co-organizers of the study trip.

Photo: GIZ

Ceefor engineers have many years of experience in renewable energy sources and energy efficiency, and this was an opportunity to widen their horizons further.

On the first day, through a presentation, they presented the possibility of acquiring the status of prosumers and their position in Serbia, talking about the regulatory framework and procedures, types of contracts and account clarifications, then about return on investment and profitability for different types of prosumers. They also talked about prosumers in the countries of the European Union and the applicability of examples of good practice in Serbia. The first day was concluded with a discussion about the procedures for connecting to the network and obtaining the status of prosumer in Serbia, as well as about the possibility of simplifying the procedure based on a comparison with the practice in the countries of the European Union.

On the second day, our engineers had the opportunity to listen to lectures by German experts in the field of RES, who spoke about the special conditions for renewable energy sources, and then the compliance and certification process. They also discussed innovations in the field of checking the process of connecting to the network, automating the processing of requests, and future network management and monitoring.

The third day was reserved for a visit to the production facilities of the SMA company, where the entire portfolio was presented to them, from the first inverter to today’s solutions that contain all the elements for the construction of modern solar power plants, i.e. both off-grid and on-grid solutions. Also, they had the opportunity to attend and see what assembling all the elements of inverters from 3 kW to 160 kW looks like.

Prepared by: Katarina Vuinac

Read the story in the new issue of the Energy portal Magazine RENEWABLE ENERGY SOURCES

Conference ‘’Transport and logistics: In the heart of the Economy’’, October 26th in Belgrade

Photo-illustration: Freepik (wirestock)
Photo-illustration: Freepik (bearfotos)

The conference ‘’TRANSPORT AND LOGISTICS: IN THE HEART OF THE ECONOMY’’ will take place on October 26th, 2023, at 10:00 a.m., at the Serbian Chamber of Commerce, Resavska 13 – 15, Belgrade.

Structured as an interactive and dynamic dialogue, the 2nd annual conference, aims to offer innovative solutions and new strategies but in the same time identify critical issues related to transport and logistics sector such as: the impact of global economic-geopolitical trends and search for a unique strategy footprint, development of agile and resilient supply chain strategies, reducing CO2 emissions – The Green Deal, facing current challenges: from increased operating costs in logistics to the explosive growth of e-commerce, visions for the future of Women in logistics, pursuing digital initiatives and new AI mechanism, efforts to support regional economic integration with a focus on possible trade and transport facilitations.

Participans include official representatives of the World Bank, Ministry of Construction, Transport and Infrastructure of Serbia, Ministry of the Sea, Transport and Infrastructure of Croatia, Customs Administration of Italy, Custom Administration of Serbia, Italian National Association of Transport companies, Slovenian Association of Transport Companies, Port of Rijeka, Slovenian Railways Freight Transport SŽ – Tovorni promet, and Croatian Railways, directors of leading transport companies such as MSC Global Shipping Company, Moller Maersk Group, Dragon Maritime Group, Transfera, Fercam, Intereuropa AD, Nelt, Samer & Co. Shipping, Metrans Grupa, Srbija Kargo, Milšped, but also IMLEK, Ananas, as well as numerous supply chain experts, local and foreign industry representatives.

The conference is organized jointly by the Association of Italian Industrialists – Konfindustrija Srbija, the Chamber of Commerce of Serbia, the Slovenian Business Club and the Croatian Chamber of commerce.

Click here to donwload the conference AGENDA.

By participating you will gain valuable insights from industry experts to better navigate the constantly evolving transport and logistic landscape

Don’t miss this opportunity!

Click on the link to register.

Source: Confindustria Serbia