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Support for Fossil Fuels Almost Doubled in 2021, Slowing Progress Toward International Climate Goals, According to New Analysis From OECD and IEA
Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance long standing pledges to phase out inefficient fossil fuel subsidies...
EBRD Provides USD 127 Million Loan to Turkey’s Isbank
The European Bank for Reconstruction and Development (EBRD) is providing USD 127 million in new funding to Isbank for on-lending to women-led businesses and to facilitate Turkey’s transition to a green economy.
The...
ABB and Hydrogen Optimized Expand Hydrogen Partnership, Including a Strategic Investment
ABB and Hydrogen Optimized Inc. (HOI), the Canadian technology innovator unlocking green hydrogen production at scale, have signed an agreement to expand the companies’ existing strategic relationship. This includes an investment by...
Historical success – Nepal doubled the number of wild tigers
WWF is delighted to congratulate Nepal for successfully doubling its tiger population to an estimate of 355 individuals - an increase of more than 190 per cent since 2009. Those are the...
EBRD Supports Small Businesses and Female Entrepreneurs in Kosovo
The European Bank for Reconstruction and Development (EBRD) is backing women entrepreneurs and small businesses in Kosovo with a new financing package to Agency for Finance in Kosovo (AFK), a microfinance institution.
Some...
We are not Alone on the Path to Green Transformation
Less developed countries are torn between the struggle to preserve energy stability and the domestic economy on the one hand and the pressures imposed by the global energy transition on the other....
Montenegro Introduces Auctions for Renewable Energy Sources
Montenegro plans to increase the share of renewables in its energy mix with a comprehensive programme of renewable energy auctions that will bring private investment into the sector.
The European Bank for Reconstruction...
EBRD to Invest in Lamda’s Green Bond in Greece
The European Bank for Reconstruction and Development (EBRD) has successfully participated in a green bond issued by Lamda Development in Greece, investing 20 million euros in the total 230 million euros offering.
Lamda...
Global Energy and Climate Leaders Meet in Sydney to Strengthen Clean Energy Technology Supply Chains
Global energy and climate leaders are meeting this week at the Sydney Energy Forum, which is co-hosted by the Australian Government and the IEA, to discuss how to scale up and strengthen...
ABB Opens Global Innovation And Training Campus For Machine Automation At B&R In Austria
ABB opened its new global innovation and training campus at the headquarters of B&R in Eggelsberg, Austria, its global center for machine and factory automation. The new campus will create up to...
How to Create Favorable Environment for Investment and Innovation?
More than 30 years ago, an international financial institution was established in the British capital, whose main goal was to support the transition from a centrally planned economy to an open market...
No Basis To Classify Lithium As Hazardous, Industry Groups Say
Electric vehicle battery material lithium should not be classified as a hazardous substance by the European Union because the scientific evidence on which the proposal is based is weak, seven industry groups...
New EIB-EBRD-WB Enterprise Survey: Are Companies In The Western Balkans Prepared For Another Crisis?
Russia’s invasion of Ukraine and its economic fallout come just as firms in the Western Balkans are recovering from the COVID-19 shock. Today’s presentation “Business resilience in the Western Balkans at times...
ABB E-mobility Opens Its Largest DC Fast Charger Production Facility In Italy
ABB E-mobility has today strengthened its position as the world leader in EV charging solutions with the opening of the company’s largest DC fast charger production site to date - the E-mobility...
Global Energy Crisis Shows Urgency Of Accelerating Investment In Cheaper And Cleaner Energy In Africa
Today’s crippling spikes in energy prices underscore the urgency and the benefits for African countries of accelerating the scale up of cheaper and cleaner sources of energy, the IEA says in a...
EBRD, Sweden and Banca Intesa Boost Women Entrepreneurs in Serbia
The European Bank for Reconstruction and Development (EBRD) is extending an EUR 8 million loan to Banca Intesa Belgrade in Serbia. The financing, which Sweden is backing with grants and technical assistance,...
