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Is the ‘G’ Element in the ESG Concept Unjustifiably Neglected?

Photo-illustration: Pexels
Photo: Courtesy of Milica Pešterić

When analyzing individual ESG elements, the ‘G’ element is often overlooked due to the emphasis on climate risks, social implications and other ‘E’ and ‘S’ factors. In light of the growing recognition of global diversity and income disparity, corporate governance is emerging as a key component of the ESG concept.

The ‘G’ element includes decision-making factors, from policy-making by sovereign states to the distribution of rights and responsibilities between the various governing bodies of companies, including boards, managers and shareholders. These management factors include rules and procedures for states and companies, allowing investors to explore appropriate management practices, much as they do for environmental and social factors.

In focus:

Management composition, inclusiveness and diversity

Gender diversity and equality is one of the key issues of corporate governance, with many investors demanding greater representation of women on boards and executive leadership and equal compensation and advancement opportunities for women. More and more companies highlight the financial benefits of creating inclusive workplaces to increase diversity.

Many studies have shown that companies with more women on boards and executive leadership positions achieve better financial performance than less diverse companies.

A significant contribution to the improvement of gender equality in Serbia could be achieved by implementing the European Union Directive on the promotion of gender equality in the boards of directors of companies, better known as the EU Women on Boards Directive. This directive is a key step towards achieving gender balance in the business sector, encouraging the active participation of women at the highest decision-making levels in companies. With its implementation, Serbia could make significant progress in creating an inclusive business environment that values and supports the contribution of all members of society, regardless of gender.

Foto-ilustracoja: Pexels (Vlada Karpovich)

Currently, the main sources of rules governing corporate governance in Serbia are the Law on Companies and the Law on the Capital Market, which unfortunately still do not contain provisions that would contribute to the facilitation of gender equality in company boards or the provisions that would correspond to the intention of the European legislator.

Corporate governance rules are usually systematized in internal corporate governance codes. Some examples of corporate governance codes in Serbia are those offered by the Chamber of Commerce, which also do not mention or regulate the equal representation of women in companies’ management bodies. Adequate changes to the aforementioned regulations, i.e. their alignment with the rules of the aforementioned directive, could significantly encourage and contribute to the representation of women on boards, which has proven to be a good business practice in terms of all aspects of business, especially more efficient decision-making and achieving better financial results of companies.

The Law on Gender Equality is currently in force in Serbia, which, when it comes to gender representation in company boards, obligates a public body to exercise gender balance. This provision should not be limited to administrative bodies in public services but should also be applied to companies regardless of their legal form.

Milica Pešterić

Read the story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS

Szeged Introduces a Geothermal Energy District Heating System

Photo-illustration: Pixabay
Photo-illustration: Pixabay

The Hungarian Ministry of Construction and Transport recently announced the completion of the project for a new geothermal heating system in Szeged.

According to the Ministry’s announcement, six million euros have been invested in the new facility in the Sziler district. Thanks to the new facility, the city will annually replace 2.2 million cubic metres of natural gas with nearly 20 GWh of geothermal energy.

The municipal district heating company in Szeged currently supplies heat and hot water to over 27,000 apartments and more than 400 public buildings, including schools, kindergartens and retail facilities.

The district heating system in Szeged consists of 16 heating plants and a 250-kilometre-long pipe grid in 23 heating circuits.

This Hungarian city and its surroundings have exceptional hydrogeological potential, but until recently, only natural gas was used for district heating, which resulted in significant carbon dioxide emissions.

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A revision of the National Geothermal Strategy is now underway, which could make geothermal energy a leading sector of Hungary’s green economy.

As announced by the Ministry, the goal of the National Geothermal Strategy is to reduce current domestic energy consumption by a fifth by 2026, and the share of geothermal energy in total heat production should increase from the current 6.5 per cent to between 25 and 30 per cent.

Although the country increased the use of geothermal energy after 2010 by more than four times, the huge potential of this renewable source is a chance for Hungary to get rid of imported natural gas and gain energy independence.

According to the International Trade Administration, Hungary is one of the countries that have committed to achieving net zero emissions by 2050, so by 2030, this country should generate 90 per cent of its electricity and heat from green sources.

Milena Maglovski

Global Warming – Tundras Threatening to Release Stored CO2?

Photo-illustration: Unsplash (hans-jurgen)
Photo-illustration: Unsplash (hans-jurgen)

Tundras are cold regions of the world, biomes with short vegetation, lower trees, and extremely low temperatures, which cover large parts of northern Russia, Scandinavia, Canada, Alaska, and the coast of Greenland.

They can also be found in high mountains such as the Alps, Cordillera and Himalayas, where they are called alpine tundra. The largest continuous area of tundra in the world is still on the territory of Russia, stretching from the western part of Siberia to the Pacific coast.

Although tundras are often less populated areas with diverse landscapes, they play a crucial role in climate change because their soil contains large amounts of carbon in the form of organic material, such as peat.

Because of the low temperatures and the permafrost – the frozen soil whose temperature is constantly below zero – decomposition occurs very slowly. This allows the tundra to function as a large carbon storehouse, preventing its release into the atmosphere.

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Photo-illustration: Pixabay (buchsammy)

However, due to global warming, this permafrost begins to melt, which can lead to the release of large amounts of methane and CO2, exacerbating the greenhouse effect. In addition to being dangerous to the planet and people, these changes also affect the animals that migrate through the tundra and the local communities that depend on these ecosystems.

To better understand how the tundra changes with global warming, a group of scientists from Umea University in Sweden used open chambers – small greenhouses placed directly on the tundra. These chambers block wind and trap heat, mimicking the effects of heating. The results show that, under the influence of warming, the temperature increases by about 1.4 degrees Celsius and the soil temperature by 0.4 degrees, with a decrease in soil moisture. These changes cause the tundra to release more carbon from the soil due to the heightened activity of microbes that break down organic material.

Experiments have also found that the effects of warming are long-lasting and can continue even after temperature changes stabilize. The team of scientists found out that this process takes less time to play out than expected.

Energy Portal

Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030

Photo-illustration: Freepik (wirestock)
Photo-illustration: Unsplash (Mark Merner)

The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of 2.5 times relative to 2023. Alliance members’ joint renewables ambition was announced alongside a grid infrastructure action plan.

The plan, revealed at the 14th Assembly of the International Renewable Energy Agency (IRENA), addresses the pressing need to scale and modernise global grid infrastructure to support clean power development and the tripling of renewables by 2030. According to IRENA, around 720 US dollars billion per year of investment in power grids and flexibility is needed, to limit global warming to 1.5°C.

In a joint, high-level statement, Alliance CEOs stressed the centrality of enabling grid infrastructure and urged the policy and regulatory community to engage industry to address bottlenecks and unlock capital flows.

The UNEZA action plan focuses on three key critical areas:

  • De-risking supply chains.
  • Facilitating policy & regulatory support.
  • Mobilizing capital.

The joint statement and action plan were announced on the 17 April 2024, at the 14th IRENA Assembly Ministerial Roundtable ‘Infrastructure for the Energy Transition: Utilities for Net Zero Alliance’.

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Francesco La Camera, IRENA Director-General, said: “The shift towards a renewables-based energy system is accelerating, and with the adoption of a global goal to triple renewable power capacity by 2030 at COP28, this trend is expected to intensify. IRENA’s WETO shows that this goal will be met only with the modernisation of infrastructure designed for the fossil fuel era to more interconnected and flexible systems that support renewables. The announcement of a grid infrastructure action plan by the Utilities for Net Zero Alliance is a significant step to addressing this urgent need, showcasing the central role that utilities can play in transforming our energy systems and realising net zero targets.”

H.E. Razan Khalifa Al Mubarak, UN Climate Change High-Level Champion, said: “Utilities play a crucial role in delivering mitigation measures that align global development with a net-zero future and are central to a future energy system that is in harmony with nature and the environment. Building on the momentum from COP28, we are advancing the design and implementation of our action plan and call on utilities around the world to join this initiative, showcasing their ongoing commitment to meaningful action.”

Photo-illustration: Freepik (freepik)

Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director, and Co-Chair of the Alliance, said: “The global utilities community is taking bold, decisive steps towards the tripling of renewables by 2030, not just in terms of our concrete investment plans but also in our drive to address energy transition bottlenecks – particularly for grids. It is increasingly recognized that grid infrastructure development is critical to enable the energy transition and expansion of clean power capacity. However, we need to do more across industry and policy to encourage more supply chain capacity, address the gridlock in permitting for grids and increase capital flows.”

Martin Pibworth, Chief Commercial Officer at SSE plc, Co-Chair of UNEZA, said: “Our combined plans for accelerating renewables deployment will go a long way towards achieving our 2030 goal, but we also know that utilities can’t do it alone. We also need to build resilient supply chains that can meet this surge in demand, and we need bold enabling policy and regulatory mechanisms to underpin investments and accelerate the speed at which we can build. That is why we are coming together today to demonstrate our intent to the global supply chain and offer practical, actionable recommendations to policy makers which we hope will help unlock real delivery on the ground and keep us on a pathway to trebling renewables this decade.”

Launched at COP28, UNEZA counts many of the leading global utilities among its membership. Led by the UAE’s TAQA (Abu Dhabi National Energy Company), founding entities also include Bui Power Authority, DEWA, DLO Energy, EDF, EDP, Edison International, E.ON, Enel, Engie, Etihad Water and Electricity, Hitachi Energy, Iberdrola, Jinko Power, KEGOC, KenGen, Masdar, National Grid, Octopus Energy, RWE, Sacremento Municipal Utility District, Schneider Electric, Siemens, SSE, Tenaga, Uniper and Xlinks. Green Grids Initiative and ACWA Power are recent new additions to the community.

The Alliance secretariat is guided and hosted by IRENA and supported by partners including the UN Climate Change High-Level Champions, International Electrotechnical Commission (IEC), Global Renewables Alliance and Coordinador Eléctrico Nacional, Green Grids Initiative.

UNEZA invites companies to join the common vision of accelerating the energy transition. The Membership is open to utilities, developers, power system technology companies and knowledge partners determined to expedite the transition towards a net zero future by 2050.

Source: IRENA

Earth Day: What is it, When is it and Why is it Important?

Foto-illsutration: Unsplash (Miriam Espacio)
Photo-illustration: Unsplash (Joshua Woroniecki)

Earth Day is an international day devoted to our planet. It draws attention to the environment and promotes conservation and sustainability.

Each year on 22 April, around one billion people around the world take action to raise awareness of the climate crisis and bring about behavioural change to protect the environment.

Participation in Earth Day can take many forms, including small home or classroom projects like planting a herb garden or picking up litter. People also volunteer to plant trees, join other ecological initiatives or take part in street protests about climate change and environmental degradation.

Official Earth Day campaigns and projects aim to increase environmental literacy and bring together like-minded people or groups to address issues such as deforestation, biodiversity loss and other challenges.

The global theme for this year’s Earth Day is ‘Planet vs. Plastics’, which recognizes the threat plastics pose to human health and with campaigners demanding a 60 percent reduction in the production of plastics by 2040.

From 23 to 29 April 2024, governments and NGOs from around the world will gather in Ottawa to continue negotiating the terms of the United Nations Global Plastic Treaty.

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Why is Earth Day important today?

As the millennium loomed, the Earth Day movement turned its attention to the growing reality of the impending climate crisis with a clear message for world leaders and business: urgent action is needed to address global warming.

It’s a message that is even more relevant today. The latest report from the Intergovernmental Panel on Climate Change states that without further immediate action to curb greenhouse gas emissions, the world is on course for temperatures 3.2°C above pre-industrial levels by 2100. This level of warming would be catastrophic for the planet and all life on it, including humans.

The year 2023 was the hottest ever recorded.

The World Economic Forum’s Global Risks Report 2024 finds that environmental risks make up half of the top 10 risks over the next 10 years, with extreme weather events, critical change to Earth’s systems, biodiversity loss and ecosystem collapse being the top three.

Nature is our biggest ally in fighting the climate crisis and has slowed global warming by absorbing 54 percent of human-related carbon dioxide emissions over the past 10 years. Yet, we are losing animals, marine species, plants, and insects at an unprecedented rate, not seen in 10 million years. Threats from human activity for food production and ocean use, infrastructure, energy and mining endanger around 80 percent of all threatened or near-threatened species.

Earth Day has become a leading light in the fight to combat climate change and nature loss. As we celebrate its 54th anniversary, we must make use of this truly global movement to act, as citizens and governments, as consumers and businesses, and as individuals and communities. Our survival could well depend on it.

Source: World Economic Forum

New report unveils investment opportunities for solar in Oman

Foto-ilustracija: Pixabay

Photo-illustration: Pixabay

SolarPower Europe, supported by the Global Solar Council (GSC), and the Middle East Solar Industry Association (MESIA), launches its report on solar investment opportunities in Oman.

The report, called “Oman: Solar investment opportunities”, is a new publication that offers key insights into the Omani solar sector, and opportunities for international investment.

“There are no limits to Oman’s potential solar growth, as a country home to abundant natural resources. In an evolving regulatory and legislative landscape, this report aims to make an important contribution to the country’s solar journey”, said Katherine Poseidon, Chair of SolarPower Europe’s Global Markets Workstream, and Head of Strategy, Analytics & Process’ at Voltalia.

This report provides an overview of Oman’s business environment, and major macroeconomic trends, while analysing the regulatory framework and infrastructure network of the country. It maps the Omani energy sector, including the energy mix; key stakeholders and developments; and the policy and legislative framework governing renewable energy generation.

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“Thanks to its high potential for renewable energy and a government very committed to taking a leadership role in the renewable energy sector and green hydrogen production, Oman has all the prerequisites to become a success story of the energy transition and solar development”, said Paolo Travaglini, Head of Area Coordination Renewables Africa, Asia, Oceania at Eni Plenitude and former Chair of SolarPower Europe’s Global Markets Workstream.

This report also updates the Oman chapter of SolarPower Europe’s 2021 report; “Middle East: Solar investment opportunities.” This revision contains the latest economic and political advancements in the country, and credible pathways for Oman to reach net-zero by 2050, following the most recent auction announcements, and the latest electricity tariffs and energy mix data. The country will need to install a minimum of 13 GW of solar in total by 2030, to stay on track to reach net-zero emissions by 2050. Moreover, the recommendations have been revised to reflect the evolving dynamics of the Omani energy sector.

The report is the fourteenth in a series of SolarPower Europe market reports, which includes: Mozambique, Senegal, Côte d’Ivoire, Myanmar, Kazakhstan, India, Tunisia, Latin America, Algeria, the Middle East, and Vietnam.

Source: SolarPower Europe

Cooperation Between Sciece and Business for a Sustainable Future

Photo-illustration: Unsplash (Rohan Makhecha)
Photo: Science Fund of the Republic of Serbia
Photo: Science Fund of the Republic of Serbia

Eight years have passed since the signing of the Paris Agreement, which set the goal of holding the global average temperature increase below 2°C compared to the pre-industrial levels, with the indication that the whole must make an effort of humanity to limit the increase in temperature to 1.5°C. Not even a quarter of a century has passed, and humanity faces a serious risk of losing this fight.

It is the struggle of all of us together and each of us individually. The only real compass that can guide us through the challenges of climate change is scientifically based solutions, and the only weapon we have in this fight is the application of scientific solutions in the economy. Coopera tion between science and business on protecting the environment is crucial for the necessary ecological transition of all industries, thereby enabling carbon neutrality and a sustainable future for humanity.

Recognizing the importance of innovations and technological solutions required to solve environmental challenges, in 2022, the Science Fund of the Republic of Serbia launched the Green Programme of Cooperation between Science and Businesses with a total budget of 3.5 million euros. Under the auspices of this programme, 20 scientific projects involving 215 researchers from 37 scientific research organizations have been approved for financing. The maximum budget per project is up to 200,000 euros.

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The Green Programme supports projects to develop patents, technical solutions and socially useful technologies to reduce air, water and soil pollution. Also under the auspices of this programme, researchers from Serbia are developing an intelligent robotic system for waste sorting and management, creating technologies for the remediation of soil and water polluted by harmful chemicals, working on innovative technology for the production of a new type of plastic using exclusively bio-renewable resources, developing techniques for using waste from the rapeseed industry to create new food products, collaborate on the creation of devices for the development of biosensors for fast, easy and cheap detection of genetically modified food and researching more effective solutions for removing arsenic from drinking water.

The Science Fund expects that the Green Programme of Cooperation between Science and Businesses will result in practical solutions that will used in various segments of society in the future – from industry to everyday life. The development of green industry and society based on sustainable development relies, to the greatest extent, on solutions that only science can offer in cooperation with the economy. Also, developing these strategies transcends the borders of one country and becomes a mission on which we must all work together to save our planet.

Thanks to the Science Fund’s sharp focus on the development of programmes that are important for the resolution of current global challenges, such as the Green Programme of Cooperation between Science and Businesses, as well as work on international networking to develop science, the Fund was elected to the leadership of the international organization Science Europe.

Science Fund of the Republic of Serbia

Read the story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS

What is the Sun Tax and Why Some Countries “Punish” Their Prosumers?

Photo-illustration: Unsplash (Science In Hd)
Photo-illustration: Pixabay

There should be no obstacles for those who want to invest in renewable energy sources on the way to decarbonization of the energy sector. And yet, by introducing the so-called “sun tax”, certain countries discourage their current and future consumers from this endeavor, while the owners of solar plants perceive this as a form of punishment, even though they are producing clean energy for the national power grids.

The Sun Tax is a solar tariff imposed to reduce congestion caused by electricity flowing in two directions – to and from consumers – by investing in parts of the grid where necessary.

Romania is one of the countries where this tax was met with strong opposition, which resulted in the Romanian government cancelling it in late March this year. Spain also cancelled the tax in 2018, only three years after it had been introduced.

According to Spanish media, the Sun Tax was intended to regulate the use of solar energy and the impact of self-consumption on the national electricity grid. The tax meant that consumers had to pay additional fees for producing and using their own solar power, which at one point discouraged investments in renewable energy sources.

While European countries are slowly phasing out their sun tax, in Australia, as of 2025, prosumers will have to pay a new export tariff for the solar power they forward to the power grid.

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The plan is for each state to regulate sun tax collection further, but solar plant owners hope to be protected in several ways during the process. According to the Australian organization Solar Citizens, panel owners will continue to fight for a fair deal in the hope that governments will prioritize measures that allow everyone to access affordable and clean solar energy.

Australia is one of the largest countries in the world, and certain northern parts of the country have over 300 sunny days.

A report from the Australian Energy Market Operator (AEMO) indicates that in the fourth quarter of 2023, average generation from distributed photovoltaic (PV) systems reached an all-time high of 3,433MW, up 17 per cent from the same period in 2022, thus setting a record.

Milena Maglovski

Solving Problems With Higher Harmonics

Photo: ABB
Photo: ABB

The substantial energy efficiency and performance gains of using variable speed drives (VSD s) to control the vast number of electric motors, pumps and fans used in the water industry are well documented. A somewhat lesser-known fact is that VSDs and many other types of non-linear loads, such as EC (electronically commutated) motors, LED or fluorescent lighting, computers, uninterruptible power supplies (UPS), and Wi-Fi routers, can cause an undesirable event known as harmonic distortion in the electrical network.

Harmonics can cause damage to sensitive electronic equipment, interference in communication equipment, and false readings on measurement devices. They can trip circuit breakers, blow fuses, and damage capacitors, or contribute to the overheating of transformers, cables, motors, generators, and capacitors, wasting energy and shortening the lifespan of this equipment.

Therefore, while the benefits of VSDs far outweigh the effects of harmonics, it is essential to understand the problems that harmonics can cause — and the solutions available to eliminate them.

Harmonics Explained

In a perfect world, the alternating current (AC) in an electrical grid presents as a pure sinusoidal wave, running at a base frequency of so or 6o Hertz (Hz). In reality, the use of non-linear loads creates harmonics — multiples of the base frequency — that cause significant deviations from this pure sine wave in both the current and voltage. The resulting distortion, or electronic pollution, means that energy is lost within the network rather than used by the equipment it serves.

To measure the impact of harmonics a figure known as the total harmonic distortion on current — (THDi) is used. The higher this value is, the more energy is lost in the network. As an example, a to per cent THDi results in 6 per cent greater losses than a network with no harmonics. As well as increased energy costs, the electrical system needs to be sized to be able to carry the excess current. For example, a drive with no harmonic protection could add an additional 80 per cent load to a transformer.

While a single 4-kilowatt (kW) drive, even with 1oo per cent THDi, is unlikely to cause issues, multiple drives will have a cumulative effect as the excess current produces more heat. Not only does this heat waste energy, but overheating makes equipment more unreliable and shortens its life expectancy.

These issues can have a substantial financial impact during all phases of an installation’s lifespan. System inefficiency adds to daily running costs, while premature equipment failure carries unnecessary repair and replacement costs. When selecting equipment, it is crucial to ensure it does not have an adverse effect on the power system or connected devices.

IN FOCUS:

A Modern Solution to Harmonic

A common mitigation technique to address the trouble — some effect of harmonics is to oversize power components or cables to deal with overheating. For example, the incoming transformer may have to be a higher rating, for which the local power utility will charge higher fees. Many local power companies require operators in water supply and wastewater treatment to take preventive measures to decrease the harmonic distortions that its equipment may cause.

Oversizing backup generators is another common approach to mitigate harmonics induced challenges. However, this approach requires more space, increases project costs, and negatively affects project sustainability.

A sensible alternative to investing in oversized (and therefore more expensive) equipment is to install devices that reduce or eliminate harmonic frequencies from the outset.

Photo-illustration: PIxabay

Variable speed drives (VSDs) control the speed and torque of a motor driving a water application such as a pump or fan. When using these drives, the conventional approach to tackle problems created by harmonies has been to install external filters or use multi-pulse transformers. However, anew and more efficient technique is to use a specific type ofVSD known as an ultra-low harmonic (ULH) drive. These drives have built-in harmonic mitigation, including an active supply unit and an integrated low harmonic line filter.

While traditional 6-pulse VSDs decrease THDi to around 40 per cent, the best ULH drives can reduce harmonic content in a network to below 3 per cent. With such a low THDi, water facilities can avoid the massive oversizing of power network components and decrease their material usage.

Instead of over sizing, these components can then be sized appropriately — transforming the overall investment costs of the entire system. For example, compared with standard VSDs, incoming power cables might be reduced in size by about io per cent. Furthermore, the size of distribution transformers might be reduced by zo per cent, generators by 5o per cent, and switchgear and circuit breakers by 10-30 per cent.

ULH drives also boost a facility’s reliability. Because of the minimal harmonic content, they eliminate process interruptions from network overloads caused by increased line current. The drives also eliminate malfunctions in connected devices caused by a distorted current. Overall, ULHdrives reduce the installation footprint and total cost of ownership.

Source: ABB

Read the story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS

Clean energy is boosting economic growth

Photo-illustration: Unsplash (Watt a lot)
Photo-illustration: Unsplash (Jason Blackeye)

Clean energy is moving towards centre stage in the global energy system – and as its importance rises, a new clean energy economy is emerging.

Clean electricity accounted for around 80 percent of new capacity additions to the world’s electricity system in 2023, and electric vehicles for around one out of five cars sold globally. At the same time, global investment in clean energy manufacturing is booming, driven by industrial policies and market demand. Employment in clean energy jobs exceeded that of fossil fuels in 2021 and continues to grow.

Quantifying the expanding role of clean energy in the economy is therefore essential to fully understand the stakes and momentum behind energy transitions.

Our new country-by-country and sector-by-sector analysis finds that in 2023, clean energy added around USD 320 billion to the world economy. This represented 10 percent of global GDP growth – equivalent to more than the value added by the global aerospace industry in 2023, or to adding an economy the size of the Czech Republic to global output.

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This assessment is based on a first-of-its-kind analysis of three categories of activity in the clean energy sector:

-Manufacturing of clean energy technologies: investment in clean energy manufacturing, covering the value chains for solar PV, wind power and battery manufacturing

-Deployment of clean power capacity: investment in deployment of clean electricity generation capacity – such as solar PV, wind power, nuclear power and battery storage – and in electricity networks

-Clean equipment sales: sales of electric cars (EVs) and heat pumps.

It is based on detailed project-by-project data gathered and processed by the International Energy Agency (IEA) from primary and secondary sources. We conducted this analysis at the country level, and present here the in-depth results for four of the largest economies: the United States, the European Union, China and India, which together account for two-thirds of global GDP.1

Source: IEA

Which EU Countries Have Met the Targets for Public Chargers?

Photo-illustration: Freepik (freepik)
Photo-illustration: Unsplash (Maxim Hopman)

The number of public chargers for electric vehicles has tripled in the previous three years in the EU. Data collated by the European Federation for Transport & Environment showed that at the end of 2023, there were more than 630,000 chargers in total. What’s more, the charging network has grown at a faster rate than electric vehicles themselves over the past year.

In 2024, most Member States have already met the set goals, while only Portugal, Hungary, and Lithuania have not. However, they are expected to do so by the year-end. As stated, Greece and Ireland have to continue investing more effort.

The data also show that Bulgaria occupies first place in terms of good results in the accomplishment of set goals, followed by Slovakia and the Czech Republic.

Last year, the European Union adopted the Alternative Fuels Infrastructure Directive, which recently entered into force in all Member States.

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The Directive prescribes several main goals for the period from 2025 to 2030.

First, as of 2025, fast charging stations of at least 150kW for cars and vans will have to be installed every 60 kilometers along the main transport corridors of the European Union (TEN-T).

Second, as of 2025, stations with a minimum power of 350kW for heavy-duty vehicles should be located every 60 kilometers along the basic TEN-T network and every 100 kilometers along the extended TEN-T grid. By 2030, the grid will have to be fully covered.

Photo-illustration: Unsplash (Oskar Kadaksoo)

In terms of hydrogen filling stations, both for cars and trucks, they must be deployed from 2030 in all urban areas and every 200 kilometers along the TEN-T core grid.

Seaports that receive a minimum number of large passenger vessels or container ships must provide access to shore power by 2030.

By 2025, airports will have to provide electricity at all exits for all docked planes.

Electric vehicle drivers will also have to be able to easily pay for the service at the stations. At the same time, the operators will be obliged to provide full information about the availability of chargers, waiting times, and prices.

Furthermore, if the set goals are accomplished, a total of one million charging stations will be installed by 2025, and 3.5 million are expected to be installed by 2030.

Katarina Vuinac

Would You Live in a Beehive Building?

Photo: Social Media/ Edward Beierle

The average person in industrialized societies spends about 70 per cent of the day indoors (in many countries, this percentage is much higher). Staring at a computer screen all day, being sedentary, and breathing stale air is not good for our health. Furthermore, we don’t have much choice but to improve the features of our living space and adapt it to our needs.

On the other hand, efficient houses and buildings have become an integral part of the global decarbonization of cities because only sustainable housing can reduce the high energy and resource consumption in homes.

Now that contemporary architecture has established a clear direction, the question arises: What is the best solution that will transform urban places and improve our quality of life?

Of course, numerous sustainable houses and eco-buildings have emerged and cleverly overcome traditional construction’s shortcomings. The concept invented by the German architect Peter Heimerl, who designed a building modelled on a beehive, caught my attention.

 

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Објава коју дели PETER HAIMERL . ARCHITEKTUR (@peterhaimerl.architektur)

People should emulate these most valuable insects in many ways, including when it comes to constructing residential and commercial buildings.

Smart bees stay true to hexagons because they are one of the world’s strongest and most efficient shapes. The hexagonal structure can withstand a large load evenly distributed on all sides, preventing collapse and deformation. Also, choosing a hexagon in architecture allows us to cover large areas with the least amount of material, so it becomes clearer why the hexagon is probably the best choice for sustainable construction.

This was also recognized by Haimerl, who devised a beehive building in which cylindrical apartments are stacked on top of each other, like in a honeycomb.

The choice of a hexagon allowed the German architect to play with the space and use it creatively and efficiently. Haimerl claims that these cylindrical apartments appear 1.3 times larger than their actual size, offer a more dynamic and open living environment and foster a sense of community. Furthermore, sloping ceilings and walls provide usable space that would not exist in a traditional building, while two windows at the beginning and end of the cylinder are enough to illuminate the entire apartment with daylight, Designboom writes.

The beehive principle is becoming increasingly attractive to modern architects who have only recently seen what the bees have always known – the hexagon saves material, ensures solidity, and offers spaciousness.

Thus, the phrase “living like in a beehive” could soon take on a new, positive meaning if the idea of beehive buildings comes to life and our apartments and offices take on a hexagonal shape.

Milena Maglovski

Transition to Renewables Calls for New Approach to Energy Security

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

The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published today.

Geopolitics of the energy transition: Energy security outlines a multi-dimensional energy security concept for the 21st century. The systemic nature of the ongoing transition and its wide-ranging social and economic impacts warrant holistic thinking that encompasses technology and its value chains, system flexibility, climate change effects, energy demand, and human security among other things.

IRENA Director-General, Francesco La Camera, said: “The energy system is undergoing a profound transformation, and renewables are bound to bring greater resilience through decentralisation and greater reliance on domestic sources. It is vital to proactively shape this resilience with foresighted policies and investments. While lessons from the fossil fuel era can inform some aspects of the transition, a holistic approach that considers the unique attributes of renewables and modernises economic, social, and diplomatic strategies is necessary.”

He added, “The evolving energy system calls for a security strategy that integrates environmental concerns, economic trends, and social ramifications. Technologies, not fuels, are the centerpiece of the new energy system. By revisiting traditional security approaches and identifying emerging factors, this report seeks to equip policy makers with a better understanding of energy security in the era of renewables.”

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Under IRENA’s World Energy Transitions Outlook, renewables would comprise three-quarters of the global energy mix by 2050. Electricity would become the main energy carrier, meeting more than 50 per cent of consumption by 2050. The renewables-based system is characterised by high electrification and efficiency, complemented by green hydrogen and sustainable biomass.

IRENA also estimates that 11 terawatts of installed renewable power capacity will be needed by 2030, requiring a tripling of renewable power and a doubling of energy efficiency, as affirmed at COP28.

Photo-illustration: Freepik (freepik)

As a result, major geopolitical shifts are set to profoundly influence energy trade dynamics, alter international dependencies, and reshape the geopolitical landscape. Cross-border trade in electricity will rise in prominence, fostering mutual benefits, in contrast to the asymmetric dependencies of the oil and gas sector.

IRENA’s new report indicates that energy security in a renewables-based era will need to evolve in several key areas.

It states that resilient technology supply chains will be vital to support the transition, for both developed and developing countries. Furthermore, security and political considerations will hold the key to the successful deployment of the infrastructure required to support flexible renewables-based energy systems. This infrastructure must he highly resilient to extreme weather events, while cyber threats, physical attacks or, a combination of both, rains prominence in highly electrified and digitilised systems.

Human security will be equally important, according to the report, particularly for energy end-users, including in the areas of water and food insecurity, disease, economic marginalisation, inequality and energy poverty.

In addition, energy demand, particularly in Africa and Asia, has profound geopolitical implications for global energy markets, trade patterns and strategic alliances, the report states. Managing it through energy efficiency policies and investments can help mitigate competition over resources and markets.

Finally, the report calls for climate change effects to enter energy security considerations and indicates that renewables should be leveraged to provide cost-efficient, integrated and reliable solutions for climate adaptation.

Source: IRENA

Schneider Electric: Digitization as the Key to the Energy Transition

Photo: Schneider Electric
Photo: Schneider Electric

The Schneider Electric Innovation Summit was once again a meeting place for the latest automation, electrification, and digitalization solutions. Representatives of numerous companies met in Paris, where Schneider Electric, a leader in the digital transformation of energy management and automation, presented new solutions designed to help them devise strategies, digitize and decarbonize their operations and expedite the accomplishment of sustainability goals.

This event was an opportunity to talk with Hélène Macela-Gouin, Vice-President of Schneider Electric in France, who informed the summit participants about the importance of digitization and automation in the energy transition process and introduced us to the latest goals of the Schneider Electric Company.

According to her, digitization is the best way to achieve energy efficiency. Many believe that reducing electricity consumption is enough to mitigate the effects of climate change, but Gouin notes that, in addition to reduced consumption, how we use electricity is also very important. The answer, she says, lies in the automation and digitization of consumption.

“We must create a future that suits everyone. We can have lower and better consumption, and we at Schneider Electric are focused on both. Innovations allow us to reduce consumption in buildings through automation, passive infrastructure, installing renewable energy sources on roofs, and digitizing electricity consumption,” said Hélène Macela-Gouin.

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Circular economy in Schneider Electric’s focus

Gouin also spoke about data centers whose sustainability is the company’s focus. Data centers are constantly expanding to meet the needs of digital lifestyles and more intelligent buildings and industries. Schneider Electric’s goal is to merge data centers with the circular economy.

“In terms of circularity, Schneider Electric achieves the same quality and resilience of our products with a reduced environmental impact and lower carbon dioxide emissions. We can be very efficient operationally, but the issue of building data centers must also meet sustainability criteria. This is a more complex problem, and that’s why we looked for a solution in the circular economy. UPS devices manufactured in this way have the same quality, durability, and warranty as all our roducts, with a smaller carbon footprint”, Gouin said.

This way, the company reduces its electronic waste and greenhouse gas emissions. Schneider Electric’s ambition is to create a road map that will enable the broader application of the circular economy in all locations in Europe.

Launched in 2016, the Schneider Electric Innovation Summit showcases the company’s latest innovations, solutions, and partnerships that will drive the future of automation, electrification, and digitization.

Bojan Stević

BIG Solar Uses an Environmentally Friendly Method to Clean and Maintain Solar Panels

Photo: BIG Solar
Photo: BIG Solar

Solar energy is an excellent source of clean and renewable energy. Whether summer or winter, solar power plants require dedicated maintenance and regular cleaning to function properly and last as long as possible. Dust, dirt, leaves and other small debris can accumulate on solar panels, reducing efficiency. This can lead to loss of energy generation, increased maintenance costs and, in some cases, damage to the solar panels. This is why regular and efficient cleaning of solar panels is very important.

BIG Solar from Banja Luka is the first company specializing exclusively in cleaning and maintaining solar power plants and solar panels on the territory of Bosnia and Herzegovina. The company uses state-of-the-art machines and brushes from renowned manufacturer Kärcher, and their iSolar programme was created to clean and maintain solar panels while applying the professional cleaning method. The company has abundant experience in panel cleaning. They believe in the future of solar energy and are therefore committed to providing top-quality solar panel cleaning services to help maximize the utilization of your solar power plant.

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Cleaning with RO water

BIG Solar uses the latest technology for cleaning solar panels. It washes all solar power plants exclusively with pure reverse osmosis (RO) water, which had pollution, heavy metals, salts, bacteria and viruses removed from it. This process is called Reverse Osmosis. Professional cleaners first inspect the solar panels to determine how dirty they are. They then use a soft automatic brush soaked in RO water to clean all panel surfaces. Cleaning panels with RO water has numerous advantages, including clean and efficient panels, extended service life and safe, environmentally friendly, simple and fast cleaning methods. The economic reasons for cleaning solar panels with RO water are increased energy production, as clean panels can produce up to 25 per cent more energy than dirty ones. Keeping the panels clean can save money on electricity bills, too.

Prepared by: Mirjana Vujadinović Tomevski

Read the story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS

The Sustainable Development Crisis – How Big is the Financial Gap in Accomplishing the SDGs?

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

The entire planet strives to meet the Sustainable Development Goals (SDGs). However, the latest United Nations report indicates that countries are not moving well enough towards the 2030 Agenda for Sustainable Development. More precisely, about half of the 140 SDGs for which there is sufficient data deviate from the planned trajectory.

The 2024 Financing for Sustainable Development Report shows that the world is facing a sustainable development crisis. Financial shortfalls are cited as one of the key reasons for this crisis, as they are already large and will grow further. Estimates by various international organizations indicate that an additional $4.2 billion per year is needed to close the funding gap. For instance, current estimates show that almost 600 million people will still live in extreme poverty by 2030.

According to Li Junhua, UN Under-Secretary-General for Economic and Social Affairs, resources are needed, and the money for them does exist.

“Billions of dollars are lost annually due to tax avoidance and evasion, while fossil fuel subsidies amount to billions. Globally, there isn’t a lack of money, but a lack of will and commitment”, Li Junhua said in a statement.

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The statement went on to say that debt service in the least developed countries is estimated to be $40 billion annually between 2023 and 2025, up more than 50 per cent from $26 billion in 2022.

Photo-illustration: Freepik (rawpixel.com)

Stronger and more frequent climate-related disasters contribute to debt growth in vulnerable countries. At the same time, about 40 per cent of the world’s population lives in countries where governments spend more on interest payments than on education or health.

The UN Summit of the Future, which will be held in September of this year, provides a key opportunity to change the current situation regarding achieving the SDGs.

The Fourth International Conference on Financing for Development (FfD4), which will be held in 2025 in Spain, is being held at a critical moment and offers a unique opportunity for financing reform at all levels to reduce the gap between aspirations and financing.

This event will provide a unique opportunity to close the significant financing and investment gap and improve spending efficiency. FfD4 can also help to restore confidence in global partnership and multilateralism. Furthermore, it can help formulate new development trajectories to achieve the Sustainable Development Goals and ensure no one is left behind.

The fourth international conference on development financing will bring together representatives of UN Member States, international organizations, the private sector, civil society and other relevant stakeholders. As stated, the conference aims to identify key challenges in development financing and agree on strategies and action plans to boost financial support for achieving sustainable development goals, especially those established by the 2030 Sustainable Development Agenda and the Sustainable Development Goals.

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