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Oil and Gas Industry Needs to Step Up Climate Efforts Now
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to...
IEA Launches New Tool for Tracking Oil and Gas-Related Methane Emissions Worldwide
The International Energy Agency has launched a new online tool that tracks oil and gas-related sources of methane, a major and often overlooked greenhouse gas. The new “methane tracker” offers the most...
EBRD and EU finance Serbian businesses via OTP Banka Serbia
The European Bank for Reconstruction and Development (EBRD) is providing 60 million euros in financing to OTP Banka in Serbia. As part of the financial package, 10 million euros will be lent...
Renewables Jobs Nearly Doubled in Past Decade, Soared to 13.7 Million in 2022
Worldwide employment in renewable energy reached 13.7 million in 2022, an increase of one million since 2021 and up from a total of 7.3 million in 2012, according to a new report...
Stronger international cooperation in high emissions sectors crucial to get on track for 1.5°C climate goal
Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are...
2023 Strategic Foresight Report: sustainability and wellbeing at the heart of Europe’s Open Strategic Autonomy
Today, the European Commission presented the 2023 Strategic Foresight Report, which analyses how to put ‘sustainability and people's wellbeing at the heart of Europe's Open Strategic Autonomy' and suggests ten concrete actions...
End of Coal in Sight at COP26
Coal is being consigned to history today at COP26, as countries, banks and organisations move away from the single biggest contributor to climate change.
A just transition to clean energy and the rapid...
Evaluate, Anticipate and Act!
These are three major principles of Portugal’s Air Strategy, one of many adopted by the government of this country to mitigate climate change consequences and safeguard the environment. We talked to the...
Statkraft Chooses ABB Synchronous Condensers to Help the UK National Grid Meet Its Zero-Carbon Targets
The project in Liverpool combines ABB synchronous condensers with flywheels to help stabilize the power grid as renewable energy replaces large fossil-fueled rotating power plants.
ABB has been awarded a major turnkey contract...
A Deep Demonstration of a Circular, Regenerative and Low-Carbon Economy in Slovenia
The Slovenian parliament passed a motion to adopt an EIT Climate-KIC-led proposal called “A Deep Demonstration of a Circular, Regenerative and Low-Carbon Economy in Slovenia” last November. The initiative is one of...
Landmark UN Climate Report Urges ‘Rapid and Unprecedented’ Action to Limit Global Warming
It warns human activities have already caused around 1°C of warming above pre-industrial levels and is likely to reach 1.5°C by as early as 2030
Governments across the world must take “rapid, far-reaching...
Croatian Firm Lent €130m for Efficient Heat and Power Units
A Croatian energy company has been granted loans totalling €130 million (£116m) for new electricity and heat co-generation units.HEP will replace outdated oil and gas-fired turbines and boilers with modern, efficient and...
100 Major Companies Have Officially Pledged To Switch To 100% Renewable Electricity
Since 2014, the RE100 initiative has been working behind the scenes with businesses and organizations of all sizes and sectors to negotiate transitions to 100 percent renewable electricity. The reason is simple:...
ABB Inaugurates Microgrid in South Africa, Boosting Renewables and Power Reliability
ABB today commissioned an integrated solar-diesel microgrid installation at its 96,000 square meter Longmeadow facility in Johannesburg, South Africa. This is a world premiere for the innovative solution with fully grid-connected and...
China’s new 5-year plan is out, and it doesn’t sacrifice the environment for the economy
On Wednesday, Chinese lawmakers approved the country’s 13th Five-Year Plan, the high-level document that will guide policymaking through 2020, including the country’s approach to climate and energy policy. As the world’s second-largest...
