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Backing Romania’s Green Ambition with 110 Million Euros Finance Package
The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International are providing a 110 million euros financing package to build and operate two solar photovoltaic power plants in south-eastern Romania,...
Why Aren’t We Reducing our Reliance on Fossil Fuels Faster?
The world must rapidly cut its greenhouse gas emissions. Remarkable progress has been made, especially in the adoption of renewable energy in the transport and energy sectors, but the change is not...
EBRD Arranges 40.1 Million Euros Financing to Elektroprivreda BiH towards Bosnia and Herzegovina’s Green Transition
The European Bank for Reconstruction and Development (EBRD) is providing a EUR 25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH), the largest public electricity generation and distribution utility in Bosnia and...
German state approves gas drilling project in North Sea
The controversial extraction of natural gas in the North Sea near the German island of Borkum is moving closer to becoming a reality after a responsible authority gave its approval.
The Office for...
From Grass to Electricity with the Help of Digesters
Over the years, growing dominant crops on land can lead to various environmental consequences, such as loss of biodiversity, soil erosion, and greenhouse gas emissions. Therefore, farmers are advised to revert parts...
The Global Climate Finance Centre and IRENA Join Forces to Accelerate Global Climate Finance
The International Renewable Energy Agency (IRENA) and the Global Climate Finance Centre (GCFC), an independent entity focused on catalysing climate investments and solutions globally, announced a strategic partnership to scale-up climate finance...
Global coal demand is set to remain broadly flat through 2025
Global coal demand is set to remain broadly unchanged in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and...
Natural Gas Demand Growth Picks up in 2024 But Outlook Remains Uncertain
Natural gas markets moved to more pronounced growth in the first half of 2024, with initial estimates indicating that global gas demand increased at a rate well above its historical average during...
EU Member States Must Take Urgent Action on NECPs and Overriding Public Interest
On 30 June all 27 Member States were due to submit the final version of their National Energy and Climate Plans (NECPs). This comes after the European Commission had reviewed their draft...
New UK Government plans big push on wind
The UK’s new Labour Government has great ambitions for accelerating the deployment of wind energy, both onshore and offshore. To deliver on their new goals they will need a massive overhaul of...
Environmental Labelling and Eco-Labels
The fact remains that the stability of our planet has been irreversibly damaged and that human civilization has contributed to this state with its activities, especially in terms of energy and resource...
EBRD Lends up to EUR 30 Million to Željeznički Prevoz Crne Gore a.d.
The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of up to EUR 30 million to Željeznički Prevoz Crne Gore a.d. (ZPCG), the passenger train operator in Montenegro.
The...
ABB’s 2030 and 2050 Science-Based Targets Approved by the Science Based Targets initiative (SBTi)
ABB welcomes the approval of its emissions reduction targets by the Science Based Targets initiative (SBTi). As part of the company’s efforts to enable a low-carbon society ABB submitted updated scope 1,...
Negative Bidding Continues to Burden Offshore Wind Development
Germany and the Netherlands have recently issued the results of their latest offshore wind auction. They awarded a total capacity of 6.5 GW. That’s good for Europe’s energy transition. But the auction...
ABB Investing 35 Million Dollars in New U.K. Earthing and Lightning Protection Factory
Lightning strikes and electrical surges disrupt critical operations and cause billions of dollars in damage to structures and equipment each year. With growing reliance on electronics and data centers, ABB is investing...
First Net-Zero Academy to Train 100,000 Workers in the EU Solar Photovoltaic Value Chain
The Commission has launched the European Solar Academy, the first in a series of EU Academies to be set up under the Net-Zero Industry Act (NZIA) to have in place the necessary...
