Turkey’s Garanti BBVA bank to stop financing coal projects
Garanti BBVA, the fifth-largest bank in Turkey vowed to cleanse the loan portfolio of the remaining coal mines and plants by 2040
Climate Bonds Initiative rolls out criteria for sustainable hydropower
Hydropower developers and operators that want to raise funds via green bonds can now certify their environmental footprint by using CBI's tools
Renewables are several times more profitable than fossil fuels
Investors in renewable power continue to outpace fossil fuel across the globe, according to the Imperial College and IEA. Total return has been 367% higher over the last ten years. The investment case for green energy is clear and the global renewables portfolio is less correlated to the broader market than the global fossil fuel […]
Voltalia wins auction in Albania for Spitalla solar power plant of 100 MW
French-based Voltalia was selected for the construction of a 100 MW solar park in Albania at the Spitalle site in Durrës with a bid of EUR 29.89 per MWh
Europe is halfway into closing all coal power plants by 2030
Fifty percent of coal-fired thermal power plants in Europe are closed or will be shut down by 2030 amid rising CO2 costs and the expansion of renewables
Montenegro to let people decide on offshore oil after exploratory drilling
After environmentalists protested and a warning from auditors, the Government of Montenegro said oil can be discussed only after exploratory drilling
Dance for our planet during Earth Hour 2021 on March 27
As people, cities and companies are preparing to mark Earth Hour 2021 by turning off the lights, WWF Adria launched a music video by Lejla Hot to get everyone in the Balkans and beyond to dance away the apocalyptic news. The World Wide Fund for Nature – WWF scheduled its annual Earth Hour event for […]
PPC sells two green bond packages in same month amid strong demand
Greece's PPC caught the attention of some of the world's biggest players with its green bond issue, partly aimed at funding the energy transition
