Fool’s Gold: Financial institutions waste billions on coal, undermining climate action

European financial institutions and international investors and banks including BlackRock and Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies EUR 12 billion in investment, and EUR 9.8 billion in loans and underwriting in less than 1.5 years, according to a new report by Europe Beyond Coal and partners. Such […]

Cyclists ask European Parliament to add bicycle infrastructure, incentives

EU lawmakers and cycling organizations pressed European Parliament President David Sassoli and Secretary-General Klaus Welle to make more room for pedestrians and cyclists and encourage MEPs and employees to avoid using cars for commuting. European capitals and countries are continuing to support bicycle traffic and infrastructure, one of the activities that may also limit the […]

Carbon prices jump in EU, taking industrial pollution costs to 14-year high

Expenses for greenhouse gas emissions at factories and energy producers briefly surged to a level unseen since 2016. As the EU tightens environmental regulations and polluters are suffering from rising carbon costs, green technologies are becoming more profitable. Uncertainty and the lockdown measures throughout the world to curb the spread of the coronavirus devastated the […]

Energy Community urges BiH to scrap feed-in tariffs for hydropower

Renewable energy installations of a maximum of 500 kW and demonstration projects are the only ones eligible for feed-in tariffs as state aid, the Energy Community Secretariat told officials in BiH, pointing to continued government support for larger hydropower projects. The Federation of Bosnia and Herzegovina proposed the reduction of feed-in tariffs for renewables, which […]