Ukraine launches renewable auction system

Authors: Maria Orlyk, Partner and Sergiy Datsiv, Associate, CMS Reich-Rohrwig Hainz,Kyiv Starting 1 January 2020, Ukraine launches a new state support mechanism for renewables. Power generating facilities seeking state support must take part in e-auctions and compete for the right to sell power to Ukraine at the lowest possible price. Introduction In the first half […]

Features September 27, 2019

Belgrade joins global climate strike with second Fridays for Future protest

The Fridays for Future global climate strike is taking place around the world today, inspired by 16-year-old Swedish environmental activist Greta Thunberg, who protested outside the parliament in 2018, demanding climate action in line with the Paris Agreement and who later resumed her “school strike for climate” on Fridays. Millions of people are estimated to […]

Taxes on polluting fuels too low to encourage shift to low-carbon alternatives – OECD report

About 70% of energy-related CO2 emissions from advanced and emerging economies are entirely untaxed, offering little incentive to move to cleaner energy, according to a new report by the Organisation for Economic Co-operation and Development (OECD). As world leaders gather for a UN climate change summit amid mounting public pressure for action, a preview of Taxing […]

Renewables September 20, 2019

Energy Vault – energy storage made of concrete blocks and cranes

Concrete blocks and cranes that is all that you need to store electricity. How? Simple. The crane uses excess energy from renewables to lift concrete blocks, and when the power is required, the crane lifts blocks, and the generator produces it. The process is similar to a pumped-storage hydropower plant (HPP), with water substituted with […]

Electricity September 12, 2019