GGF Impact Report: 2.75 TWh of energy saved annually, CO2 emissions cut by 692,183 metric tons
By the end of 2018, the Green for Growth Fund (GGF) had financed nearly EUR 825 million in green investments, substantially reducing energy consumption and CO2 emissions. The fund’s investments are having a measurable impact on households and businesses by reducing their energy bills and CO2 emissions as well as enabling them to use resources […]
Most Read in June: Siemens Gamesa’s ETES, Montenegro goes coal-free for 10 days, EC Albania report
Even though it was published in late June, the news about Siemens Gamesa’s breakthrough electrothermal energy storage system made it to the number one spot on our English-language Top 3 Most Read list for June. The Top 3 Most Read list for June is also available for our portal’s Serbian/local language version. 1 – Siemens […]
Siemens Gamesa unveils world’s first electrothermal energy storage system
Siemens Gamesa Renewable Energy has put into operation the world’s first electrothermal energy storage system (ETES), which makes it possible to store large quantities of energy cost-effectively, decoupling electricity generation and use. The innovative storage technology is key to the next step in the energy transition, according to a press release from the Spain-based wind […]
Plastic Odyssey: World’s first plastic-to-fuel vessel to set sail in 2020
On his voyages as a merchant navy officer, Simon Bernard saw the extent of plastic pollution poisoning oceans, ecosystems, and mankind. The visionary is now launching Plastic Odyssey, a three-year expedition on the world’s first vessel to be fueled by plastic waste. “The mission’s ultimate goal is a world without plastic,” Simon said in an […]
Wizz Air says greenest airline in EU amid growing rumors of new carbon tax
Wizz Air has announced it operates at the lowest CO2 emissions per passenger among all airlines in the European Union, amid growing rumors the EU is considering the introduction of a new CO2 tax to curb aviation emissions. With 56.5g CO2 per passenger/km in May 2019 Wizz Air is the airline with the smallest environmental […]
IEEFA: GE lost billions in market capitalization by misjudging energy transition
According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA), General Electric (GE) lost USD 193 billion or 74% of its market capitalization over 2016-2018. “This value destruction was driven in large measure by the collapse of the new thermal power construction market globally – a collapse which caught GE entirely […]
Top 3 in May: Smart Cities, Biodiversity, Bulgaria’s electricity export tariff
Our coverage of the Smart City SEE19 international conference held in Belgrade made it to the number one spot on our English-language Top 3 Most Read list for May. The list is also available for our portal’s Serbian/local language version. 1 – Smart city concept: digitalization, e-mobility, renewables, smart grids Urban sprawl requires and is […]
Falling costs reaffirm renewables as low-cost solution to boost global climate action – IRENA
In most parts of the world today, renewables are the lowest-cost source of new power generation. As costs for solar and wind technologies continue falling, this will become the case in even more countries, the latest report from the International Renewable Energy Agency (IRENA) shows. The cost of electricity from bioenergy, hydropower, geothermal, onshore and […]