Climate targets warrant closure of all gas, coal power plants soon, study shows
If solutions to turn emissions negative aren’t scaled up substantially in the mid-term to cap global warming, there is little choice but to decommission facilities for the production of electricity from fossil fuels at roughly half of their lifespans. International climate treaties and goals imply gas and coal power plants must be decommissioned 10 to […]
Serbia issues draft spatial plan for coal-fired thermal power plant Kolubara B
A public consultation was launched on the draft spatial plan for the special purpose area and the strategic environmental impact assessment report for Kolubara B. Serbia is moving ahead with the development of the coal power plant project, arguing “it is not possible” to replace the fossil fuel with other sources “in the near term.” […]
IRENA: Renewables increasingly cheaper than coal competitors on cost
IRENA found 56% of renewable capacity added last year achieved lower electricity costs than new coal power plants. Furthermore, by the end of 2021 it would be cheaper to build new photovoltaic facilities than to keep running active coal power plants of as much as 1.2 TW, more than half of the world total. New […]
Beyond Leather wins clim@ 2020 competition with apple-based clothing material
The clim@ 2020 finals were held online today and the top 15 startups held virtual presentations to the judges. They decided Beyond Leather from Denmark was the best project, with its vegan product for the fashion industry. The contest is organized by Finance in Motion on behalf of the Green for Growth Fund (GGF). Renewable […]
Carbon emissions dip with coronavirus but climate change isn’t going away
Carbon dioxide emissions from fossil fuels are about to fall by a record 5% this year or more as the COVID-19 pandemic almost ground the economy to a halt worldwide. Still, pollution must be lowered sustainably – the rebound after the coronavirus crisis will return greenhouse gases to previous levels, climate change experts warn. Air […]
Electricity, carbon prices plummet as coronavirus wounds EU economy
Market participants pushed prices of electricity and emission certificates lower at the main exchanges in Europe while widespread shutdowns caused a decline in carbon and other greenhouse gases released by the industry because of restrictions aimed at slowing the spread of the coronavirus. Statistical data show a global recession is close as the pandemic crippled […]
SET 2020: Introduction of carbon tax in Western Balkans is inevitable
The construction of the seventh power generation unit at thermal power plant TPP Tuzla will be an economic disaster, Janez Kopač, director of the Energy Community Secretariat, told the Energy Sector Transition panel held as part of Trebinje Energy Summit – SET 2020. The reason for this, according to him, is the inevitable introduction of […]
Romania mulls carbon price compensation scheme
The Romanian government is considering introducing a scheme for offsetting the cost of the EU Emission Trading System (EU ETS), but details have not yet been announced, local media reported. The scheme would be available to all companies that are obliged to hold emission allowances. The price of these certificates has increased sharply in the […]