Fossil fuels still subsidized more than renewables in EU, auditors find
The EU's energy taxation and carbon pricing policies don't square with its climate goals, the European Court of Auditors said in a review
Bulgaria could warm by 4.4 °C by 2100, lose 20% of precipitation
Bulgaria is severely affected by climate change, WWF and the Konrad Adenauer Foundation said, warning the temperature rise could reach 4.4 degrees by 2100
McKinsey – Decarbonizing economy requires over USD 9 trillion per year
Achieving the goal of net-zero emissions by 2050 implies global investments of USD 9.2 trillion a year, 3.5 trillion more than today
Agora: Faster decarbonization in Western Balkans would ease impact of EU’s CO2 border tax
The Western Balkans need to step up the integration of their power markets and roll out carbon pricing to avoid the CO2 border tax, Agora said
Carbon capture projects failing but still to play role in energy transition
The carbon capture technology is still experimental, but it may have a shot with a proper funding scheme and a functional market
Germany’s new government announces ambitious decarbonization plan
Germany published a climate plan for the 2030 emissions target, decarbonization of industry, electrification of transport, and heating
Summer of 2021 in Europe was warmest ever
The last seven years were the warmest on record globally by a clear margin, and 2021 was the fifth-hottest year ever recorded
EU greenlights state aid regulations including CfDs, partly allows gas projects
Projects with government support need to be aligned with the EU's decarbonization goals, with some exceptions for gas