EU cuts Just Transition Fund to EUR 10 billion in COVID-19 recovery deal
The European Council reached an agreement on the seven-year budget through 2027 including a mechanism for the recovery from the effects of the coronavirus pandemic worth EUR 750 billion. The EU heads of state and government gave the green light for EUR 10 billion for the Just Transition Fund from the COVID-19 war chest, slashing […]
GGF, Yapı Kredi Leasing support renewables in Turkey with loan package of EUR 20 million
The Green for Growth Fund – GGF invested in Turkey’s Yapı Kredi Leasing for the fourth time. The senior loan of EUR 20 million is primarily intended for rooftop solar installations at industrial facilities. The Green for Growth Fund (GGF) said it provided a senior loan of EUR 20 million to Yapı Kredi Leasing, based […]
O2 Challenge 2 in North Macedonia delays deadline to July 3
A government program is supporting micro, small and medium-sized North Macedonian firms in projects for climate change mitigation and the reduction in emissions of greenhouse gases. The timeframe for applications in O2 Challenge 2 has been pushed back to July 3 and organizers scheduled an info session to be held on June 29. The Fund […]
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 […]
Deadline extended to apply for Climate-KIC Pioneers into Practice
EIT Climate-KIC, a Knowledge and Innovation Community (KIC), has extended the application deadlines to June 1 for Pioneers into Practice and to June 16 for Hosts, due to the circumstances caused by a coronavirus. Pioneers into Practice is the leading professional mobility program focused on climate change for students, postgraduates, and professionals. We invite aspiring […]
Introduction of emissions trading is request of our time and no matter of choice
With the adoption of the climate change law and the introduction of an emissions trading system, Montenegro solidified its position as the region’s leader in energy transition. It seems the political elite and experts have no doubts on which way to go, which is best seen in the words of Ešef Husić, Director General of […]
Limited natural resources and (over)ambitious economic goals
Author: Danko Kalkan, Green Finance and Environmental Management Expert The large-scale exploitation of natural resources to support economic growth is leading to a bad scenario, with available resources shrinking and becoming more expensive. At the same time, the loss of value of these resources, due to ever-shorter product lifespans and the generation of enormous quantities […]
North Macedonian firms seek partners from region for O2 Challenge
Micro, small and medium-sized North Macedonian firms can apply alone or in groups for the O2 Challenge, ideally involving partners from Serbia, Bosnia and Herzegovina, Montenegro, Kosovo* or Albania. Eligible endeavors lower emissions and help the adaptation to climate change. Marketable and innovative processes, services, products, methodologies and activities dealing with the environmental impact are […]