Turkish chemicals firm gets EUR 15 million loan from EBRD to contribute to greener tire production
The European Bank for Reconstruction and Development (EBRD) is lending EUR 15 million to Turkish chemicals maker Egesil Kimya Sanayi ve Ticaret A.S., majority owned by Germany’s Evonik Industries, to increase production of precipitated silica, a key component of energy-efficient tires that reduce carbon emissions, according to a news release from the EBRD. The loan […]
Use of biomass toward low-carbon industry – challenges and prospects
Serbia’s cement industry is ready to increase the use of biomass as fuel, which would have a positive impact on reducing CO2 emissions, according to a roundtable organized by UNECOOP with the support of the Association of the Cement Industry of Serbia (CIS) and the Faculty of Applied Ecology – Futura. The roundtable on the […]
Green Climate Fund supports EBRD’s Green Cities Facility with EUR 87 million
The European Bank for Reconstruction and Development (EBRD) has received a EUR 87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility for climate-focused sustainable urban development in nine countries, including Albania, Macedonia, and Serbia, according to a news release from the EBRD. The Green […]
EU approves EUR 243 million package for birds, bats, other projects to protect nature, environment
The European Commission has approved an investment package of EUR 243 million from the EU budget for projects under the LIFE program supporting nature, the environment, and quality of life in Europe’s transition to a more sustainable and low-carbon future, according to a press release from the EU executive. Funds of EUR 196.2 million will […]
Global warming report calls for “unprecedented changes” in all aspects of society
The Intergovernmental Panel on Climate Change (IPCC), the leading world body for assessing the science related to climate change, has issued a report that calls for “rapid, far-reaching and unprecedented changes in all aspects of society” to limit global warming to 1.5°C. The Special Report on Global Warming of 1.5°C was approved by the IPCC […]
Resalta completes largest public-private partnership for energy efficiency in South-East Europe
The largest public-private partnership (PPP) for energy efficiency in South-East Europe is now operational, with the energy retrofit of 48 public buildings in the City of Ljubljana officially completed, Slovenian energy service company Resalta has announced. The company also said it has signed the second energy retrofit project for 11 buildings worth EUR 4.8 million. […]
TRC’s R3FIBER offers reduced carbon footprint of composites
Some 300,000 turbine blades have already been dumped in EU landfills, with 40,000 more generated by the wind industry every year. Blades, but also boats, planes, and cars, are manufactured from fiber reinforced composites. These components have a high environmental impact, to name only one problem they create. These issues are being tackled by Spanish […]
OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]
