European Commission: Kosovo* continues to rely on lignite, some progress seen on renewables
Kosovo* has some level of preparation in the field of energy, but continues to rely on highly polluting lignite, according to the European Commission’s latest annual report, part of its annual assessment of the implementation of reforms in the Western Balkan partners. Kosovo* made some progress in the area of energy, including the adoption of […]
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 […]
Montenegro registers 10 days of coal-free electricity generation
Montenegro produced enough electricity to cover domestic consumption from renewable energy sources only from May 24 to June 2, 2019, for the first time ever going coal-free for 10 days, the Government of Montenegro said in a press release. During the period, coal-fired power plant Pljevlja was not operating, yet Montenegro produced around 82 million […]
Greens land historic result in European elections in clear call for climate action
The Greens claimed their best ever result in the European Parliament (EP) elections held over the weekend, in what is seen as voters’ call for climate action. The Greens/EFA group, projected to have around 20 seats more than so far, is set to be the fourth-largest force in the EP, which could put it in […]
Montenegro scraps feed-in tariff surcharge
The Montenegrin government has decided to abolish the surcharge paid by consumers through electricity bills to fund the feed-in tariff scheme for privileged power producers. The funds collected through the surcharge will instead be secured through coal excise duty. Answering MPs questions in the parliament, Prime Minister Duško Marković said the abolition of the surcharge […]
European Parliament confirms fossil fuel subsidy phase-out by 2025
The European Parliament (EP) has adopted four new laws on the EU electricity market, formally concluding the Clean Energy for All Europeans package. Fossil fuel subsidies are to be phased out by 2025. MEPs adopted four new laws on the EU electricity market, agreed informally with EU ministers in late 2018, concluding the Clean Energy for […]
Energy Community Contracting Parties pour EUR 2.4 billion annually into coal power plants, mines
The Energy Community Contracting Parties support electricity generated from coal with some EUR 2.4 billion in direct and certain types of indirect subsidies annually, the preliminary results of the Energy Community Secretariat’s study reveal. The study concludes that with the elimination of state aid via direct subsidies to coal and introduction of a carbon price, […]
World Water Day: From coffee to coal, many products have alternatives – water does not
Of 7.2 billion people in the world, 2.1 billion live without safe water at home, according to the UN data. Today is World Water Day, and this year’s theme is ‘Leaving no one behind’, in line with the central promise of the 2030 Agenda for Sustainable Development: as sustainable development progresses, everyone must benefit. In […]