UK to introduce its own CBAM by 2027
The UK government also calls the levy CBAM, which confirms its similarity with the EU’s Carbon Border Adjustment Mechanism and the purpose
Seven European countries to shut down all CO2-emitting power plants by 2035
The agreement was concluded as part of the Pentalateral Energy Forum, chaired by the Netherlands this year
Statkraft acquires water battery project near Loch Ness
Norwegian company Statkraft has acquired a pumped storage hydro project in Scotland, with an expected capacity of 450 MW
EU ETS 2 will likely be bigger and tighter market than current EU ETS
EU ETS 2 is being prepared for road transport buildings and small industrial units. Experts from Vertis Environmental Finance laid out the implications.
The time to scale-up renewables is now
The COP 28 commitment to triple renewable energy worldwide by 2030 is a critical step forward in addressing the climate crisis. However, achieving this accelerated deployment demands innovative models that increase private investment and build the capacities of local markets
City of Timișoara catches Romania’s solar wave with own utility-scale project
Timișoara intends to install a 5.6 MW photovoltaic park, which would generate enough electricity to cover two thirds of public lighting
EU approves renewable energy projects in BiH, Albania of EUR 333 million in total
Two wind farm projects in Bosnia and Herzegovina and a solar park in Albania are getting EUR 75.4 million in grants from an EU package.
COP28 adopts UAE Consensus to transition away from fossil fuels in energy
Delegates at COP28 voted to call for transitioning away from fossil fuels in energy systems to drive emissions to net zero by 2050