COP27: Deal on loss and damage fund saves climate conference from debacle
At COP27, delegates agreed to establish a fund to help the most vulnerable countries but failed to commit to phasing out all fossil fuels
Turkey needs EUR 9.6 billion annually to achieve climate goals
Turkey will need around USD 10 billion of investments a year, to raise the capacity in solar, wind and storage to achieve net zero by 2050
Western Balkan leaders vow to join forces in region’s energy transition
Leaders of Western Balkan states agreed the only way that the region can overcome the energy crisis is through a joint green transformation
Simson: Up to EUR 450 billion is needed to maintain nuclear capacity in EU
Investments of about EUR 350 – 450 billion will be needed in the coming decades to maintain the current capacity of nuclear energy in the European Union, said European Commissioner for Energy Kadri Simson. She also stressed the importance of nuclear energy projects for energy security and energy transition in Europe. Nuclear energy should cover […]
Billions of euros to support EU coal regions achieve little for energy transition
EU support for coal regions has achieved little for the climate transition, according to the European Court of Auditors (ECA), which analyzed the effects of an aid fund amounting to around EUR 12.5 billion in 2014-2020. The billions of euros allocated to coal regions in the EU have almost failed to make any progress and […]
US Exim Bank to finance construction of nuclear reactors in Romania
The US Export–Import Bank said it intends to provide USD 3 billion for two additional reactors in Romania's Cernavodă nuclear power plant
CAN Europe: Limited progress of national climate and energy plans in Western Balkans
National plans must implement a more efficient energy policy that will ensure the path to the decarbonization of the region by 2050
EU to accelerate renewables permitting, cut environmental requirements
The European Commission wants to cut red tape for renewables but it may lower environmental standards in the process
