EIB to ditch fossil fuel projects from 2021

The European Investment Bank intends to stop funding fossil fuel projects from 2021, according to the draft of the EU bank’s new energy lending policy. In the document, titled EIB energy lending policy – Supporting the energy transformation, the bank said that its activities would shift away from fossil fuel projects and focus on four […]

EU report: Southern Europe’s fossil fuel power plants contradict European markets’ pattern

In the fourth quarter of 2017 low water levels in the Balkans negatively affected wholesale electricity prices in Hungary and Slovenia, but also in Romania and Serbia, while fossil fuel based electricity generation in the Southern Europe secured profitability contrary to the case in the European markets, the European Commission’s latest Quarterly report on European […]