Leaked papers reveal major pushback against fossil fuel phaseout
22 October 2021 - Saudi Arabia, Australia, and OPEC are lobbying against fossil fuel phaseout, while Brazil and Argentina oppose the promotion of meat-free diet.
Reality of energy transition: fossil fuel production to grow at least until 2040
20 October 2021 - Despite the Paris Agreement goals and net zero commitments, fossil fuel producers are on track to significantly boost output through 2040
G20 urged to set more ambitious emissions cut targets ahead of COP26
15 October 2021 - The G20 governments need to come up with more ambitious national emissions reduction targets ahead of the UN climate summit COP26, which opens on October 31.
IEA Global Hydrogen Report 2021: World needs decisive action to cut costs of low-carbon hydrogen production
07 October 2021 - Governments need to take decisive action to enable low-carbon hydrogen to fulfill its potential and help the world reach net zero emissions by 2050.
Fossil fuel firms sue countries over climate, environmental action
20 September 2021 - Fossil fuel companies are suing countries around the world, seeking more than EUR 15 billion in damages over climate, environmental action.
Timmermans: energy price hikes should speed up green transition, not slow it down
17 September 2021 - Only about a fifth of the energy price increase can be attributed to the rising costs of CO2 emissions, while the rest is simply due to a market shortage, says the European Commission’s vice president in charge of climate issues.
CWP Global enters Ukrainian market with acquisition of 73 MW wind project
07 September 2021 - CWP Global has acquired a 73 MW onshore wind project under development in Ukraine, entering one of Europe’s largest energy markets.
CO2 tops EUR 60 for first time
30 August 2021 - Carbon permits reached almost EUR 61 per ton in the EU as power producers are struggling to obtain gas from Russia and wind has weakened
Record-breaking summer for solar panels – tenth of EU-27 electricity secured
23 August 2021 - Annual growth in solar power plants output needs to double to meet the European Union’s 2030 emissions targets.
G20 countries directed more funds to fossil fuels projects than to renewables
10 August 2021 - Since the beginning of 2020, the G20 countries have committed at least USD 296 billion for fossil fuels and USD 227 billion for renewables.
Not even carbon price of EUR 200 would make clean hydrogen competitive
14 July 2021 - As clean hydrogen remains far less cost-effective than fossil fuels, the EU is urged to adopt policies that would bring down its production costs and make it competitive with fossil fuels.
European Parliament wants fossil fuel subsidies phased out by 2025
13 July 2021 - Members of the European Parliament said that all environmentally harmful subsidies should be phased out by 2027.