G20 countries directed more funds to fossil fuels projects than to renewables
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
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
Members of the European Parliament said that all environmentally harmful subsidies should be phased out by 2027.
Austria aims to cover all electricity consumption from renewables by 2030
The lower house of the Austrian parliament has adopted a bill aimed at ensuring that all electricity consumption is covered from renewables by 2030.
IRENA: faster energy transitions could boost expected global growth
Speeding up energy transitions to achieve the 1.5°C global warming target could boost the world's GDP by 2.4% per year within the next decade compared with current plans, IRENA says.
Civic group urges ban on advertising, sponsorships for fossil fuel firms
The EU registered a European citizens' initiative entitled Ban Fossil Fuel Advertising and Sponsorships, which compares fossil fuels with tobacco
EU is revising state aid guidelines for climate, energy, environment
The EU is revising state aid rules for the environment and energy. It proposed a competitive bidding system and covering up to 100% of funding gaps.
Turkey to auction 4 GW in solar, wind power this year
Turkey will put 2 GW of wind power and 2 GW of solar power up for auction by the end of 2021 through the YEKA scheme
