EPBiH agrees to restructure troubled coal mines, cut jobs
Government-owned utility EPBiH said it would reduce the number of employees in its seven coal mines to get the subsidiaries on a firm footing
EU member states to receive EUR 17.5 billion in grants for fossil fuel phaseout
Workers in the coal industry and regions that depend on it in the EU will be able to tap on the EUR 17.5 billion Just Transition Fund
Renewables are several times more profitable than fossil fuels
Investors in renewable power continue to outpace fossil fuel across the globe, according to the Imperial College and IEA. Total return has been 367% higher over the last ten years. The investment case for green energy is clear and the global renewables portfolio is less correlated to the broader market than the global fossil fuel […]
EU’s Timmermans: Coal has no future but coal sector workers do
The European Commission's Executive Vice-President says the EU needs to help the fossil fuel sector to abandon coal, but also oil and petrochemicals
Scientists warn replacing fossil fuels with wood is ‘false solution’ to climate crisis
Over 500 scientists have warned world leaders against treating biomass as carbon neutral and supporting tree cutting for energy production.
US poised for radical change on climate policy under President Biden
US President Joe Biden has ordered the new administration to review oil and gas projects on federal land, scrap fossil fuel subsidies, and replace the government’s vehicle fleet with electric cars.
Renewables overtake fossil fuels in EU power generation for first time ever
For the first time ever, the EU has produced more electricity in a year from renewable energy sources than from fossil fuels.
Elon Musk offers USD 100 million prize for best carbon capture technology
Elon Musk, founder and CEO of electric car maker Tesla Motors, has said he will donate USD 100 million as a prize for the best carbon capture technology. Musk, who also owns aerospace company SpaceX, pledged the money in a tweet, adding later that he would reveal more details next week. Carbon capture is seen […]
