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
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