Greek fossil fuel companies expanding their renewables portfolios
Hellenic Petroleum asked the EBRD for a EUR 75 million loan for a solar power project of 204 MW and its domestic competitor Motor Oil bought a 40 MW wind power plant. Major Greek firms are turning to renewables as energy transition gains traction. The drop in costs for the equipment for green energy production […]
Plastic – between benefit and harm
Author: Danko Kalkan, Green Finance and Environmental Management Expert Plastic is undoubtedly one of the most significant contemporary materials. However, its overuse comes at a price. There is no material today that is as ubiquitous in everyday life as plastic. Its widespread use in all sectors – from packaging production to construction to the automotive […]
Norway sets aside EUR 2.1 billion to develop carbon capture, storage
Equinor is working with Shell and Total on transferring liquefied CO2 through a pipeline to below the seabed so that it isn’t released into the atmosphere. Norway approved EUR 2.1 billion in state aid for the carbon capture and storage (CCS) project for a cement factory and a waste incinerator. Regulators have agreed with the […]
Will the EU’s hydrogen strategy undermine the 2050 climate neutrality goal?
The European Commission has unveiled a strategy to scale up hydrogen production as part of efforts to decarbonize hard-to-abate sectors, but environmental organizations have warned the hydrogen strategy could be a “double-edged sword” that will extend the use of fossil fuels in the European Union (EU) and undermine its 2050 climate neutrality target. The hydrogen […]
Three major environmental challenges clim@ 2020 finalists address
We are only two weeks away from the clim@ 2020 pitching event to select the winner of this year’s competition. Fifteen finalists from the whole world will pitch their innovative projects and business ideas to provide solutions for some of the most pressing environmental and climate challenges: waste disposal and pollution, global warming and emissions, […]
Carbon emissions dip with coronavirus but climate change isn’t going away
Carbon dioxide emissions from fossil fuels are about to fall by a record 5% this year or more as the COVID-19 pandemic almost ground the economy to a halt worldwide. Still, pollution must be lowered sustainably – the rebound after the coronavirus crisis will return greenhouse gases to previous levels, climate change experts warn. Air […]
When shit hits the fan
Author: Maja Pokrovac, Managing Director at Renewable Energy Sources of Croatia (RES Croatia) Now it is clear to everyone – the world has literally and drastically changed overnight. A viral pandemic that has hit all of humanity has shown just how sensitive the global economy really is, and when the going gets tough, it becomes […]
EU lifts green investment target by EUR 260 billion per year by 2030
The Sustainable Europe Investment Plan will mobilize at least EUR 1 trillion in the next decade, the European Commission has said. The so-called Just Transition Mechanism, which is being set up by the EU with the responsibility for the green investment part worth EUR 100 billion from 2021 to 2027, comes with a support fund […]
