fossil fuels
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.
Austria aims to cover all electricity consumption from renewables by 2030
09 July 2021 - 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
02 July 2021 - 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
17 June 2021 - 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
10 June 2021 - 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
28 May 2021 - 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
20 May 2021 - 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
20 May 2021 - 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
26 March 2021 - Investors in renewable power continue to outpace fossil fuel across the globe, according to the...
EU’s Timmermans: Coal has no future but coal sector workers do
25 February 2021 - 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