Fool’s Gold: Financial institutions waste billions on coal, undermining climate action
European financial institutions and international investors and banks including BlackRock and Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies EUR 12 billion in investment, and EUR 9.8 billion in loans and underwriting in less than 1.5 years, according to a new report by Europe Beyond Coal and partners. Such […]
Goverment adopts decree to introduce premiums for renewables in Croatia
The Government of Croatia has adopted a decree on quotas to incentivize the production of electricity from renewable energy sources and high-efficiency cogeneration, which marks the introduction of premiums for stimulus. The decree has been adopted on the basis of the energy sector development strategy until 2030, with projections until 2050, and the national energy […]
Finance in Motion releases impact investment report Road to Impact
In 2019 Finance in Motion advised funds which had facilitated over 70,000 new loans to small businesses and households and were helping prevent the emission of more than 870,000 tons of CO2 every year, according to its annual impact investment report Road to Impact. The asset manager said that by the end of last year […]
Launch of premiums to trigger investments of EUR 1.6 billion in Croatia
Projects worth HRK 12 billion (EUR 1.6 billion) are prepared and will be implemented after the introduction of the new model of incentives for energy from renewable sources, which envisages premiums, Maja Pokrovac, Managing Director at Renewable Energy Sources of Croatia (RES Croatia), told Balkan Green Energy News. According to her, the coronavirus pandemic indicated […]
World Bank grants EUR 9.4 milion to Kosovo* for renewables, energy efficiency
Kosovo’s Ministry of Finance and Transfers and the International Development Association, part of the World Bank Group, have signed the agreement on a EUR 9.4 million grant. The support was approved within the Renewable Energy and Energy Efficiency Project, implemented by Kosovo* and the World Bank. The grant is part of a USD 32.5 million […]
Future belongs to those who know how to conserve energy
One thing is certain: the years of inefficient energy use are behind us, and the future belongs to those who approach energy generation, transmission, and consumption with much more prudence, Borko Torbica, vice president of Elnos Group, says in an interview with Balkan Green Energy News. Torbica explained how Elnos Group, an electricity company from […]
Hidroelectrica initiates takeover of ČEZ, Enel’s facilities in Romania
The management of Speeh Hidroelectrica SA requested the goahead from shareholders to hire consultants and lawyers in the procedure it started with the aim to acquire assets from ČEZ Group and Enel SpA, counting on them divesting in Romania. The extraordinary meeting is scheduled for December 12. The hydropower plant operator also asked for a […]
Radojičić: Belgrade to subsidize up to 90% of buildings refurbishment
Serbia’s capital city will introduce the measures from the strategy for district heating next year, right after it is adopted, according to Zoran Radojičić. Belgrade will thus continue to cut the use of polluting fuel, the mayor noted. In his words, carried by the local authority’s website, in 2019 its management established “firm foundations” of […]