Climate tech investment poised for boom in decade ahead, PwC report implies
Startups in climate tech, a broad set of sectors tackling the decarbonization of the global economy with the aim of reaching net zero emissions before 2050, attracted some USD 60 billion in venture capital investments in the 2013-2019 period, growing by as much as 3750% over the seven year period. This appears to have set the […]
EU presents guidelines on Green Agenda for Western Balkans
The Green Agenda for the Western Balkans, envisaged by the European Green Deal, is expected to be endorsed by the Western Balkan leaders at a summit in Bulgarian capital Sofia in November, the European Commission has said. In the European Green Deal, a plan to make the EU climate neutral by 2050, the commission says […]
PPC, EPCG get EUR 210 million in loans to absorb coronavirus challenges
State-owned power utilities from Greece and Montenegro – Public Power Corporation (PPC) and Elektroprivreda Crne Gore (EPCG), have secured loans in the amount of EUR 210 million to absorb the challenges presented by the coronavirus pandemic. The loans, approved by the European Bank for Reconstruction and Development (EBRD), will enable the companies to continue to […]
Energy Community, EBRD publish policy guidelines on financing mechanisms for energy efficiency
The Energy Community Secretariat and the European Bank for Reconstruction and Development (EBRD) have prepared policy guidelines to help contracting parties to design and establish effective centralized financing mechanisms to boost energy efficiency investments. According to the recently published Energy Transition Tracker, the energy-saving measures could lead to additional investments worth EUR 2.5 billion in […]
Western Balkans could attract EUR 2.5 billion in investments to boost energy efficiency
The Western Balkan countries are slow in using their potential in energy efficiency improvement, despite the fact that energy-saving measures could lead to additional investments worth EUR 2.5 billion and lower energy consumption in buildings by 40%, according to the Energy Transition Tracker. The slow pace translates to energy productivity in the range of 20% […]
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 […]