EU leaders agree on budget, green recovery funds, 55% emission cut goal
The European Parliament is set to vote on a proposal for the EU's seven-year budget, green recovery funds and the 55% emission cut target
Romania counts on EUR 6.7 billion from EU for green energy projects
Developers of renewable energy, grid and just transition projects can file proposals in Romania by October 16, after which the government should forward them to relevant EU institutions. The government expects EUR 6.7 billion over the next ten years from the recently established Modernization Fund. The Ministry for Economy, Energy and Business Environment published a […]
Romania to allocate EUR 23 million for closure of two coal mines in Jiu Valley
Romania has drafted the decision to grant RON 110 million (EUR 22.6 million) for the closure of coal mines Lonea and Lupeni in the Jiu Valley. The mines are operated by energy company Complexului Energetic Hunedoara (CE Hunedoara). The decision is being prepared by the Ministry of Economy and Energy, according to the local media. […]
Slovenia launches online platform for preparation of coal phaseout strategy
The Ministry of Infrastructure has set up an online platform as the main communication channel for the activities related to the preparation of the national strategy for phasing out coal and the restructuring of coal regions. In accordance with the National Energy and Climate Plan (NECP), Slovenia must prepare a long-term national strategy for the […]
EU cuts Just Transition Fund to EUR 10 billion in COVID-19 recovery deal
The European Council reached an agreement on the seven-year budget through 2027 including a mechanism for the recovery from the effects of the coronavirus pandemic worth EUR 750 billion. The EU heads of state and government gave the green light for EUR 10 billion for the Just Transition Fund from the COVID-19 war chest, slashing […]
EU launches Just Transition Platform for coal regions
The European Commission has launched the Just Transition Platform to help member states draw up their territorial just transition plans and access funding from the Just Transition Mechanism, worth more than EUR 150 billion. According to the European Union’s executive body, the online tool will provide technical and advisory support for public and private stakeholders […]
Coal power plants in EU shuttering amid jump in expenses from end-June
Exemptions in air pollution limits in the EU are about to be abolished, so owners of older coal-fired power plants will have fewer operational hours allowed. Another option, aside from closing the facilities, is to invest in efficiency and environmental protection, but with little to no guarantee it would be cost effective. While ČEZ is […]
Southeastern Europe may get EUR 10 billion as EU boosts Just Transition Fund plan
The European Commission has proposed to increase the funds intended for the energy transition of coal regions from EUR 7.5 billion to EUR 40 billion. The initial proposal for the economic recovery of the 27-country bloc has been amended to add massive stimulus. The move is part of the newest effort of the Commission, called […]