Energy Progress Report: SDG7 is not to be reached by 2030
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, Tracking SDG 7: The Energy Progress Report reveals. It was released today by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), […]
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 […]
Renewables, power storage are Kosovo’s* best choice: World Bank study
The most affordable strategy for the government in Prishtina would be to phase out coal-fueled power production, according to a previously unseen document that the United States–based Institute for Energy Economics and Financial Analysis or IEEFA has reviewed. The World Bank apparently concluded in August of last year that ContourGlobal Plc’s plan for to build […]
Multilateral development banks announce joint framework at COP24 to combat climate change
Multilateral Development Banks (MDBs) have announced a joint framework at COP24 for aligning their activities with the goals of the Paris Agreement, reinforcing their commitment to combat climate change, according to a joint press release. In a joint declaration, issued at the start of the 24th Session of the Conference of the Parties to the United […]
EUR 642,000 worth of contracts signed for retrofits of three schools in Sarajevo Canton
As part of the Energy Efficiency in Bosnia and Herzegovina project, implemented by the Ministry of Spatial Planning of the Federation of Bosnia and Herzegovina and financed with the World Bank’s loan, energy efficiency measures will be introduced in three educational institutions in the Sarajevo Canton. More than BAM 1.25 million (around EUR 642,000) will […]
World Bank approves USD 32 million in additional financing for BiH Energy Efficiency Project
The World Bank has approved USD 32 million in additional financing for the Bosnia and Herzegovina (BiH) Energy Efficiency Project, according to a press release from the World Bank cited by the BiH media. Energy efficiency investments under the project refer to retrofits of school and hospital buildings across BiH to secure cleaner and more […]
Montenegro launching Energy Efficient Home program, seeking consultants for MEEP 2
Montenegro’s Ministry of Economy has said that it is launching the Energy Efficient Home program, aimed at cutting household heating costs and improving indoor comfort improvement, reducing CO2 emissions in the household sector, and developing a biomass heating system market in Montenegro. The Energy Efficient Home program entails at “attractive” and sustainable financial mechanism aimed […]
Gov’t, investor committed to Kosova e Re, as World Bank pulls support for coal-fired power plant project
After the World Bank announced that it will not support a 500 MW Kosova e Re coal-fired power plant, Kosovo’s* government and the US-based ContourGlobal reaffirmed their commitment to completing the project. Kosovo* currently generates almost all of its electricity from two coal-fired power plants, but power shortages are not rare, and imports account for […]
