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Investments
EU: Revenues from Emissions Trading Invested in Green Projects
The European Commission has selected 85 innovative projects aimed at achieving net-zero emissions, which will receive 4.8 billion euros in grants from the Innovation Fund. This is the largest call since the fund’s inception in 2020, raising the total support…
Romania Nearing the Adoption of a New Investment Program “Green Energy” 2024-2030
The Ministry of Energy of Romania has launched a public consultation on the draft emergency ordinance for the national investment program “Green Energy,” aimed at supporting administrative-territorial units and operators in centralized heating systems. The program will be implemented from…
The United Kingdom Invests Billions in Carbon Capture Projects – Divided Reactions Emerge
The UK government has announced investments of nearly £22 billion to develop carbon capture and storage (CCS) projects aimed at reducing carbon dioxide (CO₂) emissions from industrial sources, supporting economic growth, and creating new jobs over the next two and…
Wind Turbine Orders and Supply Chain Investments Are Up – But Urgent Action Is Required on Grids, Permitting And Auction Design
In the first half (H1) of 2024 Europe added 6.4 GW of new wind energy capacity: 5.3 GW onshore and 1.1 GW offshore. The EU-27 built 5.7 GW of this: 4.7 GW onshore and 1 GW offshore. Germany built the…
Greenpeace: Investment in Nuclear Power Plants is Expensive
Greenpeace activists from eight countries, during the International Conference on Nuclear Energy for New Europe (NENE), held in Portorož, sent the message, “Nuclear fairy tale, costly reality!” In a referendum to be held in November, Slovenian citizens will vote on…
EBRD Arranges 40.1 Million Euros Financing to Elektroprivreda BiH towards Bosnia and Herzegovina’s Green Transition
The European Bank for Reconstruction and Development (EBRD) is providing a EUR 25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH), the largest public electricity generation and distribution utility in Bosnia and Herzegovina, to develop and construct a 50 MWp…
The Global Climate Finance Centre and IRENA Join Forces to Accelerate Global Climate Finance
The International Renewable Energy Agency (IRENA) and the Global Climate Finance Centre (GCFC), an independent entity focused on catalysing climate investments and solutions globally, announced a strategic partnership to scale-up climate finance and renewable energy initiatives globally. The GCFC helps…