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EBRD and Erste Approve Financing for new Windfarm in Serbia
The European Bank for Reconstruction and Development (EBRD), together with Erste Group Bank AG and its local bank Erste Bank a.d. Novi Sad (Erste), have approved a financing package worth 91.4 million euros for the construction of a new windfarm…
Germany is Closing its Coal-Fired Power Plants
A complex story about the energy transition and the challenges that the global geopolitical situation brings with it is unfolding in a country that strives to be a leader in the fight against climate change outside of the European continent,…
The Future of Heat Pumps in China
Heating accounts for almost 20 per cent of energy use in industry and buildings globally, and about one-quarter of energy-sector emissions. China’s buildings and industry sectors account for about one-third of global heat consumption and therefore have a major influence…
ELECTRIFICATION OF RAIL TRAFFIC – HOW MUCH OF IT IS IMPLEMENTED AND WHY IS IT IMPORTANT
The railway is considered a more environmentally friendly transport mode regarding emissions. However, to meet the climate change targets, additional efforts have to be invested to make this kind of transport even more sustainable. In this sense, a much wider…
CAN METHANE EMISSIONS MATCH CLIMATE GOALS BY 2030
Last year was marked by record-high methane emissions from the energy sector. However, the end of the year brought the United Nations Conference on Climate Change 2023 (COP28) and the pledges that set an ambitious target for reducing these emissions.…
GERMANY: WIND POWER EXCEEDS THE SHARE OF COAL IN ELECTRICITY GENERATION
In 2023, Germany achieved more good results when it came to electricity production. According to the data collated by the Federal Statistical Office – Destatis, last year this country produced 11.8 percent less electricity than in 2022. However, it should…
Global coal demand expected to decline in coming years
After reaching an all-time high this year, global coal demand is expected to decline to 2026, according to the latest edition of the International Energy Agency’s (IEA) annual coal market report – the first time that the report has predicted…