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energy transition
World Leaders Set for Pivotal Environmental Assembly
In February 2021, representatives of the 193 Member States of the UN, businesses leaders, civil society and environmentalists from around the world will come together virtually for the fifth session of the United Nations Environment Assembly (UNEA), the world’s highest…
Western Balkan’s Countries Peeking Into the Right Direction, but still Lagging Behind in Transforming the Energy System
The Energy Community Secretariat’s 2020 Implementation Report highlights some of the key obstacles in transforming the energy system of the involved countries, including the Western Balkans, in the foreseen timeline. The Energy Community still does not have a 2030 greenhouse…
Urgent Action Needed for the Energy Transition in Heating and Cooling
The transition to cleaner, more sustainable heating and cooling solutions can attract investment, create millions of new jobs and help to drive a durable economic recovery in the wake of the global COVID-19 crisis, says a new study by leading…
A Live Wire
The NordLink cable will directly connect the German and Norwegian energy markets for the first time. Electricity from wind and hydropower will be exchanged to ensure supply reliability, stable prices and a higher share of renewables in the energy mix. KfW Stories…
Latin America’s Energy Community Underlines Link Between Energy Transformation and Prosperity
High-level energy and climate decision makers from Latin America and the Caribbean underlined the importance of low-carbon energy policy to securing stable, long-term prosperity across regional economies, during a webinar co-hosted by the International Renewable Energy Agency (IRENA) and the…
Strong Cooperation and Enabling Policies Can Lead Energy Transformation in Southeast Asia
Meeting future energy demand in the Association of Southeast Asian Nations (ASEAN) is a high priority in the region. With current indigenous fossil fuel resources incompatible with climate and sustainable development goals, and the COVID-19 pandemic causing fuel price volatility…
BP to Cut Oil Production 40% by 2030, and Invest Billions Into Green Energy
bp today introduces a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers. Within 10 years, bp aims…