Europe
Energy Crisis Forces More Ambition in EU Green Buildings Law
Soaring energy prices are mounting pressure on Europe to renovate its ageing, inefficient buildings as governments scramble to protect citizens from rising utility bills. Europe’s buildings are responsible for 40 per cent of its energy consumption and many are in…
Climate Change Driving Unprecedented Forest Fire Loss
Forest fires supercharged by climate change are burning twice as much global tree cover as 20 years ago, according to data published on Wednesday (17 August) showing the equivalent of 16 football pitches are now lost every minute. The research showed…
France Gets Help From EU Partners as Wildfires Rage
Firefighting teams and equipment from six EU nations started to arrive in France on Thursday (11 August) to help battle a spate of wildfires, including a fierce blaze in the parched southwest that has forced thousands to evacuate. Most of…
Driest July in Memory Imperils Europe’s Crops
As much of Europe bakes in a third heatwave since June, fears are growing that extreme drought driven by climate change in the continent’s breadbasket nations will dent stable crop yields and deepen the cost-of-living crisis. The European Commission on…
“This heatwave is the new normal”, WMO Secretary-General says
“We have broken an all-time high in the UK”, said Petteri Taalas, WMO Secretary-General. “Heatwaves will happen more frequently because of climate change. The connection has been clearly demonstrated by IPCC”. Stable high pressures, and hence the heatwave, are here…
EBRD to Invest in Lamda’s Green Bond in Greece
The European Bank for Reconstruction and Development (EBRD) has successfully participated in a green bond issued by Lamda Development in Greece, investing 20 million euros in the total 230 million euros offering. Lamda is the largest Greek real-estate developer and…
Fuel Price, Excise, Strategic Reserves of Oil and Petroleum Products – What Do We Know About It?
Fuel prices plummeted again in February, causing concern in the local market, especially after additional forecasts that the cost of crude oil will continue to rise. Although it is impossible to stay immune to the changes happening in the global…