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The COVID-19 Crisis Has a Profound Impact Also on the Energy Sector
In three reports published today, the Energy Community Secretariat assesses the current status of financial liquidity of the electricity sector; compiles information about support from International Financial Institutions and commercial banks; and measures taken by energy regulators to address the ongoing…
Can Electricity Decarbonize the Energy Sector?
The energy sector currently accounts for two-thirds of global carbon emissions; Expedited progress on energy efficiency and low-carbon sources in the energy mix is required to achieve deep decarbonization; As the demand to “electrify everything” grows, the carbon footprint associated…
Renewable Energy Can Support Resilient and Equitable Recovery
Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, finds the first Global Renewables Outlook released by the International Renewable Energy Agency…
Oil Price Volatility Will Give a Boost to Renewables
Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi Arabia and Russia — has sent the price…
Financing the Global Energy Transformation: Green Bonds
Despite the positive renewable energy investment trends over the past decade, annual investments in renewable energy power alone need to double until 2050 to meet climate goals. To allocate enough capital to drive the world’s transition to a low-carbon economy,…
EBRD and Donors Boost Green Financing in the Region
The Western Balkans is a key region for, and partner in, the EBRD’s green work. South-eastern Europe has huge potential for developing green energy, with its rivers providing hydroelectric power, its mountains and plains enabling wind power, its underdeveloped solarenergy,…
Heat Pumps – What Savings They Make and How Much They Cost?
Advantages of heat pumps The main advantage of heat pumps over the competition in the market for heating and cooling appliances is that facilities equipped with heat pumps receive much more energy compared to the costs. Namely, the system is…