Green Bond Standard aims to be ‘gold standard’ Aligned with bloc’s sustainable finance framework Third-party checks on bonds to be backed up by regulator The European Commission on Tuesday proposed a new European Green Bond Standard to drive money into projects that will help the bloc meet its mid-century climate goal of net zero carbon […]
EU Unveils Plan to Increase Renewables Share in Energy Mix to 40% by 2030
The European Union must increase the amount of renewable energy it uses and cut energy consumption by 2030 under proposals the bloc’s executive Commission published on Wednesdayto help meet a more ambitious goal for reducing greenhouse gas emissions. As part of a package of climate policies, the Commission proposed an overhaul of EU renewable energy […]
Czech Lawmakers Approve Aid to Renewables, Less Keen on Solar Projects
Czech lawmakers on Wednesday approved a law setting up support for renewable energy sources, but solar industry representatives said the level of help for their sector was insufficient to attract investments needed to meet EU environment targets. Czech lawmakers on Wednesday approved a law setting up support for renewable energy sources, but solar industry representatives […]
EU to Urge 2035 Goal to End Combustion-Engine Era in Autos
The European Union is set to propose all new cars sold from 2035 should have zero emissions, as part of an unprecedented plan to align its economy with more ambitious climate targets. The European Commission, the bloc’s regulatory arm, plans to require emissions from new cars and vans to fall by 65% from 2030 and […]
EU bets on energy savings, greener buildings to meet climate target
Buildings produce more than a third of EU CO2 emissions and account for 40% of the bloc’s energy consumption BRUSSELS : The European Union will require countries to renovate energy-guzzling buildings faster and meet tougher targets to save energy as part of its drive to meet climate change goals, according to a draft document seen […]
EU Wants to Loosen State Aid Rules For Renewable Energy Projects
The EU executive said the revised rules would allow EU countries to introduce new aid instruments and projects in clean transport, energy efficiency in buildings and biodiversity could also be fully funded by EU countries. EU countries will have to consult all interested parties on subsidized projects as one of several safeguards to ensure that […]
Carbon Emissions from Energy Dropped 10 Per Cent in the EU Last Year
Eurostat said in a statement Friday that emissions fell in all of the EU’s 27 member nations compared to 2019 as governments imposed lockdown measures to slow the spread of the virus BRUSSELS – Carbon dioxide emissions from fossil fuel combustion dropped 10 per cent in the European Union last year amid the coronavirus pandemic, […]
Italy Promises “Brutal” Cuts to Red Tape Delaying Renewable Energy Projects
Italy’s byzantine authorisation process has slowed down the rollout of new green energy schemes, jeopardising access to EU recovery funds and the achievement of climate targets. Rome, which needs to install up to 70 gigawatts of new renewable energy capacity by 2030, is currently installing just 0.8 GW per year, in large part due to […]
Italy to produce 70-72 per cent of power from renewables in 2030 to reach EU targets
He added Italy would have to install 65-70 gigawatts of renewable energy over the next decade and that the remaining 28 per cent of energy would be produced with natural gas. MILAN: Up to 72 per cent of Italy’s electricity will have to be produced with renewable sources in 2030 in order for the country […]
EU lacking sufficient electric cars charging infrastructure
BRUSSELS : In line with its ambition to make Europe a greener place, the European Union wants to drastically reduce gas emission from transport by 2050 and promote electric cars. But according to a report from the bloc’s external auditor, it is lacking the appropriate charging stations. “Last year, one in every ten cars sold […]
