€2bn battery factory to be built by state-owned utility CEZ with Germany's VW or South Korea's LG.
The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.
The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.
BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.
The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.
Kazakhstan hopes to build the world’s largest green-hydrogen project, which could – in the distant future – help Nur-Sultan meet its clean-energy promises.
Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.
The step is most significant for Montenegro and North Macedonia, which generate around half of their electricity from coal.
Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.
The cost of joining the global movement towards net zero is not yet fully known, and both governments and corporations with the highest levels of both greenhouse gas emissions and energy intensity face the highest costs for carbon.
162 GW, or 62%, of new renewable capacity was cheaper than new fossil fuel-fired generation in 2020
Slovenia is the first country in the Central and Eastern Europe region and the second in the EU after Luxembourg to issue a sustainability bond.
Tirana is seeking to set up wind and solar generation to reduce reliance on hydropower.
Russia’s gas giant Gazprom has admitted to several large methane leaks this year, one of the most environmentally harmful gases, the company said over the weekend.
North Macedonia aims to increase its national renewables capacity to above 50% by 2024.
The existence of a "greenium" is mostly justified by higher demand for green bonds. We estimate the greenium for each curve separately, ensuring it is not polluted by other factors such as sector or maturity.
Among Yandex's ESG priorities are reducing its carbon footprint, mainly from data centres and fuel use.
Central bank official warns over banks' climate risk, saying 25.4% of non-government credits finance polluting businesses.
Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.
Most commercial banks in North Macedonia aim to increase the share of green loans in their portfolios, central bank survey finds.