The Mediterranean Basin is feeling the effects of climate change more than ever. This comes on top of the negative environmental pressures exerted by land-use change (urbanisation, agricultural intensification), pollution and declining biodiversity.
Tampere – Thanks to the strong role of nuclear, hydro and bioenergy – which alone accounts for 29% of energy supply – Finland has one of the lowest share of fossil fuels in total energy supply among IEA member countries. Yet in its latest review of energy policies in Finland, the IEA finds that the government will nonetheless need to focus on cost-effective measures to achieve its ambitious climate goals of halving oil demand and phasing out coal use by 2030, among others.
The Climate Innovation Summit is the only event of its kind in Europe connecting business leaders, sectoral professionals, policymakers, entrepreneurs and the foremost thinkers to share expertise and best practice, through inspirational talks, capacity-building masterclasses, deep dive workshops and fruitful networking to create the opportunities to scale-up the solutions that accelerate climate action.
Private businesses, including energy service companies (ESCO) and municipalities will benefit from wider access to finance thanks to a €15 million loan that the EBRD is providing to Banca Intesa, the largest bank in Serbia. The loan will be on-lent for energy efficiency investments.
A €60 million loan from the EU will help the WindPlus consortium install a wind farm that will float in deep waters off the Portuguese coast, the first of its kind. The agreement was signed today in Lisbon by Emma Navarro, Vice-President of the European Investment Bank (EIB), and João Manso Neto, CEO of EDP Renováveis and Windplus representative.
The European Commission has just updated the strategy to boost Europe’s bioeconomy. In this interview, two JRC bioeconomy experts reflect on the challenges, opportunities and scientific achievements linked to bio-based economy.
A global effort to deploy the right energy efficiency policies could, on its own, see greenhouse gas emissions peak quickly and then fall even as the global economy doubles between now and 2040, according to the IEA’s latest analysis on energy efficiency. Energy Efficiency 2018 examines the opportunities for improving global energy efficiency to 2040, and finds that efficiency gains alone could allow the world to extract twice as much economic value from the energy it uses compared to today. Doing so would reduce energy bills for consumers by more than $500 billion dollars per year, lower energy imports and cut air pollution in cities – a key issue for many countries.
Portuguese company Windplus will receive a EUR 60 million loan under the InnovFin Energy Demonstration Project programme to install a floating wind farm off the coast of Portugal.
The quality of our seas and oceans is deteriorating at an alarming rate. One major problem is plastic pollution. According to estimates, more than 150 million tonnes of plastic have already accumulated in the world’s oceans, and up to 12.7 million tonnes are added every year. To top that, our marine environments also have to contend with rising water temperatures, ocean acidity and overfishing, all of which affect marine life. One affected sea creature is the jellyfish, which these conditions seem to favour, leading it to congregate in large masses, called blooms.
Small businesses in Armenia will have more opportunities to invest in green technology thanks to a US$ 12.5 million long the EBRD is providing to Ameriabank for on-lending to small and medium-sized enterprises (SMEs) and corporates for green investments.