The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS).
“The Global Gateway RH2 Funding Platform is a joint EIB KfW initiative with a budget of EUR 216.5 million. It will channel financing for developing projects for producing and using renewable hydrogen” – EU Commissioner Kadri Simson
The scheme was originally approved by the EU Commission on 19 August 2022. Under the scheme, the compensation is granted to eligible companies through a partial refund of the indirect emission costs incurred between 2021 and 2030.
The EU Commission has approved a €45 million Portuguese scheme to encourage freight traffic to shift from road to rail. The purpose of the scheme is to promote the modal shift of freight transport to rail, which is a greener mode of transport.
The EU Commission has approved a €158 million Dutch scheme to support the investments for the production of equipment necessary to foster the transition to a net-zero economy, in line with the Green Deal Industrial Plan.
The European Commission has approved, under EU State aid rules, a €3 billion (SEK 36 billion) Swedish scheme to support carbon capture and storage (‘CCS’) aimed at reducing carbon dioxide (‘CO2′) released during the combustion or processing of biomass (‘biogenic CO2′).
Meeting global goals for sustainable development, climate and energy security requires a substantial increase in capital investment in the energy sector. Debate on this topic tends to focus on the headline numbers, which are measured in the trillions. But in order to understand the prospects for a rise in investment, an essential starting point is understanding who is making investments in energy and who is financing these investments.
The 2024 edition of the International Energy Workshop (IEW) has concluded in Bonn, Germany last week, drawing energy modelling experts from across the globe. This year, the International Renewable Energy Agency (IRENA) hosted the event, which is regarded as a cornerstone for the international energy modelling research community.
The EU Commission launched a targeted consultation to seek feedback from the business community and public authorities on a proposed new procedure aimed at enabling public access to justice for specific Commission decisions on State aid measures, for challenges based on grounds related to alleged breaches of EU environmental law.
“Der Net Zero Industry Act ist ein Booster für die Produktion von Netto-Null-Technologien in Deutschland und Europa. Er ist ein Gesetz für Beschleunigung, Bürokratieabbau und mehr Investitionen” – Bundeswirtschafts- und Klimaschutzminister Robert Habeck.
Speaking with members of the World Bank Group Executive Board in Washington, IAEA Director General Rafael Mariano Grossi shared the IAEA’s perspective on nuclear energy.
Die Kosten des Klimawandels für Wirtschaft und Gesellschaft werden in den kommenden Jahren und Jahrzehnten immens sein. Die Folgen sind vielfältig: Neben direkten Schäden durch zerstörte Gebäude oder Infrastruktur, Produktions- und Ertragseinbußen oder Gesundheitskosten entstehen auch indirekte Schäden. Verschiedene Methoden und Modelle versuchen, zumindest die monetären Schäden sichtbar zu machen und eine quantitative Abschätzung der Dimension vorzunehmen.
The EU’s green reach strategy will need to use a broad range of levers to build equitable partnerships that will help partners make deeper emissions cuts. Bruegel, a leading EU-based think tank, points out how.
EU Commissioner for Climate Action Wopke Hoekstra meets in Rome with government representatives and stakeholders to discuss the path towards decarbonisation. He will also join climate leaders and advocates at the Climate Reality Leadership Training, organised by former US Vice-President Al Gore’s ‘Climate Reality Project’.
Hydrogen Valley Days marked a new milestone in efforts to further develop Europe’s green hydrogen regions, with the signing of the first memoranda of co-operation with national and regional authorities and the announcement of a facility designed to get more hydrogen projects to the financing stage.
Das Monitoring der Bundesregierung begleitet die Entwicklung der Energiewende fortlaufend: Wo steht die Energiewende in Deutschland? Welche Maßnahmen wurden ergriffen? Welche Wirkung entfalten sie? Und werden wir unsere Ziele erreichen oder muss nachgesteuert werden?
The European Commission has approved, under EU State aid rules, a €265 million Swedish measure made available in part through the Recovery and Resilience Facility (‘RRF’) to support H2GS AB in setting up a large-scale green steel plant.
Thanks to the new hub, cities that have already received the EU Cities Mission Label will be able to access financial advice in cooperation with advisory services of the European Investment Bank (EIB); structure their financial needs so they understand various ways of funding projects, and iIntroduce projects to a range of capital providers.
Germany is supporting the new Global Forest Landscape Restoration (FLR) Implementation Hub of the International Union for Conservation of Nature (IUCN) with 19 million euros in funding. At this year’s Oslo Tropical Forest Forum, the Federal Environment Ministry is working to accelerate the global restoration of degraded forest landscapes and reduce deforestation.
Today, the EU Modernisation Fund has disbursed €2.967 billion to support 39 energy projects in 10 EU Member States. These investments will support the modernisation of energy systems, reducing greenhouse gas emissions in the energy, industry and transport sectors, and improving energy efficiency.
The EU Commission has approved an estimated €3 billion German scheme to support the construction of the Hydrogen Core Network (‘HCN’). The measure will contribute to the achievement of the objectives of the EU Hydrogen Strategy and ‘Fit for 55’ package.
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