EU reinforces support for Vietnam’s Just Energy Transition with €430 million package

This article is published in association with European Investment Bank. Commissioner Síkela met with the deputy Prime Minister of Vietnam, Bùi Thanh Sơn during the Global Gateway Forum. In the margins of the meeting, the European Commission and other Team Europe actors announced a comprehensive €430 million package to advance the Bac Ai Pumped Hydro Storage […]

How to Build Public Support for Energy Subsidy and Pension Reforms 

This article is brought to you in association with the European Commission.This article is published in association with IMF. Era Dabla-Norris, Davide Furceri, Mauricio Soto Many countries struggle with low economic growth and high debt and will need bold fiscal actions to restore their finances. Two significant areas for potential savings are energy subsidies and pension systems. However, reforms in both areas can be unpopular with the public. Public […]

EIB Group approves new financing for European security, transport, energy, water and deep-tech as well as support for Ukrainian firms

This article is brought to you in association with the European Parliament.This article is published in association with European Investment Bank. The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF), meeting this week, approved new financing to support economic prosperity and resilience, boost innovation and EU’s strategic autonomy in new technologies, and deepen global partnership. “The EIB Group is responding […]

EBRD, EU and Japan support energy-saving investments in North Macedonia

This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is stepping up its support for green finance with new funds for Komercijalna Banka AD Skopje in North Macedonia. The EBRD’s loan of up to €3.5 million under the Green Economy Financing Facility (GEFF) will support energy-efficiency investments by homeowners, […]

EIB Board of Directors backs €8.4 billion of new financing for housing, education, energy, water and business investment

This article is published in association with European Investment Bank.This article is published in association with European Investment Bank. The Board of Directors of the European Investment Bank (EIB) today approved €8.4 billion of new financing to build homes and schools, harness renewable energy, upgrade water, transport and communications networks and bolster business innovation and growth in Europe and around the world. “Today we approved […]

Italy: From the EIB €100 million to Snam to support energy efficiency

This article is brought to you in association with the European Commission.This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Snam have signed a financing agreement for €100 million to support energy improvement projects in public buildings and energy efficiency measures for industrial activities. The framework financing agreement can be used in several tranches over three years. Each tranche will […]

The energy transition could shift the global power centre. This expert explains why

Connecting Europe Facility – EESC calls for strong increase in funding for energy and transportThis article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Liam Coleman, Senior Writer, Forum Agenda The clean energy transition “is going to be one of the greatest economic opportunities since the Industrial Revolution”, according to global energy policy expert Jason Bordoff. In 2022, investments in renewables reached […]

How India is emerging as an advanced energy superpower 

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maciej Kolaczkowski, Manager, Advanced Energy Solutions Industry, World Economic Forum, Debmalya Sen, Lead, Advanced Energy Solutions, World Economic Forum, C4IR India, Jeremy Williams, Project Fellow, Advanced Energy Solutions, World Economic Forum India is emerging as a global powerhouse […]

European consumers and industry to benefit from clean, secure and stable energy supplies with key market reforms now adopted

This article is brought to you in association with the European Economic and Social Committee.This article is brought to you in association with the European Commission. The Commission welcomes today’s adoption of important electricity and gas market reforms and the new regulatory framework to boost the development of hydrogen and other decarbonised gases. These reforms highlight Europe’s determination to pursue the clean energy transition while enhancing security of supply and consumer […]

Why the energy transition needs ‘bridge’ solutions

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Tarek Sultan, Vice-Chairman of the Board, Agility French philosopher Voltaire gets credit for the declaration that “perfect is the enemy of the good.” We’re seeing his idea play out to some degree amid one of the most profound undertakings […]

Circularity of critical metals in the energy transition: What we can learn from platinum group metals

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Margery Ryan, Market Research Manager, Platinum Group Metals, Johnson Matthey, Anis Nassar, Lead, Circular Economy Innovation and Business Engagement, World Economic Forum The energy transition is the most important lever to decrease greenhouse gas (GHG) emissions, and 75% […]

Energy efficiency of buildings: MEPs adopt plans to decarbonise the sector

This article is brought to you in association with the European Parliament. On Tuesday, MEPs adopted plans, already agreed upon with Council, to help reduce energy consumption and greenhouse-gas emissions from the buildings sector. The proposed revision of the Energy Performance of Buildings Directive aims to progressively reduce greenhouse gas (GHG) emissions and energy consumption in […]

How to achieve a just and responsible energy transition in ASEAN

This article is brought to you in association with the European Economic and Social Committee.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Afiq Zarim, Head (Project), PETRONAS, Asheesh Sastry, Managing Director and Senior Partner, Boston Consulting Group ASEAN stands as the world’s fourth-largest energy consumer, with a fast-growing population reaching close to 700 million. The region saw a 3% annual growth rate in energy […]

5 of the biggest talking points in energy in 2023

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Roberto Bocca, Head of Centre for Energy and Materials; Member of the Executive Committee, World Economic Forum With so much coverage of energy and energy transition news throughout 2023, keeping up with key events can be a challenge. […]

These 3 charts show energy prices in the EU

This article is brought to you in association with the European Economic and Social Committee.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Forum Agenda Energy prices in Europe are starting to stabilize but remain high with big price discrepancies between countries, Eurostat finds.The Netherlands saw the biggest jump in household electricity bills of 953%, while gas […]

5 smart renewable energy innovations

This article is brought to you in association with the European Commission.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Forum Agenda This article was first published on 16 May 2023 and was updated on 21 September 2023. The need for renewable energy innovation has never been greater. In its 2023 report, Fostering Effective […]

MEPs back plans to protect consumers from energy market manipulation

This article is brought to you in association with the European Commission.This article is brought to you in association with the European Parliament. The law aims to tackle increased market manipulation by strengthening transparency, oversight mechanisms, and the role of the agency for the cooperation of energy regulators.The legislation adopted by the Industry, Research and Energy Committee on Thursday introduces new measures to better protect the EU’s […]

This is how much money renewable energy is saving Europeans

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda Russia’s invasion of Ukraine caused significant spikes in the cost of natural gas and coal in Europe, leading to increased energy prices.But new renewable power capacity has helped reduce the scale of these […]

Is the energy sector prepared for cyber breaches?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Torkington, Senior Writer, Forum Agenda The number of weekly cyberattacks on energy companies has doubled since 2020.A lack of skilled cybersecurity professionals is adding to vulnerabilities in the energy sector.The Forum’s latest Global Security Cybersecurity Outlook offers […]

Storage is the key to the renewable energy revolution

This article is published in association with European Investment Bank.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: James Larsen, Chief Executive Officer, e-Zinc Investment in renewable energy is skyrocketing, in line with ambitious national targets aimed at curbing carbon emissions.As renewable energy capacity grows, we must identify and expand better ways of storing this energy, […]

EU-CELAC Summit: EU and Uruguay boost cooperation on renewable energy, energy efficiency and renewable hydrogen

This article is brought to you in association with the European Commission.This article is brought to you in association with the European Commission. Today, the EU and Uruguay have decided to step up their cooperation in pursuing the clean energy transition. At the EU-CELAC Summit in Brussels, Commissioner for Energy Kadri Simson and Uruguay’s Minister for Foreign Affairs Francisco Bustillo Bonasso signed a Memorandum of Understanding on […]

This is how climate and environmental policies influence energy investment choices

This article is brought to you in association with the European Commission.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Xiaoyan Zhou, Lead Sustainable Finance Performance, Oxford Sustainable Finance Group, University of Oxford, Gireesh Shrimali, Head of Transition Finance Research, Oxford Sustainable Finance Group, University of Oxford Governments use climate and environmental (CE) policies to affect the scale, pace, […]

How to finance the energy transition in Asia

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Ayla Majid, Founder and Chief Executive Officer, Planetive The recent global energy dynamics have stimulated a rethink of the future of energy security and energy transition equations. There is greater recognition of building resilience, as different regions are required […]

3 ways South-East Asia can fund its clean energy ambitions

This article is published in association with European Investment Bank.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mili Fomicov, Researcher, Centre for Climate Finance & Investment, Imperial College London, Justine Roche, Lead, Energy Initiatives, World Economic Forum A massive scale-up of clean energy investments in South-East Asia is essential to meet climate targets.With $180 billion of […]

How ASEAN can seize its energy opportunities

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Espen Mehlum, Head, Energy Transition Intelligence and Regional Acceleration, World Economic Forum In a fast-evolving global landscape, ASEAN countries must seize the moment to accelerate the energy transition. This is critical to build a greener path for growth, while […]

Here’s how Nigeria is tackling the barriers to its green energy transition

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Abir Ibrahim, Community Lead, Regional Agenda, Africa, World Economic Forum Approximately 71% of Nigeria’s population does not have access to energy.The Nigerian government plans to achieve universal energy access by 2030.The energy sector faces major financial and technical challenges.According […]

Joint gas purchasing: The AggregateEU mechanism to increase energy security for Europe

This article is brought to you in association with the European Commission. 1. What is AggregateEU and how is it linked to the EU Energy Platform? AggregateEU is the new EU mechanism enabling demand aggregation and joint gas purchasing at the European level. It was set up following the adoption of Council Regulation (EU) 2022/2576 (the […]

European Green Deal: New EU-Norway Green Alliance to deepen cooperation on climate, environment, energy and clean industry

This article is brought to you in association with the European Commission.This article is brought to you in association with the European Commission. Today, the EU and Norway have established a Green Alliance to strengthen their joint climate action, environmental protection efforts, and cooperation on the clean energy and industrial transition. The agreement was signed in Brussels by the President of the European Commission, Ursula von der […]

Global Gateway: EU and Togo strengthen partnership in sustainable agribusiness, energy and connectivity

This article is brought to you in association with the European Parliament.This article is brought to you in association with the European Commission. As part of Global Gateway, the EU is announcing a new contribution of €70 million for two Team Europe Initiatives (TEIs) to boost agri-businesses, energy and connectivity in Togo in line with the country’s 2025-development plan, in partnership with France and Germany and the […]

Energy security doesn’t have to cost us the planet

This article is brought to you in association with the European Economic and Social Committee.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Chris Hamill-Stewart, Writer, Forum Agenda In the past year, the global economy — and peoples’ lives — have been convulsed by an energy crisis that shows no signs of abating. Meeting the global demand for energy has never been […]

EU reaches deal on higher renewable energy share, oil prices jump, and the other energy stories you need to read this week

Romania to expand solar-power production with €34 million in financing from EIB with European Investment Bank.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Roberto Bocca, Head of Shaping the Future of Energy and Materials; Member of the Executive Committee, World Economic Forum 1. EU reaches deal on higher renewable energy share by 2030 The European Union reached a provisional deal on 30 […]

European Green Deal: EU agrees stronger legislation to accelerate the rollout of renewable energy

This article is published in association with European Investment Bank.This article is brought to you in association with the European Commission. The Commission welcomes the provisional agreement reached today between the European Parliament and the Council to reinforce the EU Renewable Energy Directive. This deal brings the EU one step closer to completing the “Fit for 55” legislation to deliver the European Green Deal and the REPowerEU […]

Investment Committee paves way for first InvestEU projects by EBRD to support green mobility and energy

This article is brought to you in association with the European Commission. More than €1.1 billion in finance to be mobilised in sustainable projects, supported by €150 million in InvestEU guarantees On Friday, 24 March 2023, the InvestEU Investment Committee has approved guarantees worth up to around €150 million in the form of framework agreements for […]
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