Carbon offset

Henkel's Adhesive Technologies plant in İstanbul's Tuzla district, has achieved carbon neutrality, marking a significant milestone in the company's ambitions to become climate positive across its global operations by 2030.

The financial cost of U.K. aviation cutting carbon emissions will push up ticket prices, slowing passenger demand growth, an industry body has forecast.

Sustainable Aviation predicted in a report that this slowdown will correspond to a "reduction in projected aviation activity of 14.3 percent in 2050" from earlier forecasts.

The IMF has called on European governments to pass on rising energy costs to wealthier consumers to encourage "energy conservation" and a switch to greener energy, the Financial Times reports.

Governments across Europe have tried to protect households from skyrocketing costs with broad price controls, tax cuts and subsidies.

Responding to increased demand as a result of nosediving global oil prices, the Greek government is planning a legislative amendment that will extend the period during which the sale of heating oil is permitted to May 15 from the customary deadline of April 30.

The Finance Ministry is attempting to drastically slash the time it takes for the state to pay off its debts to suppliers and to offset debts to taxpayers or suppliers with any dues to all general government entities, in order to stop the creation of new overdue arrears to and by the state.

This will be accomplished through an online platform that has been created for that purpose.

US air carrier JetBlue is beginning to use recycled fuel to cause less environmental damage. The innovative solution is part of a major plan by the company to support nature conservation, writes BBC.

JetBlue has announced that they'll carbon offset all of their domestic flights as of July 2020.

Hellenic Petroleum, Greece's biggest oil refiner, reported a 15 percent rise in third-quarter core profit on Thursday with stronger sales volumes more than offsetting lower refining margins.

A protest against the construction of a waste burning site in the middle of Sofia will be held today, Nova TV reported. The idea was to use alternative fossil fuel made through burning waste.

By next month the calculation of the social security contributions of 1.4 million self-employed professionals, freelance workers and farmers will have started, based on their 2016 incomes, and by the end of the year the process of offsetting rebates against any contribution debts will be completed according to a law recently passed through Parliament.

Austrian energy company EVN has reached an out-of-court settlement with the National Electric Company (NEK) on an old dispute dating back to 2012 - 2013.

The amount is unknown but the Austrian group estimates that the funds agreed will raise its net profit for the current quarter by EUR 38 M.