Climate change policy

Eurobank announced on Wednesday it had successfully completed the pricing of 850-million-euro Green Senior Preferred Notes.

The notes are expected to be assigned an investment grade rating of Baa2 from Moody's, following the bank's recent upgrade to investment grade from the same agency.

The cost of carbon dioxide emissions into the atmosphere is set to be decoupled from gas prices in the European Union, marking a historic shift in the dynamic between the two markets, according to the head of natural resources research for the EMEA region at Goldman Sachs Group Inc.

As high temperatures drive up energy demand in Cyprus, the island remains heavily reliant on oil for electricity production. This dependency places Cyprus at the bottom of the European Union's decarbonization efforts, in stark contrast to the energy policies and carbon footprints of other European nations.

BELGRADE - Minister of Mining and Energy Dubravka Djedovic Handanovic announced on Thursday the Serbian government had adopted an integrated energy and climate plan under which 45 pct of the country's electricity should come from renewable energy sources by 2030.

The European Union needs to double targeted investment to meet its 2030 climate goal, a consortium of research organisations has said, warning that the pace of Europe's related action must accelerate.

Delivering on the 2030 objective is pivotal for the EU's ability to achieve an ambitious target of net zero greenhouse gas emissions by 2050 and end its contribution to global warming.

Greece faced the risk of power outages, currently low consumption and increased production of RES develop possibility of a 50% curtail in green energy 

Türkiye remains committed to a diversified energy portfolio, investing in both traditional and renewable energy sources, Energy Minister Alparslan Bayraktar has said.

The Climate Change Mitigation Strategy and Action Plan (IDASEP), which was prepared to reach Türkiye's 2053 net zero emission target, lists the steps to be taken until 2030 one by one.

A recent report by the non-profit think tank InfluenceMap has unveiled startling insights into the world's carbon dioxide emissions landscape. According to the Carbon Majors report released on Thursday, a mere 57 fossil fuel and cement producers have been accountable for a staggering 80% of global CO2 emissions from 2016 to 2022.

Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years thanks to continued expansion of clean technologies, the International Energy Agency said Friday.