Low-carbon economy

EU debates 2040 milestone towards carbon-neutral future

The EU plans to be carbon neutral by 2050, but to get there it needs to pass two decadal milestones - each implying massive adaptation by industry and consumers.

The first of those has already been set: achieving at least a 55 percent reduction in greenhouse gas emissions by 2030, compared with a 1990 baseline.

Bucharest hosting the high-level renewables investment event Energy Week Black Sea

On 6-8th February, the international renewables investment conference Energy Week Black Sea will take place in Bucharest, Romania.

The burgeoning allure of the Romanian market to renewable energy investors is steadily ascending, serving as an eminent focal nexus for the entire region in its collective journey towards the transformative embrace of sustainable energy.

Romania Grapples with Soaring Electricity Prices, Lagging Renewable Goals

Romania is facing a staggering reality as its electricity prices surge relative to purchasing power, revealed in a recent report by the Romanian Court of Accounts, disclosed by Digi24. In the EU, Romania witnessed the most substantial electricity price hike, soaring by a staggering 112.35% in the latter half of 2022.

Bulgaria's Just Transition: EU Injects EUR 1.2 Billion to Transform Coal Regions into Green Hubs

Bulgaria embarks on a green revolution with the European Commission's endorsement of the country's Territorial Just Transition Plans (TJTPs), marking a monumental stride toward sustainable development. The European Union's Just Transition Fund (JTF) is set to infuse Bulgaria with EUR 1.2 billion, earmarked to empower regions grappling with coal phase-outs and CO2 emission cuts.

Bucharest Hosting the 4th Edition of Energy Week Black Sea

On 6-8th February 2024, the international renewables investment conference Energy Week Black Sea will take place in Bucharest, Romania.

Well-known for its role in the gas industry, the Black Sea region will be once again brought together to foster the deployment of renewables and encourage the transition to secure, clean and affordable energy.

China emissions could fall in 2024 on renewables jump

China's carbon emissions are likely to fall in 2024 because record growth in renewable energy capacity is now sufficient to cover growing demand, a new analysis finds.

China is the world's largest greenhouse gas emitter and has brushed aside calls for a more ambitious carbon neutrality target than its current 2060 goal.

RES see their share expand

Net energy from renewables and large hydroelectrics in the first eight months of 2023 reached an all-time high of 16,683 gigawatt-hours, according to data from Greece's transmission system operator, ADMIE, processed by The Green Tank.