Aneta Paunoska

Energy island to support energy needs of Romania and Bulgaria

Black Sea energy island for offshore wind development in Romania and Bulgaria

Renewables

There is a “best alternative until 2030” for the development of offshore wind in Romania and Bulgaria. According to research by the Bucharest-based think tank Energy Policy Group (EPG), it would be the creation of an artificial energy island in the Black Sea. The “Offshore Wind – the Enabler of Romania’s Decarbonization” research suggested that …

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UK failed with its environmental protection plan

Environment watchdog: UK government’s environmental protection plan is completely inadequate

Sustainability

The UK government has failed miserably to carry out its 25-year environmental protection plan to repair the environment. This is according to the country’s nature protection agency, which highlighted, in particular, a persistent drop in the abundance of important plant and animal species on Thursday. The government released targets in a wide range of areas …

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solar power

Australia adds 3GW of new capacity in 2022; to meet its renewable energy target, it needs double it

Renewables

The Australian Energy Market Operator has released its most recent connections statistics, revealing that 2.9 gigawatts (GW) of new renewable energy capacity was connected in 2022. It is a little increase over 2021 but with fewer and generally larger projects. The 2.9GW total comprises newly connected projects. The majority of them are presumably not operating …

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Zambia is a candidate for debt-for-nature swap of $13 billion

Zambia accepted a $13 billion restructuring “debt-for-nature” plan from WWF

Climate Change

While difficult to secure and not included in the current negotiations, Zambia received a “debt-for-nature swap” proposal. It is a part of its $13 billion restructuring discussions. This plan might create an environmentally favorable precedent for other debt crises if included. Zambia has become a test case for the G20-led “Common Framework” restructuring vehicle introduced …

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Steel recycling company is No.1 sustainable business in the world

Steel recycler defeats wind firm to become the most sustainable business in the world

Sustainability

Which business is the most sustainable in the world? Surprisingly, research company Corporate Knights claim that Schnitzer Steel Industries, a U.S. waste steel recycler, is the number one. Schnitzer Steel Industries has dethroned wind turbine manufacturer Vestas Wind from the top rank. Based in Portland, Oregon Schnitzer Steel led the 2023 Global 100, a ranking …

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EU's green deal as alternative to US's IRA

WEF in Davos: EU could confront the US climate game changer with own green deal

Policy

The European Union announced on Tuesday that it would mobilize state subsidies and a sovereignty fund to deter businesses from migrating to the United States. It will be a kind of EU green deal in response to American efforts to accelerate its energy transition. Ursula von der Leyen, the president of the European Commission, stated …

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Electric vehicles rental available though Hertz for Uber drivers

Hertz will rent 25,000 electric vehicles to Uber drivers throughout Europe

Sustainability

By 2025, Hertz, a car rental company, will offer up to 25,000 electric vehicles (EVs) for rent to Uber drivers in European capital cities, the two companies announced on Tuesday. Starting this month in London, Hertz will begin rolling out the rental agreement, which will include vehicles from Tesla and Polestar. By 2025, Uber drivers …

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Francesco La Camera, IRENA chief

IRENA chief La Camera gets second term: Global body sets new strategy

Policy

Francesco La Camera was selected as the director-general of the International Renewable Energy Agency (IRENA) for a second four-year term. IRENA said that it will adopt a new strategy centered on urgent and targeted action. IRENA generally works to accelerate the deployment and integration of renewable energy technologies globally. It does this by providing analysis …

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Greenwashing in EU's legislative is not neccessary

Businesses don’t like the EU’s proposal for the legal definition of greenwashing

Policy

Fund industry associations have advised the European Union’s markets watchdog that it should not define greenwashing in legislation due to worries that doing so would complicate a sector that is “in constant movement.” Investments claiming to be climate-friendly have received billions of dollars, but there haven’t been many penalties for greenwashing or overstating one’s environmental …

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The EU welcomes (almost) green nuclear-derived hydrogen

Hydrogen myths propagated by the fossil fuel industry and the facts

Energy Transition

Hydrogen as a fuel still receives a lot of interest. This is especially true now that the United States is introducing new federal incentives to encourage the use of greener H2-generating techniques. There are several reasons why the current influx of blue and green hydrogen project proposals is concerning. It is so, particularly for communities …

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