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EU needs over $760 bln/yr to hit green transition targets

Europe will require investments of more than 700 billion euros ($762.44 billion) a year to meet its energy transition goals to combat climate change, the European Union Commission said on Thursday.

read more... 07/07/2023

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Major banks yet to match EU with nuclear green label

None of the world's 30 major banks have explicitly included nuclear energy in their criteria for issuing green or sustainability-linked bonds, researchers said on Thursday, despite an EU decision last year to label it as sustainable.

read more... 06/07/2023

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Italy boosts 2030 renewable capacity goal to 131 GW

Italy expects to reach 131 GW of renewable energy capacity by 2030, more than doubling the country’s current green power fleet, according to a revision of its climate and energy plan seen by Montel.

read more... 05/07/2023

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Portugal doubles 2030 goals for solar and hydrogen capacity

Portugal has more than doubled its 2030 goals for installed capacity of solar energy and electrolysers to produce green hydrogen, as it aims to decommission natural gas-fired power plants by 2040 and possibly become carbon neutral by 2045.

read more... 04/07/2023

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Spain raises bet on green hydrogen, biogas in draft plan

Spain will double its 2030 biogas production target and almost triple its green hydrogen goal as part of a broad upgrade of its energy and climate ambitions, a draft of the government's strategy showed on Wednesday.

read more... 30/06/2023

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