The European Investment Bank (EIB) has granted Elia Transmission Belgium a credit facility of €1 billion on favourable terms for the Princess Elisabeth Energy Island. These favourable financing conditions help limit the project’s financing costs. The strategic energy project will unlock new Belgian offshore wind capacity and enable a future electricity interconnector with the United […]
The European Commission has published an evaluation study assessing how a possible new EU energy label for computers would be understood and used by consumers to support more informed purchasing choices. Under EU energy labelling rules (Regulation (EU) 2017/1369) the Commission is required to test the design and content of energy labels for each new product […]
Today, the Yara Sluiskil plant, the largest commercial carbon capture and storage (CCS) project in Europe started its operations in Sluikil, a village in the Zeeland province of the Netherlands. The CO2 will be transported by ship and permanently stored under the Norwegian North Sea at the Northern Lights facility, funded by the EU under the […]
The EU economy’s seasonally adjusted greenhouse gas emissions in the first quarter of 2026 were estimated at 837 million tonnes of CO2-equivalents (CO2-eq), a 0.3% increase compared with the fourth quarter of 2025 (835 million tonnes of CO2-eq). At the same time, there was no change to the EU’s gross domestic product (GDP) in the […]
The EU economy’s seasonally adjusted greenhouse gas emissions in the first quarter of 2026 were estimated at 837 million tonnes of CO2-equivalents (CO2-eq), a 0.3% increase compared with the fourth quarter of 2025 (835 million tonnes of CO2-eq). At the same time, there was no change to the EU’s gross domestic product (GDP) in the […]
Toyota, BMW, Bosch and Repsol have launched a six-month pilot project in Spain, in which existing vehicles will run exclusively on 100% renewable petrol. The companies aim to demonstrate that this fuel can be used in current petrol engines without modifying the vehicles or investing in new infrastructure. The pilot project, which began in early […]
The conflict in the Middle East has forced the EU to compete for supplies on global oil and gas markets, which have seen a significant reduction in supply and increased prices. Against the backdrop of such global uncertainty and energy markets tightness, the European Commission is working with Member States and industry to ensure that […]
The European Commission and the European Investment Bank have announced today the disbursement of €2.5 billion from the Modernisation Fund to support 51 energy-related projects in 11 EU Member States. Financed by revenues from the EU Emissions Trading System (EU ETS), today’s disbursement brings the total funding made available from the Modernisation Fund to €23.2 billion since January 2021. The beneficiary Member States […]
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for the green transition across the Western Balkans, and digital development across the regions outside the EU where the EBRD operates. A top-up of €150 million in the European Fund for Sustainable Development Plus (EFSD+) guarantees from […]
The European Union’s plan to reduce the number of free carbon credits granted to industry is facing resistance from six governments that have called for the rules to be relaxed to help companies cope with the impact of the Iran war on energy prices, according to a document reviewed by Reuters. The European Commission proposed […]
European Commission has selected 65 projects under the Innovation Fund Heat Auction, the first ever EU-wide auction to accelerate the deployment of innovative clean heat technologies across European industry. Across 10 European Economic Area countries, Austria, Belgium, Czechia, Denmark, France, Germany, Hungary, Portugal, Slovenia and Spain, the projects will use a wide range of technologies to decarbonise industrial heat production, and accelerate […]
The Boards of Directors of the European Investment Bank (EIB) Group approved €6 billion in new financing to promote clean energy, climate-resilient agriculture and European competitiveness. The EIB Board backed renewable energy in Austria, electricity grid upgrades in Germany, energy efficiency improvements for buildings in Slovakia and Sweden, and a new food manufacturing facility in […]
The European Commission proposed updated benchmarks for the European Union Emissions Trading System (EU ETS) for the period 2026-2030 on Monday, which will now be open to public and member state consultation before adoption, the Commission said in a statement. The updated benchmarks are a key step in determining the level of free allocation of […]
At the fifth edition of the Solar Energy Bucharest Summit, which took place last week at the Palace of Parliament, we also found the people from Sun 3R Green Recycling, the Romanian company that opened just a year ago, in Prejmer in Brașov County, the first photovoltaic panel recycling factory in Romania. “It is the […]
