Monday, 10 March 2025

Europe

Banks were also rarely found to provide a breakdown of how much sustainable financing they would provide to each sector (Victoria Jones/PA)
BusinessClimateEconomyElectricityEmissionsEnvironmentFinanceFuelIndustryInfrastructureNewsPolitics

Big banks in EU urged to step up on sustainable finance in 2025

Europe's largest banks, including Barclays and HSBC, are urged to enhance sustainable finance efforts amid rising investor scrutiny.

FILE PHOTO: A general view of Energy Powerwall Home Battery charging station in Brussels, Belgium October 18, 2023.  REUTERS/Yves Herman/File Photo
AutomotiveBusinessElectric Vehicles (EVs)EmissionsEnvironmentNewsPoliticsRegulations

Europe’s carmakers discount EVs, hike petrol car prices as new emissions rules loom

European automakers raise petrol car prices while offering EV discounts to meet stricter emissions rules, facing profit challenges.

An aerial view of Drax Power Station, including the biomass power plant, in Yorkshire, U.K., on April 20, 2016. Credit: A.P.S. (UK)/Alamy via Reuters
AnalysisBiodiversityBiofuelsElectricityEmissionsEnvironmentFuelOpinionReportsSolarWind

UK can have clean, stable power by 2030 — without heavy reliance on biomass

U.K. can achieve a stable, decarbonised power system by 2030 with reduced biomass reliance, driven by wind, solar and better interconnections.

The new record comes after the Government announced plans to decarbonise the electricity grid by 2030 (Ben Birchall/PA)
ElectricityEmissionsIndustryInfrastructureNewsOffshore WindTransmissionUtilitiesWind

Britain’s turbines set new wind record ‘taking centre stage in clean energy mix’

Britain’s turbines set a new maximum wind record, topping 22,000 megawatts for the first time on Sunday, figures indicate.

FILE PHOTO: European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Frankfurt, Germany September 12, 2024. REUTERS/Jana Rodenbusch/File Photo
BusinessCoalEconomyElectricityEmissionsEnvironmentFinanceNatural GasNewsOilRegulationsTrade

EU watchdog frees green bonds from fund naming rules

The EU allows green bond funds to invest in bonds from big polluters, easing previous restrictions and supporting decarbonization efforts.

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/ File Photo
BusinessEconomyElectricityFinanceIndustryInfrastructureNewsSolarUtilitiesWind

Italy’s Erg secures 243-million-euro EIB loan for renewable energy projects

The loan will cover more than 50 per cent of the total cost of projects as it is linked to REPowerEU, the EU's...

Drought has caused lake Jablanicko to virtually dry up as Bosnia -- which is headed for its hottest year on record -- suffers prolonged drought (AFP)
ClimateEconomyEnvironmentNewsResiliencyWeather

Bosnia hits hottest year on record in 2024: meteorologists

After a scorching drought emptied one of Bosnia's largest lakes, the Balkan country is set to mark its hottest year on record in...

Prime Minister Sir Keir Starmer is visiting Norway to announce plans for a green energy deal with the country (Leon Neal/PA)
Carbon ManagementEconomyInfrastructureNewsPoliticsTrade

UK, Norway sign joint agreement to enhance carbon capture

Keir Starmer and Norway's PM sign joint agreement to enhance carbon capture efforts, aiming for finalization in 2025.

FILE PHOTO: Employees of Volkswagen AG march for higher wages during a 'warning strike' of Germany's IG Metall metalworkers' union, in Osnabrueck, Germany, November 6, 2024. The placard reads, “Jobs for all VW sites - there has never been more fight than now”. REUTERS/Teresa Kroeger/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLabourManufacturingNews

VW union calls for compromise in last-ditch talks before Christmas

Volkswagen's works council demands no plant closures as negotiations with management resume, amid threats of future strikes.

FILE PHOTO: People walk next to the N.13 gate of the Franco-Italian automaker Stellantis factory of Mirafiori, in Turin, Italy October 15, 2024. REUTERS/Remo Casilli/File Photo
AnalysisAutomotiveBusinessEconomyIndustryManufacturing

Stellantis swiftly reshapes strategy under Elkann after Tavares exit

Steered by Chairman John Elkann, Stellantis is acting swiftly to repair relations with dealers, industry partners, governments and workers.

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