Southeast Europe / bneGREEN

World Meteorological Organisation issues ‘red alert’ on climate crisis

bne IntelliNews March 27, 2024

The UN’s World Meteorological Organisation has issued a “red alert” on the climate crisis, citing unprecedented increases in 2023 in greenhouse gases, land and water temperatures and melting of glaciers and sea ice.

North Macedonia aims to attract almost $600mn for green transition

Valentina Dimitrievska in Skopje March 20, 2024

Skopje secures $85mn from Climate Investment Funds in first step towards coal phase-out.

Cheap coal from Putin fires Turkey up the dirty power generation league

Akin li in Belgrade March 18, 2024

Country dislodges Poland from second spot in Europe for electricity made with coal. Ankara took advantage of lower Russian shipment prices caused by EU embargo.

NGO warns Bulgaria over plans to swap coal for fossil gas

bne IntelliNews March 14, 2024

CEE Bankwatch says Sofia's intention to replace coal-fired with gas-fired power plants is unfeasible given it has no strategy or financial plan.

Energy-related CO2 emissions increased last year, but slower than in 2022, says IEA

bne IntelliNews March 6, 2024

In 2023, global CO2 emissions from energy rose at a slower pace compared with the previous year.

EU wants fossil fuel companies to help pay to fight climate change

by Roberta Harrington in Los Angeles March 6, 2024

The European Union plans to urge the fossil fuel industry to aid in combating climate change in less affluent countries under a United Nations objective, a preliminary document reveals.

Jellyfish invasion threat to Turkey’s tourism ambitions

bne IntelliNews February 28, 2024

Already battling “sea snot”, country’s scientists warn enormous swarms of the unsightly stingers threaten resort hotspots.

Fusion another step closer?

by Roberta Harrington in Los Angeles February 21, 2024

Fusion, the holy grail of the energy transition, is closer than ever before. But it’s still unclear whether it can be commercialised in time to ward off the climate crisis.

World must invest $8 trillion in renewables by 2030 to meet COP28 goal

by Roberta Harrington in Los Angeles February 14, 2024

Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.

Warning of new ice age in Europe as currents in the Atlantic approach a catastrophic tipping point

Ben Aris in Berlin February 14, 2024

The currents that circulate in the Atlantic are approaching a “tipping point” that will change the way water flows around the oceans of the world, which will have a catastrophic climate impact on countries around the world.

Hydrogen production and demand to grow in 2024, but only slowly

bne IntelliNews February 12, 2024

Hydrogen production and use are expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow.

Oil and gas companies to invest over $1 trillion in the next decade expanding production

bne IntelliNews February 12, 2024

A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.

Massive hydrogen reservoir discovered under chromium mine in Albania

bne IntelliNews February 9, 2024

The reservoir beneath the Bulqizë mine is estimated to hold as much as 55,000 tonnes of hydrogen.

Earth has already passed 1.5 degrees warming, says study

by Roberta Harrington in Los Angeles February 7, 2024

The Earth may have passed 1.5 degrees Celsius of warming and in fact could soon reach 2 degrees, say international researchers who studied 300-year-old sea sponges in the Caribbean.

NEO: EU green ambitions under siege amid Red Sea crisis, Russian aluminium ban fears

NEO January 26, 2024

The EU has long positioned itself as a global champion of green energy and the world’s battle against climate change but the Red Sea Crisis and a mooted ban on Russian aluminium imports are undermining those goals.

Low-emissions electricity to outpace demand increase for next three years at least

by Roberta Harrington in Los Angeles January 24, 2024

Low-emissions electricity generation will outpace robust electricity demand growth for the next three years. This is because renewables are growing rapidly and nuclear power is on track to reach a new all-time high in 2025, says a new IEA report.

INTERVIEW: Renewables company Notus expands in Southeast Europe

Clare Nuttall in Pristina January 22, 2024

Notus Energy is expanding in Southeast Europe after successfully building Kosovo’s largest wind farm.

New wave of online climate denial on the rise

Roberta Harrington in Los Angeles January 21, 2024

A wave of “New Denial” of climate change is rising online, with potentially dire consequences, according to a study.

OMV Petrom steps towards green future with renewables and electromobility deals

bne IntelliNews January 4, 2024

Southeast Europe’s biggest energy company buys into wind and solar power company and EV charging network.

North Macedonia fails yet again to get €1bn Cebren HPP project started

Valentina Dimitrievska in Skopje January 4, 2024

14th tender for the Cebren hydropower plant with one of the world's tallest dams fails after efforts that started back in the 1960s.

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