Connection

popular articles

Vattenfall and Industrikraft increase electricity supply in Sweden
Cortus and Nordbex sign contract for 60 MW biomass power plant
Natron Energy invests USD 1.4 billion in sodium-ion battery plant
Areva: Strategic stakes of Uramin takeover re-examined
Framatome and TechnicAtome join forces with the acquisition of Daher Valves

COP27: ISB commits to a Just Transition

The EIB (European Investment Bank), at the COP27 in Sharm el-Sheikh wishes to highlight the need for a just transition

Please share:

The EIB (European Investment Bank), at the COP27 in Sharm el-Sheikh wishes to highlight the need for a just transition. For this reason, it wishes to pay particular attention to projects concerning the African continent. It will use this opportunity to present a framework for environmental sustainability projects and to recall the importance of energy security.

For a just transition

ISB wants to increase its support for just transition projects worldwide. Ambroise Fayolle, Vice President of ISB, reminds us that countries do not have the same means to implement the green transition. Thus, through its World branch, ISB wishes to focus on green energy projects in Africa.

The ISB is about to publish a declaration for regions with carbon-intensive production. In this context of socio-economic fragility, it wishes to offer them financing and consulting services. In addition, ISB wants to expand the range of tools to finance a just transition worldwide.

The bank states that it will commit to supporting adaptation actions for populations vulnerable to the effects of climate change. Egypt, the host country for COP 27, has been an ISB intervention site since 1979. The European Investment Bank is working with the country on its strategy to combat climate change by 2050.

Multiple investments

Investments will be made in the energy, transport, agriculture and water resources sectors. COP27 will also see ISB call for the inclusion of gender in climate finance. In order to effectively combat climate change, the full participation of women is essential.

This means promoting equality between men and women, particularly in access to positions of responsibility. COP27 is also an opportunity for ISB to reiterate the importance of energy security. In this regard, Werner Hoyer states:

“Russia’s war on Ukraine is a human tragedy against a backdrop of catastrophe. It has also revealed the vulnerability and dependence of the world on fossil fuels.”

This COP27 will therefore be the showcase for the additional €30 billion funding for the REPowerEU plan. It aims to end the European Union’s dependence on Russian fossil fuels. This will be possible by investing in renewable energy and energy efficiency.

 

 

Register free of charge for uninterrupted access.

Publicite

Latest news

OECD Electricity Production Rises by 1% in August, Driven by Solar
Indian Distributors Turn to LNG
Electricity Prices in Japan Surge by Nearly 20% Due to a Cold Spell
Mukran LNG Terminal: An Immediate Response to the Suspension of Russian Deliveries to Austria
Biden: “The energy revolution in the United States is irreversible”

Recently published in

OECD Electricity Production Rises by 1% in August, Driven by Solar

Net electricity production in OECD countries increased by 1.1% in August, reaching 981.9 TWh. Solar saw a spectacular 27% growth, while fossil fuels declined in the overall energy mix.
Electricity Prices in Japan Surge by Nearly 20% Due to a Cold Spell
Electricity Prices in Japan Surge by Nearly 20% Due to a Cold Spell
en_1140474540
Electricity Prices in Japan Surge by Nearly 20% Due to a Cold Spell
Electricity Prices in Japan Surge by Nearly 20% Due to a Cold Spell
en_1140474540
Biden: “The energy revolution in the United States is irreversible”
From the Amazon, Joe Biden affirmed that the transition to clean energy is a major achievement for the United States, addressing an indirect message to Donald Trump, the next occupant of the White House.
en_1140491540
Biden: “The energy revolution in the United States is irreversible”
From the Amazon, Joe Biden affirmed that the transition to clean energy is a major achievement for the United States, addressing an indirect message to Donald Trump, the next occupant of the White House.
en_1140491540
New Russian Offensive: Ukrainian Energy Grid Severely Hit
A massive attack with drones and missiles targeted Ukraine's energy infrastructure, causing two deaths and major power outages. Kyiv denounces the intensification of strikes as winter approaches.
en_1140465540
New Russian Offensive: Ukrainian Energy Grid Severely Hit
A massive attack with drones and missiles targeted Ukraine's energy infrastructure, causing two deaths and major power outages. Kyiv denounces the intensification of strikes as winter approaches.
en_1140465540

Trump strengthens energy strategy with Chris Wright and Doug Burgum

Chris Wright, a climate skeptic and CEO specializing in hydraulic fracturing, is named Secretary of Energy. He joins Doug Burgum on the National Energy Council to drive the United States' energy dominance strategy.
Al Gore denounces the role of petro-states in organizing COPs
During COP29 in Baku, Al Gore criticized the organization of climate conferences in petro-states and called for a reform of the selection process for host countries and participants, accusing these nations of conflicts of interest.
en_1140469540
Al Gore denounces the role of petro-states in organizing COPs
During COP29 in Baku, Al Gore criticized the organization of climate conferences in petro-states and called for a reform of the selection process for host countries and participants, accusing these nations of conflicts of interest.
en_1140469540
Decarbonization: French industry will double its electricity consumption by 2050
To meet its climate targets, French industry will need to double its electricity consumption by 2050, reaching 207 TWh. This energy transition, essential for decarbonization, poses significant technological and economic challenges.
en_1140446540
Decarbonization: French industry will double its electricity consumption by 2050
To meet its climate targets, French industry will need to double its electricity consumption by 2050, reaching 207 TWh. This energy transition, essential for decarbonization, poses significant technological and economic challenges.
en_1140446540
France: Agnès Pannier-Runacher welcomes progress in the 2025 budget for Energy Transition
The 2025 budget, debated in Parliament, foresees a 2 billion euro increase for Energy Transition. Agnès Pannier-Runacher applauds additional amendments for industrial decarbonization and other key measures.
en_1140434540
France: Agnès Pannier-Runacher welcomes progress in the 2025 budget for Energy Transition
The 2025 budget, debated in Parliament, foresees a 2 billion euro increase for Energy Transition. Agnès Pannier-Runacher applauds additional amendments for industrial decarbonization and other key measures.
en_1140434540

France achieves record electricity exports in 2024

In 2024, France reaches an unprecedented level of electricity exports in 22 years, supported by increased nuclear and hydropower production and moderated domestic demand. A strategic success in the European energy market.
China: New Ambitious Climate Goals Unveiled at COP29
The Chinese vice premier announced revised commitments aimed at achieving carbon neutrality before 2060, while pledging increased financial contributions to support developing countries in addressing climate challenges.
en_1140441540
China: New Ambitious Climate Goals Unveiled at COP29
The Chinese vice premier announced revised commitments aimed at achieving carbon neutrality before 2060, while pledging increased financial contributions to support developing countries in addressing climate challenges.
en_1140441540
COP29: Brazil Calls for Responsible Use of Natural Resources
At COP29, Brazilian Environment Minister Marina Silva responded to the Azerbaijani president's remarks, advocating for the measured use of natural resources, especially oil, while affirming Brazil’s climate commitments.
en_1140440540
COP29: Brazil Calls for Responsible Use of Natural Resources
At COP29, Brazilian Environment Minister Marina Silva responded to the Azerbaijani president's remarks, advocating for the measured use of natural resources, especially oil, while affirming Brazil’s climate commitments.
en_1140440540
Low Risk for France’s Electricity Supply This Winter, Says RTE
Low Risk for France’s Electricity Supply This Winter, Says RTE
en_1140443540
Low Risk for France’s Electricity Supply This Winter, Says RTE
Low Risk for France’s Electricity Supply This Winter, Says RTE
en_1140443540

The United Kingdom positions itself as a climate leader at COP29 with ambitious goals

At COP29 in Baku, the United Kingdom unveiled an ambitious plan to cut greenhouse gas emissions by 81% by 2035, asserting its leading role in global climate diplomacy.
France: a clause to adjust electricity tax based on market fluctuations
The French government proposes a "rendezvous clause" to adjust the electricity tax increase, ensuring a 9% decrease in regulated electricity bills for the majority of households by February 2025.
en_1140406540
France: a clause to adjust electricity tax based on market fluctuations
The French government proposes a "rendezvous clause" to adjust the electricity tax increase, ensuring a 9% decrease in regulated electricity bills for the majority of households by February 2025.
en_1140406540
Thailand: Nine Illegal Bitcoin Mining Farms Shut Down for Massive Electricity Theft
Thai authorities have dismantled nine illegal Bitcoin mining farms accused of stealing over €270,000 worth of electricity. Two suspects have been arrested for large-scale energy fraud.
en_1140415540
Thailand: Nine Illegal Bitcoin Mining Farms Shut Down for Massive Electricity Theft
Thai authorities have dismantled nine illegal Bitcoin mining farms accused of stealing over €270,000 worth of electricity. Two suspects have been arrested for large-scale energy fraud.
en_1140415540
COP29: The United States Promises to Continue Climate Action Despite Political Uncertainty
On the eve of a possible Trump presidency, the United States seeks to reassure its partners on its climate commitment at COP29, amidst North-South tensions and a debate on financial aid for developing countries.
en_1140400540
COP29: The United States Promises to Continue Climate Action Despite Political Uncertainty
On the eve of a possible Trump presidency, the United States seeks to reassure its partners on its climate commitment at COP29, amidst North-South tensions and a debate on financial aid for developing countries.
en_1140400540

Scottish Justice: Greenpeace and Uplift Challenge the Authorization of Rosebank Oil Field

Two environmental NGOs are challenging in Scottish court the authorization to drill in the Rosebank and Jackdaw oil and gas fields in the North Sea, denouncing their impact on the UK's climate objectives.
The Urgent Call of the German Energy Sector in the Face of Political Instability
The German energy sector urges the government to pass key reforms before the planned dissolution of parliament in January, fearing prolonged gridlock following the coalition's collapse.
en_1140364540
The Urgent Call of the German Energy Sector in the Face of Political Instability
The German energy sector urges the government to pass key reforms before the planned dissolution of parliament in January, fearing prolonged gridlock following the coalition's collapse.
en_1140364540
End of Biden’s Strategy for Replenishing the U.S. Strategic Petroleum Reserves
The White House completes its oil purchasing program to replenish strategic reserves, marking the end of a controversial initiative aimed at strengthening energy security after massive releases in 2022.
en_1140366540
End of Biden’s Strategy for Replenishing the U.S. Strategic Petroleum Reserves
The White House completes its oil purchasing program to replenish strategic reserves, marking the end of a controversial initiative aimed at strengthening energy security after massive releases in 2022.
en_1140366540
COP29: Australia Increases Climate Support and Advocates for Green Hydrogen
As a contender to host COP31, Australia is pushing for ambitious climate commitments at COP29 in Azerbaijan, while promoting green hydrogen initiatives for Asian markets.
en_1140369540
COP29: Australia Increases Climate Support and Advocates for Green Hydrogen
As a contender to host COP31, Australia is pushing for ambitious climate commitments at COP29 in Azerbaijan, while promoting green hydrogen initiatives for Asian markets.
en_1140369540

China Adopts New Law to Accelerate Carbon Neutrality by 2060

China has ratified an ambitious legislation aimed at promoting carbon neutrality and framing sustainable energy development in response to growing climate challenges.
Brazil raises its greenhouse gas reduction target for 2035
Brazil has increased its greenhouse gas reduction target from 59% to 67% by 2035 as part of its commitment to the Paris Agreement.
en_1140363540
Brazil raises its greenhouse gas reduction target for 2035
Brazil has increased its greenhouse gas reduction target from 59% to 67% by 2035 as part of its commitment to the Paris Agreement.
en_1140363540
Iran faces fuel shortage: electricity rationed to avoid energy crisis
In response to a fuel shortage threatening the power plants, Iran has announced electricity rationing in Tehran and several provinces. The duration of this measure remains unknown.
en_1140381540
Iran faces fuel shortage: electricity rationed to avoid energy crisis
In response to a fuel shortage threatening the power plants, Iran has announced electricity rationing in Tehran and several provinces. The duration of this measure remains unknown.
en_1140381540
Washington: Carbon Market Preserved After Rejection of Initiative 2117
Voters in Washington rejected Initiative 2117, ensuring the continuation of the carbon market established in 2021. This decision could drive up carbon allowance prices.
en_1140344540
Washington: Carbon Market Preserved After Rejection of Initiative 2117
Voters in Washington rejected Initiative 2117, ensuring the continuation of the carbon market established in 2021. This decision could drive up carbon allowance prices.
en_1140344540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS