The World Green Building Council (WorldGBC), the coalition representing over 5,000 organizations from across the building value chain, has asked Members of the European Parliament (MEPs) to back amendments to the Energy Performance of Building Directive.
Europe emerges as the largest producer of green hydrogen, the “clean” energy that could transform by 2030 the heavy industry, refinery, aviation, road freight and sea transports.
As the European Union has proposed the move towards zero-emission buildings by 2030, a significant portion of the energy consumption of these projects should be covered by energy from renewable sources.
Serbian conglomerate MK Group and Slovenian investment fund Alfi Green Energy are investing €155 million in the Krivaca wind farm, in eastern Serbia.
Two-thirds of the decline in Russian natural gas supplies has been offset, mainly through increased purchases of liquefied natural gas (LNG) and a greater volume of pipeline gas from Norway, leaving Europe with more gas in storage than it needs to meet its end-of-winter demand.
In absolute terms, the production of electricity from renewable energy sources increased by almost 5% from 2020 to 2021.
Austrian energy group OMV and Hungary-based low-cost airline Wizz Air have signed a Memorandum of Understanding (MoU) for the supply of approximately 185,000 tonnes of Sustainable Aviation Fuel (SAF) for the period 2023 to 2030.
The European Commission approved the acquisition of Lotos by Polish PKN Orlen in the summer, and the news also had Hungarian implications, as PKN had to sell assets in order to acquire its sector partner, some of which were to be obtained bz Hungarian energy group Mol. The latest news is that this transaction has been completed, with Mol buying Lotos Paliwa, which operates 80% of the petrol stations owned by the Lotos oil company, for a total of USD 610 million.
According to the International Energy Agency (IEA), even though the share of renewables in the energy mix is increasing across the European Union, pollution has increased: more and more member states are counting firewood as a green solution, while carbon emissions are still rising. Hungary is one of the biggest statistical tricksters.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
