bneGREEN: Meeting 1.5 °C could cost $75 trillion by 2050

By Richard Lockhart in Edinburgh January 28, 2022

Limiting global warming to 1.5 °C could reduce global GDP by 2%, or $75 trillion, by 2050 as spending must increase to accelerate the energy transition.

BioSense and NASA team up to help Serbia's agriculture sector adapt to climate change

bne IntelliNews January 26, 2022

Project intended to help Serbian agriculture cope with climate change and use water resources and land as rationally as possible.

Major Croatian energy companies turn to renewables

Denitsa Koseva in Sofia January 23, 2022

Oil and gas group INA and state oil pipeline operator Janaf have announced new commitments to renewable energy generation as the green transition gets underway in the country.

bneGREEN: Usmanov pushes sustainable copper for cleantech

Theo Normanton in Moscow January 20, 2022

Future demand for copper will increase greatly as new, greener technologies make use of the metal's unique properties. In an article published by the World Economic Forum, billionaire Alisher Usmanov made the case for increased investment in copper.

#bneGREEN: Czech real estate group CPI issues CEE's first sustainability-linked bonds in real estate

bne IntelliNews January 20, 2022

The sustainability-linked bond issue worth €700mn has an annual coupon of 1.75%.

bneGREEN: Institutional Investors Group on Climate Change urges EU to keep gas out of green taxonomy

Richard Lockhart in Edinburgh January 15, 2022

A group of sustainable investors has urged the EU to exclude gas from the new the EU Taxonomy green investment classification system.

bneGREEN: NDCs need to be rapidly improved to get near 1.5°C target

Richard Lockhart in Edinburgh January 12, 2022

Current Nationally Determined Contributions (NDCs) are nowhere near enough to keep global warming within the 1.5°C target

bneGREEN: New Czech government plans to exit coal by 2033

bne IntelliNews January 12, 2022

Environmental groups argue new target is still not ambitious enough, and attack government's proposals for building more nuclear power capacity and expanding motorways.

European Environmental Bureau says Slovenian EU presidency failed to make significant progress on green agenda

Valentina Dimitrievska in Skopje January 11, 2022

Despite efforts to reverse biodiversity loss, the Slovenian EU Council presidency achieved little on the green transition and in pushing the zero pollution ambition.

bneGREEN: Brussels labels both gas and nuclear as green

bne IntelliNews January 5, 2022

Commission says there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future.

bneGREEN: Gas and nuclear still in the running to be included in EU green taxonomy

Richard Lockhart in Edinburgh December 17, 2021

The EU is set to make a final decision on December 22 on whether to include nuclear power and natural gas in its green taxonomy.

bneGREEN: Russian Arctic temperatures soar to new record highs

bne IntelliNews December 16, 2021

Temperatures in Russia’s Arctic regions soared to fresh record highs last summer, ringing alarm bells over climate change, The World Meteorological Organization (WMO) says.

bneGREEN: Brussels outlines ambitious plans for hydrogen, methane use in bid to strengthen gas market

Richard Lockhart in Edinburgh December 15, 2021

The European Commission has published a draft bill to promote the use of hydrogen and biomethane across Europe, and to strengthen the resilience of the gas system after months of volatile gas prices and supply worries.

Hungary issues first green Panda bonds on Chinese market

bne IntelliNews December 15, 2021

Three-year bond issue helps Hungary diversify its debt issuance strategy, expand its presence on the Chinese financial market and broaden the investor base.

bneGREEN: Russia draws up carbon operator rules

bne IntelliNews December 15, 2021

The Russian Ministry for Economic Development has drawn up the procedure for determining payments for services provided by the operator of the register of carbon units.

bneGREEN: Can Russian aviation go green?

Theo Normanton in Moscow December 13, 2021

Due to its history of pioneering technological development, its expansive geography, and its vast and well-financed petrochemicals industry, Russia could be at the forefront of green air travel if it chooses to be.

Latvia issues eight-year sustainability bonds worth €600mn

bne IntelliNews December 9, 2021

Issue is Baltic states' first sustainability bond.

Russian petrochemical giant Sibur strengthens ESG targets

Dimitri Frolowsckii in Moscow December 3, 2021

Sibur, one of the world’s largest petrochemical companies, has set more ambitious ESG targets over the next five years, including in recycling, low-carbon products and energy use.

bneGREEN: Russia's $6.5 trillion decarbonising plan will launch next year

Ben Aris in Berlin December 1, 2021

Russia is revving up to launch a four-decade-long, RUB89 trillion ($1.2 trillion) investment campaign to reduce carbon emissions by 60% before 2050 from 2019 levels.

Loan guarantee for Bosnia’s Tuzla 7 coal plant confirmed as illegal

Eldar Dizdarevic in Sarajevo December 1, 2021

Further blow for Bosnian Federation's plans to update coal-fired power plant with Chinese loan after US supplier GE pulled out in June.