Europe’s Gas Plant Overbuild Threatens to Undercut Climate Credibility
November 15, 2024 12:01 amBAKU, 15 November, 2024 – As European countries position themselves as global climate leaders at COP29, a new briefing from […]
Tag Archive: Europe
Emissions Trap: Financial Institutions Still Feeding The Gas Industry
April 5, 2023 11:59 am5 April 2023 - While Europe needs to decarbonize electricity production by 2035 to limit warming to 1.5°C, a new report finds that banks and investors have provided billions of dollars in support to the gas power industry since 2019 [1]. The report’s authors, including Reclaim Finance and Beyond Fossil Fuels, call on financial institutions to restrict support for gas power in Europe to avoid locking-in carbon emissions on a huge scale, and increasing the level of stranded assets by 2035.
One year of European Commission inaction on the illegal Turów coal mine
April 29, 2021 5:45 pmPolish utility PGE will have operated Turów lignite mine illegally for one year this coming Saturday 1 May.
Romania commits to exiting coal by 2032 at the latest
September 28, 2021 5:12 pmThe Romanian government has committed the country to phasing-out hard coal and lignite power production by 2032 in its National Resilience and Recovery Plan endorsed yesterday by European Commission president Ursula von der Leyen. This plan sees coal capacity cut by more than three quarters by 2025.
Europe is halfway to closing all its coal plants
March 23, 2021 10:23 amFive years from the UN Paris Climate Agreement, half of all coal plants operating or under construction in Europe (162 […]
Europe halfway to closing all its coal plants by 2030
March 23, 2021 8:00 amJust five years on from the historic UN Paris Climate Agreement, Europe is halfway to closing all of its coal power plants by 2030.
Banque de France: Put your words into action!
January 26, 2021 12:26 pmEuropean monetary policy should support the fight against climate change and for social progress, not a system of pollution and inequalities.
Pressure on EU Parliament to close Just Transition Fund loophole
September 8, 2020 9:57 amThe European Parliament will decide whether it would allow fossil fuel companies to hijack the EU’s iconic Just Transition Fund.
Just transition in the context of the European power utilities and financial institutions
August 17, 2020 11:18 amWe are calling on financial institutions to demand that utilities develop socially responsible plans for phasing out coal by 2030, the latest.