In its latest report, McKinsey & Company demonstrates that there is a cost-optimal, feasible pathway to reduce the EU’s emissions by 55% by 2030 and becoming climate-neutral without compromising prosperity.
Investments in fossil fuels will not receive funding under the Just Transition Fund. However, gas projects that meet the taxonomy criteria of 'do no significant harm' could still access funding from the regional development fund until 2025.
Hungary aims to achieve a three-fold increase of solar capacity by 2030 in the industrial and household sectors combined. The goal is to increase the rate of carbon-free electricity production to 90%, relying on nuclear and solar energy.
Hungarian Foreign Minister Péter Szijjártó said that Hungarian and Russian state-owned companies involved in the natural gas trade between the two countries could begin talks on a new gas supply deal.
LOTOS Asfalt in cooperation with the Gdańsk University of Technology undertook to develop innovative eco-asphalt for Polish roads that will significantly contribute to the reduction of air pollution in the area of the road lane.
The Czech Republic’s Coal Commission recommended withdrawing from coal mining by 2038, also considering scenarios of an earlier (2033) and later (2043) coal-exit as well. The final decision rests now with the Czech government.
The average rate of renovation should be increased to at least 3 per cent per year to ensure the renovation of the full building stock by mid-century, also leading to a green economic recovery from the coronavirus.
Naftogaz Group has joined the Oil and Gas Methane Partnership 2.0, a voluntary global industrial initiative to reduce methane emissions and improve monitoring and reporting.
An analysis of Cambridge Econometrics argues that a green recovery in the Visegrad Group countries is not only important for climate goals but also could provide an important push towards pre-Covid levels of employment and economic activity.
European gas puzzle: the TurkStream project – interview with Deputy CEO of construction, Erich Jurdik
Dr Erich Jurdik, Deputy CEO of construction of TurkStream speaks about the state of the TurkStream project and its impact on the region’s energy security as well as the future role of gas in Europe’s ongoing energy transition.