April 5, 2023 11:59 am
Published by Beyond Fossil Fuels
5 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.
April 7, 2022 4:27 pm
Published by loukia
January 25, 2022 8:58 am
Published by ostyx
Limited Utility: The European energy companies failing on net zero commitments is an initiative of Europe Beyond Coal and Ember, and investigates whether or not the strategies of the major EU coal-burning utilities align with the urgent need to decarbonise their fossil fuel electricity portfolios and accelerate their deployment of renewables, as outlined in the International Energy Agency’s (IEA) Net Zero Emissions by 2050 report.
May 20, 2021 5:55 pm
Published by Beyond Fossil Fuels
Czech utility ČEZ announced that the cut of proportion of electricity it produces by burning coal from 39 percent to 12.5 percent by 2030.
July 15, 2020 10:12 am
Published by Beyond Fossil Fuels
European financial institutions and international investors and banks including BlackRock and the Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies €12 billion in investment, and €9.8 billion in loans and underwriting in less than 1.5 years, according to a new report.
July 15, 2020 8:22 am
Published by Beyond Fossil Fuels
Updated for 2020, Fool’s Gold - The financial institutions risking our renewable energy future with coal examines eight European, and four significant international, financial institutions, and finds that all continued to pump money into coal companies in the year after the IPCC released its 1.5 degrees C special report.
June 24, 2020 5:49 pm
Published by Beyond Fossil Fuels
ČEZ Czech energy company has broadly outlined its own coal phase-out dates as the trajectory of coal exclusion policies is trending in a positive direction.
June 4, 2020 2:47 pm
Published by Beyond Fossil Fuels
The Czech Republic’s coal commission will join state-owned energy company ČEZ tomorrow to hold a ceremony marking the closure of the Prunerov I coal plant.
April 2, 2020 9:42 am
Published by Beyond Fossil Fuels
Polish state-owned energy company PGE has omitted the Gubin coal mine project from its latest financial report, confirming in this way that it has been shelved.
