EKOenergy Climate Fund is a fund managed by EKOenergy and supports renewable energy projects in low and middle-income countries. This fund alleviates energy poverty for those communities that do not otherwise have the needed resources for their renewable energy projects while reducing the green gas emissions and contributing to the fight against climate change. Projects are based on solar and wind energy and support sustainable energy transformation by developing and increasing the use of these resources.

What is “EKOenergy Eco Label Climate Fund” and What Does It Do? | Devamı>>>

The European Commission has approved an incentive scheme set up to help drive renewables deployment across 47 Greek islands including the largest, Crete.

The EU executive approved the €1.4 billion plan, which will be partly financed by the nation’s Recovery and Resilience Fund from the bloc, paid out as part of Europe’s post-Covid recovery package.

Approving the scheme under EU state aid rules, the commission yesterday said the incentive on Crete would consist of premium payments to generators merely to bridge the gap between clean energy generation costs and wholesale electricity prices, with the premiums adjustable in line with technology costs on a “sliding” basis.

EU Approves Renewables Incentives for Greek Islands | Devamı>>>

Electricity demand is back to pre-pandemic levels, but fossil fuels fail to recover as renewables show consistent growth.

As a result, CO2 emissions from the power sector in H1-2021 were 12% lower than the same period before the pandemic. In H1-2021, electricity demand rose 6% vs. H1-2020 and almost fully recovered (-0.6%) to pre-pandemic (H1-2019) levels. Electricity generation from fossil fuels has not recovered and was 10% lower in H1-2021 than before the pandemic (H1-2019), despite an uptick in H1-2020.

Emissions Down as Europe’s Electricity Comes Back Cleaner | Devamı>>>