The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
The European Parliament and Council of Ministers continued to tidy up the details of the bloc’s Covid-recovery package today by publishing the rules of how the money will be disbursed.
The EU today confirmed natural gas-fired power and heat generation facilities can qualify for Covid-recovery spending as long as they fulfil a maximum emission target or are accompanied by credible member-state plans to ramp up renewables usage.
With the European Parliament formally voting through a €672.5 billion recovery and resilience fund, the baton will pass to the heads of the European Council and its grouping of economic ministers. It is hoped an initial, 13% slice of the fund will be available to member states from early next month.
The development lender has followed up a $600 million loan for distribution infrastructure in eastern Indonesia with a $430 million credit line for installations in India.
The solar and wind industries could benefit from a $6.4 trillion boom under the most ambitious of two scenarios described by Bloomberg New Energy Finance, and $2.4 trillion even in the business-as-usual outlook.
With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.
A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funneled to clean power.
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
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