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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

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Strong Support Among Europeans for Banning Fossil Fuel Ads, Study Finds

DeSmogBlog

Almost half of people surveyed across the European Union are in favour of banning fossil fuel advertising nearly twice as many who oppose such a move, according to a new study. Allowing fossil fuel ads while at the same time trying to reduce CO2 emissions is counterproductive, said Barker.

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Meet the company building Europe's first fossil-free plastics plant

GreenBiz

We have to reinvent almost everything': Dutch company Avantium aims to have a new manufacturing plant producing a fossil fuel-free polymer by 2024.

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Europe’s largest battery powers up in Blackhillock, in Moray

Envirotec Magazine

Zenob, an owner and operator of grid-scale batteries on the GB transmission network, has announced that Europes largest battery site, located in Blackhillock, Scotland, has begun commercial operations. An area outside the substation in 2006 (image credit: Des Colhoun, CC BY-SA 2.0 The Blackhillock site is launching in two phases.

Batteries 355
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Wind and solar power overtake fossil fuels in Europe

Renew Economy

Wind and solar energy generation in the EU overtook fossil fuels for the first time during the first six months of 2024, The post Wind and solar power overtake fossil fuels in Europe appeared first on RenewEconomy.

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Are Europe's leading banks flouting net-zero pledges?

GreenBiz

A new analysis reveals Net Zero Banking Alliance members funneled $33 billion towards expanding oil and gas production over the past year, but the banks insist they are working to reduce their exposure to fossil fuels.

Europe 295
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Solar panels may become mandatory on all new buildings in Europe

Envirotec Magazine

The ambitious proposal was included in the REPowerEU plan , which detailed a vast number of changes designed to curb reliance on Russian fossil fuels by 2027, and thus catalysing Europe’s transition to renewable energy. In doing so, we could see an acceleration in the transition to net-zero.