green deal

Europe seeks $940bn boost for giant offshore wind farms

18/11/2020

By Ewa Krukowska, Bloomberg

The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic.

German Chancellor Angela Merkel (R) and French President Emmanuel Macron (L) arrive for a joint press conference at the end of the European summit at the EU headquarters in Brussels on July 21, 2020. Photographer: John Thys/AFP/Getty Images

Renewables/Energy Transition

EU approves biggest green stimulus in history with $572bn plan

22/07/2020

By Mark Lammey

European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and agriculture.

Oil-company backed M&A risks overheating in the renewables sector, IHS Markit has warned, until growth can shift to a more organic trajectory.

Europe

Europe pledges green recovery with historic stimulus programme

28/05/2020

By Bloomberg

The European Union proposed making its climate-neutrality strategy a key pillar of a 750 billion-euro ($824 billion) recovery plan in a bid to boost economic growth and create new jobs.