The European Investment Bank (EIB) has granted Nortegas Group a framework financing of up to €80 million to enable group subsidiary Nortegas Renovables to finance the construction of biomethane plants in Spain and launch a digital operations centre. The EIB and InvestEU-financed project will enable the development of the first phase of Nortegas Renovables’ strategic plan, […]
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Promoting radiation research that benefits science and society
RadoNorm is engaging citizens in research related to testing and mitigating carcinogenic radon in high-risk areas. Its aim is to enhance protection against risks stemming from exposure to the radioactive gas. The EU-funded RadoNorm project was launched with the goal of achieving effective radiation protection based on better scientific evidence and social considerations. The project […]
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Over €116 million in EU aid for Germany and Italy following floods in 2024
On Wednesday, MEPs approved over €116 million in EU Solidarity Fund aid to support recovery efforts in two EU countries relating to floods in 2024. The €116,031,553 in aid from the European Union Solidarity Fund (EUSF) will be distributed as follows: Germany, for floods in May 2024 in the southern part of the country: €112.1 […]
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EU secures agreement on carbon market rules and new climate finance goal
At the COP29 UN Climate Change Conference in Baku, the European Commission and EU Member States took the lead in brokering a deal to align global financial flows with the objectives of the Paris Agreement. Through the adoption of a New Collective Quantified Goal (NCQG) for Climate Finance, the EU successfully broadened the global contributor base for climate […]
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At the initiative of the EU, a New Collective Quantified Goal (NQCG) for climate finance is adopted at COP29
At the COP29 UN Climate Change Conference in Baku, the European Commission and EU Member States took the lead in brokering a deal to align global financial flows with the objectives of the Paris Agreement. Through the adoption of a New Collective Quantified Goal (NCQG) for Climate Finance, the EU successfully broadened the global contributor base for climate […]
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EU continues to be a global leader on sustainable finance
More than three years after the first transaction of our NextGenerationEU (NGEU) Green Bonds, the EU has issued more than €65 billion of NGEU Green Bonds, setting the EU on track to becoming the largest issuer of Green Bonds in the world. In line with the announcement of President von der Leyen in her State of the […]
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2023 among the five worst years for wildfires in Europe, Commission report shows
Last year, Europe, the Middle East and Africa suffered some of the worst wildfires since 2000. According to the Forest Fires 2023 report, published last 19 by the Commission’s Joint Research Centre, wildfires affected over 500 000 hectares of natural lands, roughly half the size of the island of Cyprus. In recent years, catastrophic wildfires […]
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Maritime safety: Council adopts new laws to support safe, clean and modern shipping in the EU
To support clean, safer, and modern shipping in the EU, today the Council adopted four new pieces of legislation of the so-called ‘maritime safety’ legislative package, namely those amending the relevant directives on: the investigation of accidents in the maritime transport sector, ship-source pollution, compliance with flag state requirements, and port state control. The revised ‘package’ […]
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COP29: EP calls for all countries to pay for climate action
Parliament on Thursday adopted its demands for COP29, which is to set a new collective target for climate action financing. With 429 votes in favour, 183 against and 24 abstentions, the House calls on all countries to agree on a new collective target on climate finance after 2025. MEPs want it to be based on […]
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