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World Bank Group provides record $42.6B in climate finance

World Bank Group provides record $42.6B in climate finance

- Projects include building cyclone shelters, investing in erosion control, reducing methane emissions, fully electric buses

21.09.2024 General

Turkish energy ministry and World Bank hold meeting aimed at boosting energy cooperation

Turkish energy ministry and World Bank hold meeting aimed at boosting energy cooperation

- Minister Bayraktar says cooperation with international financial institutions need to be increased to accelerate energy transition

10.07.2024 Electricity Natural Gas Finance Energy Projects

World Bank and Türkiye sign $1 billion renewable financing deal

World Bank and Türkiye sign $1 billion renewable financing deal

- Results-based financing program—first of its kind in Türkiye—will disburse World Bank funds as pre-agreed results are reached

17.05.2024 Renewable Finance Projects General

World Bank approves €600 million loan guarantee for Turkish exporters to cut emissions

World Bank approves €600 million loan guarantee for Turkish exporters to cut emissions

Project to include loan guarantee to Eximbank to mobilize €1 billion in international private capital through commercial loans of about 10-year tenures, says World Bank

23.02.2024 Finance

World Bank, Türkiye ink $155M loan deal for new green fund

World Bank, Türkiye ink $155M loan deal for new green fund

- Türkiye Green Fund to provide green financing to businesses, promote investment in green technologies

13.12.2023 Renewable Finance

World Bank to pledge $750M for electricity transmission project in Türkiye

World Bank to pledge $750M for electricity transmission project in Türkiye

- World Bank country director for Türkiye describes country's renewable energy plan as 'one of the biggest programs that we have had for renewable installation in the developing world'

05.12.2023 Electricity Renewable

EU invests 3.7 million euros to support green, circular economy in Lebanon

EU invests 3.7 million euros to support green, circular economy in Lebanon

- Project aims to reduce waste and pollution, promote use of renewable and green energy sources

24.06.2023 Renewable World

Germany imposes price cap on energy prices

Germany imposes price cap on energy prices

- Cost of new measures taken estimated to reach €200 billion

03.11.2022 Electricity Natural Gas Europe

UK to cap energy bills for businesses, charities, public sector organizations

UK to cap energy bills for businesses, charities, public sector organizations

- Most vulnerable businesses will receive further support, Prime Minister Truss says

21.09.2022 World Europe

EU's Borrell calls on Europeans to 'resist' amid high food, energy prices

EU's Borrell calls on Europeans to 'resist' amid high food, energy prices

- 'Sanctions matter, but we must maintain them over time,' says bloc's foreign policy chief

16.09.2022 World Europe

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Polish prime minister unveils plan to cap energy prices

Polish prime minister unveils plan to cap energy prices

- Government says it will protect all energy consumers from energy price hikes this winter

16.09.2022 Thermal Coal Energy Projects

Factories in Spain cut production amid soaring energy prices

Factories in Spain cut production amid soaring energy prices

- Prime minister announces that taxes on gas bills will be slashed from 21% to 5%

02.09.2022 Electricity Natural Gas Europe

EU countries seek market-shift remedy to energy crisis

EU countries seek market-shift remedy to energy crisis

- Natural gas prices on European markets rose twelvefold in a year while wholesale electricity prices climbed eightfold

01.09.2022 Natural Gas World Europe

Despite rising energy costs, Japan to maintain sanctions on Russia

Despite rising energy costs, Japan to maintain sanctions on Russia

- Premier Kishida directs officials to ‘address rising energy prices prompted’ by Ukraine war

23.08.2022 World Asia

Germans feeling the squeeze over surging food, energy prices

Germans feeling the squeeze over surging food, energy prices

- Middle- and low-income families say they’re struggling to make ends meet amid high inflation, soaring energy bills

22.08.2022 World Europe

Euro area producer prices rise 36.3% in May

Euro area producer prices rise 36.3% in May

- Energy prices nearly double year-on-year in May both in euro area, EU

04.07.2022 Finance World

Metal prices to increase with growing demand in coming years: World Bank

Metal prices to increase with growing demand in coming years: World Bank

- Demand for metals for renewable energy infrastructure and electric vehicles likely to increase in near future, pushing metal prices up

13.05.2022 Renewable Invesments Renewable Europe Asia

Japan pushes UAE to stabilize international oil supply amid Russian cut

Japan pushes UAE to stabilize international oil supply amid Russian cut

- Prime Minister Kishida seeks 'proactive contributions' from UAE in phone call with Crown Prince Al Nahyan

15.03.2022 Oil World Europe

EU approves new set of sanctions against Russia over Ukraine war

EU approves new set of sanctions against Russia over Ukraine war

- 4th package of sanctions targets individuals, entities, as well as several sectors of Russian economy, says French presidency

15.03.2022 World Europe Eurasia

Brent oil price surpasses $95 amid lack of supply, Russia-Ukraine tensions

Brent oil price surpasses $95 amid lack of supply, Russia-Ukraine tensions

- US oil benchmark West Texas Intermediate climbs to highest since September 2014

12.02.2022 Oil World

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Rising energy prices unsustainable: EU chief

Rising energy prices unsustainable: EU chief

- Ursula von der Leyen stresses Europe's future energy security "clearly depends on clean home-grown energy"

10.12.2021 Natural Gas Renewable Energy Diplomacy Europe

Pandemic-related waste raises alarm over environmental health: Expert

Pandemic-related waste raises alarm over environmental health: Expert

- ‘If we can't manage medical waste, it means we are heading towards a disaster,’ says Turkish academician

27.10.2021 General

Rising energy prices pose inflation risks: World Bank

Rising energy prices pose inflation risks: World Bank

- Elevated food prices, combined with recent spike in energy costs, pushing food price inflation up, report says

23.10.2021 Natural Gas Oil Coal International Organization World

High oil prices threaten already-fragile global energy markets

High oil prices threaten already-fragile global energy markets

-Knock-on effect continues after soaring prices, induced by low supply, hit energy markets just as industries start recovering from effects of last year's demand shortfall

04.10.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

Climate-related disasters killed 17,000 since COVID-19 began: report

Climate-related disasters killed 17,000 since COVID-19 began: report

- Additional 658M people exposed to extreme temperatures

17.09.2021 Renewable International Relations Europe

Climate change could lead over 216 mln. people in 6 regions to internally migrate

Climate change could lead over 216 mln. people in 6 regions to internally migrate

- Scale of internal climate migration will be largest in poorest and most climate vulnerable regions, World Bank says

13.09.2021 Europe Asia Americas

New report highlights climate change effects on Argentina's economy

New report highlights climate change effects on Argentina's economy

- World Bank report calls attention to grave impact of climate change

01.07.2021 Energy Diplomacy Americas

World Bank provides Turkey $265M loan for safer, greener public buildings

World Bank provides Turkey $265M loan for safer, greener public buildings

- Loan to strengthen safety of public buildings against earthquake threat while also boosting energy efficiency, says bank

11.06.2021 World

US: Yellen urges G20 to extend fiscal action amid COVID

US: Yellen urges G20 to extend fiscal action amid COVID

- "If there was ever a time to go big, this is the moment," Treasury head says

26.02.2021 World Americas

Brent oil price down 0.52% for week ending Jan. 15

Brent oil price down 0.52% for week ending Jan. 15

- Re-emergence of coronavirus in China tempered gains that were supported by higher US stimulus package

15.01.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

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