Economy

What does greenwashing mean?

Greenwashing is making false or misleading claims about the environmental benefits of a product or practice, attempting to emphasize the sustainable aspects of the product to overshadow the company’s involvement in environmentally damaging practices.

Read More »

Biofuels

In 2021, fossil fuels accounted for almost 93% of the energy used in road and rail transport in the EU.Biofuels are an alternative to fossil fuels to help reduce GHG emissions in the transport sector.

Read More »

About the energy labels

EU legislation on energy labeling and eco-design is estimated to save around 230 million metric tons of oil equivalent (MTOe) of energy by 2030. For consumers, this means an average saving of €285 per year on household energy bills. In addition, energy efficiency measures will generate €66 billion in additional revenue for European companies

Read More »

Climate finance

Governments can pool funding for priority climate actions through their budget processes, such as those set out in their national climate commitments, or issue sovereign green bonds to finance projects.

Read More »

Understanding the Proposals of the EU’s ‘Fit for 55’ Package: Carbon Border Adjustment Mechanism (CBAM)

The Carbon Border Adjustment Mechanism (CBAM) is a proposed policy by the European Union to apply a carbon price on imported goods from non-EU countries. The policy aims to level the playing field for European companies that face strict emission reduction targets and costs, while also incentivizing non-EU countries to reduce their emissions. The CBAM would initially require importers to report on the carbon content of their products, with a transition period before the implementation of the carbon pricing mechanism.

Read More »

Carbon Trade – Good or Not?

The basic principle of economy is that if the supply is low and the demand is high then the price will be high too. If you need permission to emit green house gases and the “number of permissions” is limited, the price of these will grow.

Read More »