BRUSSELS, Belgium, November 18, 2023 (Maximpact.com Sustainability News) – The European Commission has approved a €3 billion Austrian plan to support companies facing soaring energy costs due to Russia’s war against Ukraine. Solar photovoltaic capacity, both large utility-scale and small distributed systems, accounts for two-thirds of this year’s projected increase in global renewable capacity.
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Europe invested a record amount in new offshore wind farms last year – €26.3 billion – despite the unexpected financial demands of the coronavirus pandemic. These fresh investments will finance 7.1 gigawatts of new offshore wind energy, enough to power 2.13 million homes. But that’s not many compared to the millions of homes in the EU’s future plans.
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To help fight the coronavirus, six countries, the European Commission and the Bill & Melina Gates Foundation Monday pledged billions in new funding to Gavi, the Vaccine Alliance. The money will be used to support universal access to a future COVID-19 vaccine and also to support the vaccination of hundreds of millions of children against pneumonia, measles and polio.
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The UN High Commissioner for Refugees, Filippo Grandi, visited the Reception and Identification Centre in Moria – Lesvos on Wednesday to witness first-hand the human cost of flawed migration policies that have stranded over 39,000 people in overcrowded, dangerous refugee camps.
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In the face of massive external and internal imbalances that resulted in loss of market access, in April 2010 Greece was forced to request financial assistance from its European and international partners. Unprecedented billions were provided, and now Greece is well along the road to recovery.
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