The Cost and Profit Potential of Europe’s Net-Zero Transition: A Comprehensive Outlook into a $275 trillion Global Market

The transition to a net-zero economy in the European Union (EU) is an ambitious and transformative undertaking, requiring substantial investments. While estimates on the exact cost vary, two major sources—McKinsey and PwC—offer valuable insights into the scale of these investments and the potential returns. Global and European Investment Requirements Key Areas of Investment and Expected […]

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Nigeria Secures $200 Million Deal for Mini Grids to Expand Renewable Energy in Rural Areas

Nigeria has signed a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of renewable mini-grids across rural and peri-urban communities. This ambitious project aims to bring reliable electricity to millions of Nigerians, especially in underserved regions. The initiative, supported by the World Bank and the African Development Bank, […]

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California’s Pacific Steel Breaks Ground on First New Steel Mill in 50 Years: A Zero Emission Wonder

In a significant leap for California’s economy and its climate goals, Pacific Steel Group has officially broken ground on the Mojave Micro Mill, marking the first new steel mill to be built in the state in over five decades. This innovative facility, located in Kern County, is poised to transform the steel industry with its […]

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Over-subscribed European Hydrogen Bank auction receives 61 bids for Innovation Fund support, including 8 maritime projects

The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries with the European Economic Area (EEA) . Eight of the bids were submitted under the dedicated maritime topic by hydrogen producers with off-takers in the maritime sector.   The total grant support requested is more than €4.8 billion, […]

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Morocco Approves $32.5B Green Hydrogen Initiative to Boost Industrial Decarbonization and Exports

Morocco is accelerating its green energy strategy with the approval of $32.5 billion in green hydrogen projects aimed at cutting industrial emissions and positioning the country as a key player in Europe’s energy transition. The projects, valued at 319 billion dirhams, target ammonia, steel, and fuel production, and align with Morocco’s broader renewable energy goals. […]

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Mars and Berry Global Introduce 100% Recycled Plastic Packaging for Iconic Candies

Mars and Berry Global have unveiled new 100% recycled plastic packaging for M&M’S®, SKITTLES®, and STARBURST® pantry jars, marking a significant step in their commitment to sustainability. This move will eliminate over 1,300 metric tons of virgin plastic annually and supports the companies’ efforts to foster a circular economy. Key Details The updated 60-, 81-, […]

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IFC Boosts Türkiye’s Energy Transition with $100 Million Investment in QNB Leasing

The International Finance Corporation (IFC) has announced a $100 million loan to QNB Leasing to accelerate Türkiye’s transition to a low-carbon economy. This investment is aimed at enhancing sustainable energy and blue finance initiatives, particularly focusing on providing capital to small and medium enterprises (SMEs), which make up 99% of Turkish businesses. Key Highlights Quotes […]

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International Women’s Day 2025 – Yvonne Buckley |

To celebrate International Women’s Day 2025, we are excited to share a collection of blog posts showcasing the work of some of the BES community. In each post, they discuss their experiences in ecology, as well as what this year’s theme, ‘Accelerate Action’, means to them. What work do you do?   I’m an ecologist working […]

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EU and South Africa strengthen Climate and Environment Cooperation

On 4 March 2025, the European Union (EU) and South Africa came together for the 7th EU-South Africa Policy Forum on Environment, Climate Change, Sustainable Development and Water, held in Brussels and online. The forum reaffirmed both parties’ commitment to tackling climate change, strengthening environmental sustainability and promoting the just energy transition.  Policy Forum on […]

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