IEA extends support to Luxembourg’s energy transition goals

The agency has asked Luxembourg ‘to adopt new measures that boost investment in renewable energy and efficiency’ to stay on track to reduce emissions by 55% till 2030

London tops world’s “green finance quality cities” list

A new report suggests Western Europe continues to lead the world in terms of green finance

Green spending
UN and Luxembourg ink deal to boost green finance

The country is providing $500,000 to the International Network of Financial Centres for Sustainability

Wind and solar infrastructure
French renewable energy firm Total Eren to buy NovEnergia

The company has been valued at more than €1bn

Luxembourg’s €45m extension of biogas scheme granted EU approval

It will cover the period from January 2017 to December 2022

EU greenlights support scheme for energy intensive users in Luxembourg

The government will compensate large energy users for higher electricity prices resulting from indirect emissions costs

EIB-Luxembourg launch climate finance platform

Luxembourg and the European Investment Bank (EIB) have launched a platform to fund projects aimed at tackling climate change. Under the Luxembourg-EIB Climate Finance Platform, the nation will make €30 million (£26.7m) of funding available in the next three years. It will allow the EIB to co-invest and will bring in third-party investors from the private […]

EU investigates tax deals between Luxembourg and ENGIE

The European Commission has launched an in-depth investigation into Luxembourg’s tax arrangements with French utility ENGIE. It has concerns several tax rulings issued by Luxembourg may have given the utility an “unfair advantage” over other companies. The Commission states they appear to treat the same financial transaction in an “inconsistent way, both as debt and […]

EU approves Luxembourg and Malta’s state aid for renewables

Luxembourg and Malta’s plans to provide state aid for renewable energy projects have been approved by the European Commission. It said the schemes will increase power production from green sources, in line with EU energy objectives, without distorting competition. The Luxembourg scheme introduces premium payments to support operators of wind, solar, biogas, hydropower and biomass […]

Swedes lead EU’s green energy charge

The Swedes lead the European Union’s charge towards renewable energy, according to new figures from EU’s fact body Eurostat. While almost all member states increased their share of renewable energy in energy consumption between 2010 and 2011, the highest share is to be found in Sweden, Latvia, Finland and Austria. The Swedes final energy consumption […]