Catch up on the latest developments in the transition to the zero carbon economy with our Press Review, 16 March 2017
1. Dutch Solar Bike Path SolaRoad Successful and Expanding
After a successful pilot in 2014, a consortium of companies and research labs called SolaRoad will be further developing and expanding their solar bike path project, reports CleanTechnica. SolaRoad use specially developed solar modules to replace tarmac bike paths and generate solar electricity.
2. European Commission pledges €300 million to develop cleantech projects in Africa
The European Union is significantly ramping up investment to support the development of new renewable energy in Africa. The majority of investment will focus on solar, hydro and geothermal energy and when fully developed, the projects are expected to add 1.8 gigawatts of renewable power generation to the continent.
3. Barcelona bans old cars from the city’s streets
Many cities around Europe have taken to banning old, dirty vehicles their urban centers. However, Fastcoexist reports Barcelona have taken it a step further and, as of January 2019, cars older registered before 1999 will be banned from both the center and the surrounding municipalities.
4. Ex-Tesla manager seeks $4 billion for Europe’s biggest battery plant
Swedish start-up Northvolt, headed by an ex-Tesla manager, has revealed plans to build the largest battery factory in Europe. Reuters reports that the start-up is trying to raise at least $4 billion to build the Gigafactory in Sweden to meet an expected surge in demand as the region switches to electric vehicles.
5. Wales launches €7.5m circular economy fund
The Welsh Government has announced a new £6.5m (€7.5m) fund to help the country move towards a circular economy and meet ambitious recycling targets.
6. Sainsbury’s drops its ambitions to halve consumer food waste
The target has been abandoned by the supermarket after a year on grounds that “it was more difficult than expected to achieve behavioural change”.
7. European Commission backs €75 million loan for energy-efficiency in Swedish buildings
The Investment Plan for Europe backed the loan agreement with real estate company Castellum to finance the construction of new energy-efficient office buildings.
8. Exclusive: Norway’s wealth fund may blacklist firms over emissions, corruption risk
Reuters reports this week that the ethics watchdog for Norway’s $900-billion sovereign wealth fund will be recommending that the fund put several firms in the oil, cement and steel industries on a watch list for emitting too much greenhouse gas.
9. World Bank debuts first bonds linked to Sustainable Development Goals
The €163m bond issue is linked to the Solactive Sustainable Development Goals World Index, an index of 50 companies identified as making significant contribution to the advancement of the UN’s sustainable development agenda.