Renewables for Peace | Fossil Fuels Squeezed | EU Climate Diplomacy | Reinsurers Step Up
Dear Colleagues and Friends,
Renewable energy sources are not only the best solution for economic reasons and energy security, but also because they are prerequisite for a peaceful and sustainable planet Earth. With this in mind Energy Watch Group President Hans-Josef Fell and Eurovision Song Contest Winner Ruslana have launched a new joint global peace campaign for 100% renewables. Another positive news comes from the European Parliament, which adopted the report calling to strengthen EU climate action. Renewables keep squeezing out fossil fuels steadily out of power, according to BNEF, as solar continues to rise around the world. Yet, to achieve Paris Agreement targets, more clean energy investment and more action in industry, transport and building sectors is needed, studies show. We welcome the latest moves by the world’s largest reinsurers Hannover Re and Swiss Re, joining the list of institutions, divesting from fossil fuels. And if you are in Lviv this week, watch out for the conference on renewable energy.
Read our July Newsletter to find out more.