A recent fallout between clean energy producers and the government over a bond issue is creating a money mess:
“The temperature on Earth can rise much more than two degrees,” he warned, given the continued use of coal and oil lately due to rising post-lockdown demand and a reduction of both of those resources in the energy matrix of Western Europe. “In order to curb warming and achieve carbon neutrality, we will have to make many times more efforts than planned in Paris in 2015,” he said.gettyUkraine’s greenward-ho is going to be a tough slog. This is a mainly nuclear and coal fired power state.
In the summer of 2020, the government practically forced RES developers to conclude a Memorandum in which they agree to a “voluntary” reduction in tariffs, but this did not help - debts continued to accumulate. However, the memorandum provided for a mechanism to pay off old debts – the missing funds were to be raised with a state-guaranteed loan.
After a new manager was appointed, payments were made, but not as required to all companies in proportional amounts, as was the original intent.
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