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The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU). Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).…

In 2019, before Covid-19 knocked the industry off a seemingly unstoppable growth trajectory, 95 billion gallons of fuel was burned by commercial airlines worldwide said statistical service Statista.

Speaking to Petroleum Review, International Civil Aviation Organisation (ICAO) deputy director for environmental protection Jane Hupe said analysis undertaken by the UN agency found “that, by 2050, it would be physically possible to meet 100 percent of international aviation jet fuel demand with sustainable aviation fuels, corresponding to a 63 percent reduction in emissions.”…

Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world.…

THE NEW president of FATF, who took office on July 1, is planning to expand the global AML’s current focus on wildlife trade offences to other environmental crime, such as illegal logging, slash-and-burn cultivation and unlawful waste disposal.

Speaking to the MLB on July 2 in his first media interview after taking on this new role, Dr Marcus Pleyer, from Germany, stressed that the United Nations Environment Programme (UNEP) has said illicit proceeds from environmental crime could total USD259 billion annually worldwide.…

As Syria enters its 10th year of civil conflict, the economy is in tatters, foreign currency is in short supply, and sanctions have not only been renewed, the USA has introduced new secondary sanctions. Illicit crime and sanctions busting abounds.

In May (2020), the USA issued further guidance on Syria, while the European Union (EU) extended its sanctions on Syria for a further year, to 1 June 2021.…

CONSTRUCTION projects likely to generate major purchases of paints and coatings are likely to be a focus of a new ‘Next Generation EU’ budget commanding EUR750 billion between 2021 and 2024, financed by borrowing through bond issues against European Union (EU) direct revenues from sources such as import duties.…

If there is one subsector of technical textiles that is regarded as well suited to environment-friendly materials innovation, it is surely the agricultural textile (ag-tex) sector. This is indeed the case, with research and development specialists creating clever solutions allying the functional and sustainability benefits of ag-tex with new biodegradable and naturally-sourced fibre.…

MALAWI universities are counting the cost of a Covid-19 lockdown that has been in place since March 23, which the government has now said will end on July 13. The resulting closure of public and private universities across the country left tertiary institutions reeling, although students have told UWN that they are happy that a resumption of their studies is now in sight.…

The higher education sector of Mozambique has been thrown into disarray by the Covid-19 pandemic, with colleges and universities closed since April 1 when President Filipe Nyusi approved a state of emergency decree, imposing movement restrictions that has been extended to June 30.…

Automakers in the European Union (EU) are concerned the technologies used by their vehicles may have to comply with onerous personal data handling rules imposed by the EU. These fears have been sparked by draft guidelines released by the European Data Protection Board (EDPB) on how the EU’s general data protection regulation (GDPR – 2016/679) should apply to the industry.…