Green encyclopedia
What is the CSRD Directive?
In recent years, ESG has become one of the top five global business trends. In the European Union, the ability to conduct business while adhering to sustainable development principles is gaining rapid importance. For some, it’s an additional obligation and immense stress; for others, it presents opportunities linked to economic stimulation. Nevertheless, all entities will eventually have to take action in this area and, more importantly, report the steps they have taken. The CSRD Directive will facilitate this process, providing a standardized requirement for reporting on implemented and ongoing ESG activities. Learn more about it below!
What is the Spot Market? Energy Without Secrets
Electricity trading through immediate (spot) transactions is carried out via short-term transactions. These can be executed within the operations of the day-ahead market, as well as the spot market. Let’s take a closer look at the spot market. How does it work, and what does it entail?
Day-ahead Market. What is it?
The Day-ahead Market gained media attention with the introduction of the new photovoltaic billing system. This refers to net-billing, where the price per kilowatt-hour is not fixed but is determined in relation to specific indicators. However, the Day-ahead Market is a broader concept that is inextricably linked to Power Exchanges. What should be known about this market? Who trades on it, what is traded, and under what rules?
Carbon Border Adjustment Mechanism (CBAM) – What is it and what are its goals?
The Carbon Border Adjustment Mechanism, or CBAM for short, is a price adjustment mechanism at the borders that takes into account CO2 emissions. It applies to the prices of raw materials, semi-finished products, and products whose production has the strongest impact on increasing greenhouse gas emissions into the atmosphere. What is worth knowing about this topic? Read our article!
Energy Intensity – What Is It and How Does It Affect Energy Consumption?
Using road, residential, or service infrastructure requires specific energy inputs. The less energy that needs to be consumed to use the infrastructure, the more energy-efficient the facility is. The concept opposite to efficiency is energy intensity. How should we understand it, and what can we do to reduce energy intensity in various industrial sectors?
What is green hydrogen and how is it created?
The European Union's climate protection policy over the past years has become one of the key elements around whose development the Community is focused. One of the strategies is to obtain so-called green hydrogen through Renewable Energy Sources (RES). Is this really an effective way to meet energy demand? What is green hydrogen and how is it created?
NFRD directive - what is it and what does it affect? We explain
While ESG and CSR are currently the dominant topics in corporate sustainability, it is worth remembering that non-financial reporting has been around for several years. What is the NFRD and what did its entry into force mean for businesses?
Energy resources - what is worth knowing about them?
Energy raw materials play an extremely important role for both a country's energy security and its external policy. They are also important for businesses. What does access to energy resources, or lack thereof, mean for your business?
Closed loop economy - key principles
Sustainable Development of Enterprises Should Assume Breaking Away from the Exploitative Model of Using Natural Resources in Favor of a Circular Economy (CE). What is This Business Management Concept and What Challenges Does a Business Face When Implementing CE?
