OMV is one of Austria’s largest listed industrial companies and a globally active energy and chemicals group. In this guest article, Florian Greger, Senior Vice President Investor Relations & Sustainability, explains the Group’s transformation strategy.
Article on tag "energy"
Energy of the Future
There is no perfect solution to solve our energy problems in the long term, explains Walter Hatak, Head of Responsible Investments. But instead of burying our heads in the sand, we should be able to choose the best possible alternative, take the future into account in our planning, and learn from past mistakes.
REPower EU – what’s behind it?
2022 was a game changer in energy policy. The European Union presented RePower EU, an ambitious programme for independence from fossil energy from Russia and for accelerating the energy transition. Fund manager Alexander Weiss explains in his blog post what goals the programme is pursuing and what has happened so far.
ERSTE GREEN INVEST – with a tailwind towards energy transition
With the energy transition and the necessary ecologisation of the economy, “green technologies” are likely to remain one of the megatrends of the coming years. The ERSTE GREEN INVEST impact fund invests in precisely those companies whose business models could benefit from this megatrend.
Getting out of crisis mode
The use of energy has driven human development. However, the unchecked burning of fossil fuels produces massive amounts of CO2, which has disastrous consequences for the climate and the environment. More efficient energy use and more nature-friendly, renewable energies are therefore needed.
Energy commodities and inflation – where are we going?
Prices for energy and food have risen significantly, putting a strain on consumers’ wallets. If the Russia-Ukraine war does not ease, the situation may deteriorate even further.
Renewable energy on the rise
The energy consumption of private households and the economy in Austria has increased by about 50% over the past 30 years. Statistik Austria expert Manuela Strasser names the most important reasons and outlines the path towards renewable energies.
Energy and phasing-out of coal-based electricity
The topic of energy and electricity provides an excellent background to have a closer look at the issue of energy transition. The prevalent energy mix, which is still very much geared towards fossil fuels, is in the process of transition, as also pointed out by Erste AM’s research partners. The comeback of coal? The current […]
A tightrope walk between profit and responsibility
Power comes from the socket. Hidden behind it, lies a reality that is a tightrope walk between supply and demand. An imbalance causes blackouts. Energy produced from renewable sources is particularly volatile. A solution for this problem are energy storage devices, especially batteries.
Who convinced us with their sustainable way of building
Sustainable building means energy-efficient construction. Styrofoam insulation is usually the magic word, but it is a non-breathable material and can therefore lead to mold. Also, it can catch fire easily. Therefore, the German Steico Group has turned away from these materials, becoming one of the largest suppliers in the field of ecological building materials. With […]