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Policy & Regulation
UK energy sector unites behind calls to grant ofgem ‘net zero mandate'
United Arab Emirates
New UAE Law Regulates Renewables Production Units Link to Grid
This is in line with UAE’s plan to diversify renewable energy sources.
Price Cap on Russian Oil Comes Into Effect
The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues from oil exports while keeping flows into the international market flowing.
U.S. Senators Introduce Bill to Expand E15 Gasoline Sales, with Support from Oil Group
U.S. senators from Nebraska and Minnesota introduced legislation on Tuesday that would expand nationwide sales of E15.
Offshore Wind Power
UK Government Moves to Defuse Parliamentary Row over Onshore Wind
Britain's government sought on Monday to defuse a simmering row over a push by some Conservative lawmakers to make it easier to build onshore wind farms by saying Prime Minister Rishi Sunak supported such projects where there is local consent.
Ofgem’s Market Reform Proposals Criticised by British Gas Owner
Centrica CEO Chris O’Shea has accused Ofgem of an “abdication of responsibility”
Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the government's 2023 budget seen by Reuters showed.
Vietnam Boosts Coal Use Plan for 2030 as G7 Climate Offer Stalls
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were scaled back, in a potential blow to rich nations' funding initiatives for cleaner energy.
Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says
Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday in response to criticism about his country's stance towards plans for a gas price cap.
UK to Set Out More Energy Reforms ‘Very Soon’: Hunt
Britain's government plans to announce reforms to the country's energy market "very soon", finance minister Jeremy Hunt said on Wednesday, after lawmakers blamed poorly designed regulation for some of the soaring cost of energy.
UAE Issues Law to Regulate Linkage of Renewable Energy Production Units to the Grid
The legislation seeks to contribute to the country’s efforts towards achieving net zero emissions by 2050
COP27 Reaches a Deal on Climate Compensation
Analysts say the biggest economies must commit to larger CO2 reductions as the UN Secretary-General calls for a “giant leap on climate ambition”.
COP27 Reaches Key Deal on “Loss and Damage” Funds for Nations Vulnerable to Climate Change
Final COP27 document seen as offering tacit support for natural gas and blue hydrogen amid warnings that energy transition is falling behind Paris objectives.
COP27 Draft Climate Deal Published but Gaps Remain
The U.N. climate agency on Saturday published an updated draft of a proposed final agreement for the COP27 summit, fleshing out some key parts of the deal countries are struggling to reach.
EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials
The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU's energy policy chief told Reuters.
South Korea Unveils New Hydrogen Policies
It aims to be a global hydrogen powerhouse.
EU Financial Watchdog Launch Fact-Finding Dive Into ‘Greenwashing’
The European Union's banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand 'greenwashing' as billions of euros flow into investments that tout their sustainability credentials.
Canada's Ontario to Extend Gas, Fuel Tax Cut for a Year
The Ontario government said on Sunday it will extend a fuel and gas tax cut first introduced last spring by another year to help residents cope with high inflation and economic uncertainty.
German Parties Agree to Ratify CETA, Quit Energy Charter
Germany's ruling coalition parties have agreed a raft of new trade policy measures, including quitting the Energy Charter Treaty, which has come to be seen as an obstacle to tackling climate change.
Canada, Nigeria Target Oil and Gas Methane Emissions With New Laws
Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the fossil fuel energy sector.
Romanian Government Partially Regulates Energy Markets Until 2025
Romania's government changed its energy support scheme for households, small businesses and industry on Friday, partially regulating its power market until March 2025 to ensure security of supply.
Persistent EU Rifts Seen Delaying Any Approval of Gas Price Cap
Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch.
EU Proposes Tighter Vehicle Pollution Emission Standards
The European Commission proposed on Thursday broadly tighter limits for vehicle emissions of harmful nitrogen oxides and particulates, including new standards for pollution from brakes and tyres.
Paris Climate Agreement
BHP Shareholders Vote Against Resolution to Lobby Australian Government on Climate
BHP Group shareholders voted against a resolution calling on the mining giant to lobby the Australian government on its climate change policy at its annual general meeting on Thursday.
COP27 Kicks off With Deal to Discuss Climate Compensation
Move to formally discuss issue followed late-night talks.
Nuclear Power Plant
Czech Govt Proposal for Revenue Cap on Power Producers Hits Nuclear Hardest
The Czech industry ministry has proposed a cap on power producers' revenue ranging from 70 to 230 euros per megawatt hour, depending on the source.
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