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United States
US West Faces Power Reliability Issues from Growing Use of Renewables
A group responsible for power market reliability in Western North America said the growing use of renewable generation will require the region to boost planning…
Crude Oil
UK Considering Big Increase in Energy Windfall Tax, Sources Say
British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries…
Germany
German Budget Experts Push for Dividend Ban Tied to Energy Subsidies
Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …
Coal-Fired Power Plants
The $15 Billion Plan to Curtail Indonesia’s Coal Industry
The United States and Japan will lead a group of counties that will offer $15 billion to Indonesia for retiring its coal power plants earlier and moving on to l…
Nuclear Reactor
EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity
The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.
Hydrogen Production
Philippines’ President Greenlights Offshore Wind, Green Hydrogen Plan
The Philippines’ President has given the country’s Department of Energy the green light to move forward with its plan to explore and develop the offshore wind…
Nuclear Reactor
Finland Introduces Scheme to Prevent Power Blackouts
Finland's national power grid operator said on Friday it will introduce voluntary procedures for companies and the public sector to help prevent electricity sho…
Carbon Emissions
COP27: Biden Says US Will Meet 2030 Emissions Targets
During his speech at the climate summit, he said the government has put its money where its mouth is on climate change.
Carbon Emissions
Global CO2 Emissions in 2022 ‘Remain at Record Levels’
Projected emissions from coal and oil are above their 2021 levels, according to a new report.
Energy Transition
IRENA’s Energy Transition Platform Bags $1b Investments
The platform aims to ramp up funding for renewable projects in developing countries.
Hydrogen Project
Israeli and Moroccan Companies Forge Hydrogen Partnership at COP27
Israeli company H2Pro and Moroccan renewable energy developer Gaia Energy have signed a strategic agreement for the co-development of a gigawatt-scale green hyd…
Oil & Gas Supply
The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…
Natural Gas
Russia to Pursue Gas Deals With Turkey at G20
Russia is set to announce its plans for gas deals with Turkey at the G20 meeting in Indonesia next week, Russia’s foreign ministry said on Thursday.
Energy Transition
AIIB, GEAPP to Invest $1b for Energy Transition Projects
They will identify co-financing opportunities in both the public and private sectors.
Energy Transition
Show Us the Money: Developing World at COP27 Seeks Financing Details
Finance took centre stage at the COP27 climate talks on Wednesday, with U.N. experts publishing a list of projects worth $120 billion that investors could back …
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