Eu

EU

COP27: EU and Egypt Unite Behind Green Hydrogen and a Just Transition

The EU and Egypt have signed a cooperation agreement to develop renewable hydrogen and prepare the groundwork for a just transition in Egypt.

Net Zero Emission

Turkey Needs EUR 9.6 Billion Annually to Achieve Climate Goals

Turkey will need around EUR 9.6 billion of investments annually to raise the capacity of solar, wind, and storage technologies and reduce fossil fuel consumptio…

Crude Oil

Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head

Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …

Carbon Neutral

EU Reaches Deal to Increase Carbon Removals From Land Use, Forestry and Agriculture

The agreement boosts the EU’s target for net carbon removals by natural sinks to 310m tonnes of CO2 equivalent by 2030.

EU

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' a…

Crude Oil

Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA

Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …

Carlyle Launches European Clean Energy Developer: ‘We Would Rather Build’

Private equity firm Carlyle Group Inc has formed a unit to build solar and other renewable energy plants as part of a push into creating infrastructure to addre…

Namibia

Namibia’s First Green Hydrogen Power Plant Finds Finance

Hydrogène de France (HDF) Energy has partnered with European Investment Bank partner to implement Namibia’s first green hydrogen power plant.

Canada

Canadian-Portuguese Joint Venture Plans $1.04 Bln Hydrogen Plant in Sines

Canadian renewable energy company Neogreen Hydrogen and Portuguese developer of photovoltaic solar parks Frequent Summer announced on Monday plans to invest mor…

Carbon Neutral

Asia’s Coal Phase-Out Must Be Gradual, Says Mitsubishi Heavy Head

Asia must phase out coal power gradually while still making use of existing infrastructure to make the shift to a carbon-neutral society less disruptive, Seiji …

CCS

Capturing CO2 and Repurposing It Into Neutral Chemicals

A new study performed by the University of Surrey has shown that Carbon dioxide (CO2) can be captured from the encircling atmosphere and reprocessed into benefi…

EU

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 a…

Natural Gas

COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years

Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.

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 Project

Portugal Seeks to Become Major Exporter of Green Hydrogen

Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros ($10.2 billion…