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Business
France
France Spends 8.4 Billion Euros to Help Companies With Energy Bills
France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas price…
Electric Car
GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25
General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…
Net Zero Emission
First UK Deployment of Pioneering Net Zero Technology in Scotland
WORLD-LEADING decarbonisation technology will be deployed in the UK for the first time as part of a collaboration between climate tech company Levidian and solu…
Czech Republic
Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan
The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…
Hydrogen Project
World Bank Group Announces International Low-Carbon Hydrogen Partnership at COP27
The World Bank hydrogen partnership will foster capacity building and regulatory solutions, business models, and technologies toward the roll out of low-carbon …
Net Zero Emission
Turkey Raises Greenhouse Gas Emission Reduction Target for 2030
Turkey will aim to bring its greenhouse gas emissions 41% below business-as-usual levels by 2030, raising the target from 21%, Environment Minister Murat Kurum …
Romania
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 Marc…
Energy Transition
Spain's Iberdrola to Invest $47 Bln in Energy Transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two year…
Germany
Germany Must Ask High Earners to Help With Energy Relief - Economic Council
Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving en…
Carbon Emissions
DP World Earmarks $500 Million to Cut CO2 Emissions Across Its Business
Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next fi…
Shell Signs Agreement to Acquire ECL Business of PANOLIN
Wholly-owned subsidiaries of Shell plc in Switzerland, the UK, the US, and Sweden have entered into agreements to acquire the environmentally considerate lubric…
Smart Grid
E.ON Launches Digital Business to Manage Grid Complexity
Germany-based electric utility company E.ON has launched a subsidiary, E.ON One, in a digitalisation push.
Carbon Emissions
Microsoft's President Warns of Talent Shortage for Tackling Climate Change
Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability.
Green Investment Group Buys BayWa r.e. Bioenergy Platform
Maquarie Asset Management’s GIG acquires specialist biogas platform from BayWa r.e. AG and looks to grow business across Germany, Italy and rest of Europe.
GE’s Renewables Business Reports $1.8bn Loss so Far This Year
Industrial giant GE reported a bumpy third quarter across its renewable energy and power business segments.
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