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Economy
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…
EIB Approves €4bn in Clean Energy Investment
The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…
Energy Transition
Just Transition Support Platform for Developing Countries Launched
This forms part of the ADB’s commitment to ensure build capacity of developing countries.
Energy Transition
Indonesia to Get $20B Under Just Energy Transition Partnership
The country’s plans include peaking the power sector’s total emissions by 2030.
South Korea
Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea
Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…
Net Zero Emission
COP27: France, Spain Latest to Pledge Halt to Gasoline-Driven Vehicle Sales
France and Spain on Thursday joined a pledge to stop sales of gasoline-driven vehicles by 2035, five years earlier than previously planned, part of efforts to a…
Hydrogen Project
Egypt Exceeds Expectations With $83BN in Green Energy Deals at COP27
Suez Canal Economic Zone finalises nine agreements with international companies.
Wind Turbine
Siemens Energy Won’t Pay Dividend as Siemens Gamesa Challenges Weigh
Siemens Energy on Wednesday said it would not pay a dividend for 2022, citing a widening net loss and challenges related to its struggling wind turbine division…
Carbon Emissions
US Launches $50M Pilot to Help Non-profits Make Critical Energy Upgrades
Organisation can purchase materials and implement building upgrades to decrease utility costs and help reduce carbon emissions in commercial buildings.
Net Zero Emission
Alliance Launches to Accelerate Green Infrastructure Finance in Africa
The African Union, the African Development Bank and Africa50 together with several global partners launched a multi-billion alliance for green infrastructure. …
Carbon Emissions
New Biofuels Can Boost Fuel Economy and Slash Carbon Emissions in Cars and Trucks
Argonne collaborates with U.S. laboratories on research to identify promising biofuels for different engine types.
United Kingdom
UK Unboxes £65m Clean Tech Investment at COP27
The new funding aims to make clean technologies accessible and affordable to developing countries.
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 …
Energy Transition
Global Investment Firm KKR Invests $400m in India’s Serentica Renewables
Serentica Renewables seeks to enable the energy transition by providing clean energy solutions for energy-intensive, hard-to-abate industries.
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