Eu

EU

EU Countries Eye Delay to Levy on Fossil Fuel Windfall Profits - Document

European Union countries are considering an option to delay by a year a levy on the windfall profits of fossil fuel companies, as they hunt for a deal on emerge…

Natural Gas

Group of Countries to Push EU for Gas Price Cap

A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen b…

Carbon Emissions

Emirates Steel Arkan Teams up With Japanese Companies to Produce Low-Carbon Steel

Partners plan to build a ferrous raw material production facility in Abu Dhabi to meet growing demand for green steel

Natural Gas

Gazprom Says It Sees Gas Shipments to Europe via Ukraine Stable on Monday

Russia's Gazprom said on Monday that it will ship 42.4 million cubic metres of gas to Europe via Ukraine toda.

Crude Oil

APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles

Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil

Hydrogen Project

EU Approves up to $5.2 Billion in Public Funding for Hydrogen Projects

Hydrogen has a diverse range of applications and can be deployed in a wide range of industries.

Carbon Neutral

Japan Starts Carbon Credit Trading Trial at Tse

Japan started trial trading of carbon credits on Thursday at the Tokyo Stock Exchange (TSE) as the world's fifth-largest carbon emitter aims to create a nationw…

Thermal Coal

HSBC Fund Arm Toughens Thermal Coal Policy to Curb Climate Change

HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an…

Natural Gas

Greece Extends Energy Bill Subsidies Ahead of ‘Winter Battle’

Greece will pay out a further 1.1 billion euros in power bill subsidies in October to shield households and businesses from the impact of soaring energy prices …

Hydrogen Project

EU Gives Green Light for $5.2 Bln in State Aid for Hydrogen Development

The European Commission on Wednesday said it has approved 5.2 billion euros in public funding by 13 EU member states aimed at boosting the supply of renewable a…

Natural Gas

Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter

From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas…

Nuclear Power Plant

France Prepares to Nationalize Its Struggling Nuclear Industry

The French government already owns 84% of Électricité de France, but it is now planning to fully nationalize the company just as the company warns of a huge 2…

Natural Gas

Hungary Warns Against Further EU Sanctions on Russia

Hungary’s Foreign Minister Peter Szijjarto is warning that further EU sanctions on Russia would only hurt the bloc’s members.

Biomass Power Plant

Doosan Škoda Supplies Turbines for La Reunion Coal-To-Biomass Conversion

Czech turbine manufacturer Doosan Škoda Power had been awarded a contract for a biomass plant on the island of La Reunion.

Solar Cell

Naturgy Builds 683 MW of Wind and Solar Power in Spain

The company currently has 20 wind farms and photovoltaic projects under construction and will start work on another 9 facilities in the coming weeks, with a tot…