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EU
Germany Says Borrowing More Money to Compete With the U.S. Would Be a ‘Threat’ to Europe
European Commission President Ursula von der Leyen said Sunday “new and additional funding at the EU level” will be needed to make European companies more com…
United States
Explainer: Why the U.S. Inflation Reduction Act Has Europe up in Arms
Top European Union officials will use a trade meeting with U.S. counterparts on Monday to press concerns about Washington's huge new green energy subsidy packag…
United Arab Emirates
New UAE Law Regulates Renewables Production Units Link to Grid
This is in line with UAE’s plan to diversify renewable energy sources.
Crude Oil
Price Cap on Russian Oil Comes Into Effect
The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues…
United States
U.S. Senators Introduce Bill to Expand E15 Gasoline Sales, with Support from Oil Group
U.S. senators from Nebraska and Minnesota introduced legislation on Tuesday that would expand nationwide sales of E15.
Offshore Wind Power
UK Government Moves to Defuse Parliamentary Row over Onshore Wind
Britain's government sought on Monday to defuse a simmering row over a push by some Conservative lawmakers to make it easier to build onshore wind farms by sayi…
Natural Gas
Ofgem’s Market Reform Proposals Criticised by British Gas Owner
Centrica CEO Chris O’Shea has accused Ofgem of an “abdication of responsibility”
Italy
Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…
Energy Transition
Vietnam Boosts Coal Use Plan for 2030 as G7 Climate Offer Stalls
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were s…
Germany
Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says
Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…
United Kingdom
UK Could Add 1GW of Hydropower With Policy Support – Report
A report commissioned by the British Hydropower Association reveals hydropower can provide an additional 1GW of energy in the UK under the right policy framewor…
Natural Gas
UK to Set Out More Energy Reforms ‘Very Soon’: Hunt
Britain's government plans to announce reforms to the country's energy market "very soon", finance minister Jeremy Hunt said on Wednesday, after lawmakers blame…
Distributed energy
UAE Issues Law to Regulate Linkage of Renewable Energy Production Units to the Grid
The legislation seeks to contribute to the country’s efforts towards achieving net zero emissions by 2050
Carbon Emissions
COP27 Reaches a Deal on Climate Compensation
Analysts say the biggest economies must commit to larger CO2 reductions as the UN Secretary-General calls for a “giant leap on climate ambition”.
Energy Transition
COP27 Reaches Key Deal on “Loss and Damage” Funds for Nations Vulnerable to Climate Change
Final COP27 document seen as offering tacit support for natural gas and blue hydrogen amid warnings that energy transition is falling behind Paris objectives. …
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