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Regulation
China
China to Launch Carbon Emissions Trading Scheme Next Month
The ministry issued rules on Tuesday allowing provincial governments to set pollution caps for big power businesses for the first time.
Iran
Strait of Hormuz: The World's Most Important Oil Artery
Iran's Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, amid tensions between Tehran and Seoul over Iranian…
Oil Pipeline
US Congress Authorizes New Nord Stream 2 Sanctions
The sanctions aim to derail construction of the remaining offshore portion of Russian state-controlled Gazprom's near-complete 55bn m³/yr Nord Stream 2.
South Korea
Iran Seizes UAE-Bound Chemical Tanker
Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf.
Energy Subsidies
Serbia Issues Guidelines for Draft Law on Renewable Energy
The first law on renewable energy sources in Serbia will regulate premiums for new renewable energy capacities, the introduction of auctions, subsidies for smal…
Energy Subsidies
Serbia to Spend EUR 1 million on Subsidies for Electric, Hybrid Vehicles
In order to reduce air pollution, purchases of electric and hybrid vehicles will be subsidized with EUR 1 million in 2021.
Electricity Trade
Energoatom Accepts Need for Fixed Power Prices
Ukrainian nuclear power plant operator Energatom says it understands the urgent decision taken by the Cabinet of Ministers on 28 December to extend regulations …
Market Analysis
Wood Mackenzie’s Top Ten Predictions for Energy in 2021
Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.
Electric Car
China Cuts Subsidies on NEVs for Healthier Development
China will cut subsidies on new energy vehicles starting Friday to promote the healthy development of the industry, said a circular posted on the official websi…
United States
Biden to Rescind Trump's Last-Minute Rulemaking
President-elect Joe Biden plans to act quickly upon taking office to block pending regulations issued by his predecessor and to rescind executive orders issued …
Electric Car
Govt Announces New Electric Vehicle Policy for Four Wheelers
The Federal Cabinet on Tuesday approved the new Electric Vehicle (EV) policy for four wheelers.
South Korea
South Korea Plans To Downsize Nuclear & Coal While Quadrupling Renewables By 2034
South Korean President Moon Jae-in previously committed to moving away from nuclear power and toward renewable energy.
Coal-Fired Power Plants
RWE Power Takes First Plant off Grid – Unit D in Niederaussem
From 31 December 2020, RWE Power will decommission the 300-megawatt Unit D at its Niederaussem lignite power station.
Brexit
UK Parliament Votes for Brexit Deal
Members of Parliament today approved legislation that will pass the UK-EU post-Brexit deal into UK law, in a vote split 521 in favour and 73 against.
Hydrogen Fuel Cell
China to Reduce Tariffs on Imported Hydrogen Fuel Cell Components to Boost Development of the Technology
China will lower tariffs on fuel cell-related components imported to the country in 2021 to promote development of the technology.
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