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Net Zero
Germany Launches Green Subsidies for Industry
German Economic Affairs and Climate Action Minister Robert Habeck presents the annual economic report during a session of the lower house of parliament, the Bun…
Carbon Emissions
Germany to Earmark 4 Bln Euros for Industry Decarbonisation Subsidies - Source
The German government will earmark some 4 billion euros ($4.31 billion) for subsidies to support energy-intensive firms switching to green production, a governm…
Biofuel
UK Considers Extending Subsidies for Large-Scale Biomass Power Producers
The U.K. government is considering extending subsidies for biomass power producers that plan to develop bioenergy with carbon capture and storage (BECCS) capaci…
Geothermal Power Plant
Valencia, Spain Offers Subsidies for Geothermal, Other Renewables
The Hemispheric in Valencia, Spain (source: Diliff, CC BY-SA 3.0, via Wikimedia Commons)A call for aid has been issued for renewable thermal energy projects in …
Hydrogen Fuel Cell
Enel Cancels Second Hydrogen Fuel Project in Italy
The company said it’s scrapping the La Spezia project despite millions in subsidies in Europe.Enel, an Italian energy group, has announced that it will no…
Electric Vehicles
Thailand approves 2024-27 EV support measures
The second phase of Thailand's electric vehicle (EV) package for 2024-27 has been approved by its National Electric Vehicle Policy Board, in a bid to suppor…
Oil & Gas Trade
Russia to Lose $4 Bln Tax Take as It Reverses Cut In Refining Subsidy
Russia's hasty restoration of a "damper" subsidy for oil refiners will not only cost the state budget 400 billion roubles ($4.3 billion) in subsidies this y…
Hydrogen Project
$7 Billion in Subsidies Raises Spectre of Canadian Hydrogen Development
Toyota Mirai, hydrogen-fuelled car. (Reference image by the Province of British Columbia, Flickr.)BC’s abundant clean hydro power is attracting a wave of …
Energy Storage Project
Umicore Shares up as Canada Offers Subsidies for Battery Plant in Ontario
Credit: UmicoreShares in Umicore (EBR: UMI) rallied on Tuesday after the Canadian and Ontario governments pledged to grant the battery maker C$975 million ($715…
Wind Turbine
Brussels Considers Investigating Chinese Wind Turbine Subsidies
Brussels is considering launching an investigation into China’s use of subsidies to promote its wind turbine manufacturers. This move comes in response to…
Electric Vehicles
Biden's $12 Billion Answer to Converting the Trillion Dollar Auto Industry
The Biden administration is offering $12 billion in grants and loans to automakers and suppliers to retrofit their plants to manufacture electric vehicles.Vehic…
Oil & Gas Trade
Global Fossil Fuel Subsidies Skyrocket to $7 Trillion
BP's CEO Bernard Looney and even the most pro-transition governments believe investing in immediate energy needs, like oil and gas, is essential, leading to…
Electric Vehicles
Texas Officially Forces Tesla's Nacs on Charging Stations to Get Access to $400 Million in Subsidies
Texas has officially approved an initiative that would force charging stations to be equipped with Tesla’s NACS connector in order to get access to over $…
Wind Farm
BP Plans to Build the First Subsidy-Free Offshore Wind Farms
BP plans to build two offshore wind farms in the Irish Sea without seeking government subsidies, according to The Times. If successful, this would be the first …
Net Zero
Government of Canada Releases Framework for Ending Fossil Fuel Subsidies
Steven Guilbeault, Canada’s Minister of Environment and Climate Change, released the Inefficient Fossil Fuel Subsidies Government of Canada Self‑Review A…
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