The European Commission on Monday proposed new rules under which hydrogen produced with nuclear energy is to be considered green. Rather than being labelled as “renewable” though, hydrogen made using nuclear electricity will be termed as “low-carbon” hydrogen. According to EU officials, there is “no place” for nuclear energy when …
Read More »Russia Bans Oil Sales to Countries that are Using a Price Cap Including the EU, the G7 and Australia
From 1 February, Russia will completely ban the sale of oil to countries that have introduced a price cap on its exports. The $60 (€56) cap was agreed at the beginning of December by the EU, the G7 group of nations and Australia. On 27 December, Russian President Vladimir Putin …
Read More »Hungary, Slovakia, Czech Republic and Bulgaria still Resisting EU Ban on Russian Oil
Talks aiming at agreeing an EU-wide ban on Russian oil imports have gone into a sixth day. Hungary, Slovakia, the Czech Republic and Bulgaria are resisting approval and demanding special dispensations to accommodate domestic needs. The main point of contention remains the ambitious timeline envisioned by the European Commission: a …
Read More »Belgium Postpones Phase-Out by 10 Years due to Ukraine War
Belgium has decided to postpone its nuclear phase-out scheduled for 2025 by 10 years, worried about soaring energy prices due to the Russian invasion of Ukraine. “The federal government has decided to take the necessary measures to extend the life of the two most recent nuclear reactors by 10 years,” …
Read More »Nord Stream 2 Construction Completed, but Ukraine Pledges to Continue Fight
Ukraine has said it will continue to fight against the Nord Stream 2 after Russia announced the gas pipeline was completed. The Kremlin said the pipeline, which runs from Russia to Germany, should be put into operation “as soon as possible”. The controversial project, which began in April 2018, has …
Read More »Nord Stream 2 Pipeline must Follow EU Competition Rules
The Nord Stream 2 gas pipeline is not exempt from European Union competition rules, a German court has ruled. The operating company of the Baltic Sea pipeline failed in its bid to be excluded from certain EU regulations and must now unbundle its business. The regional court decision is a …
Read More »Japan’s Hydrogen Economy to Power the Tokyo Olympic Games
When the final torch bearer lights the Olympic cauldron in the Japan National Stadium on July 23, it will mark not only the start of the Games, but a new chapter in the country’s drive towards a sustainable future. For the first time in the history of the Games, hydrogen …
Read More »The Scale of China’s Bitcoin Mining Rush could Undermine Its Carbon-Zero Goals
China’s electricity-guzzling Bitcoin mines, which power nearly 80 per cent of the world’s cryptocurrency trade, could undermine the country’s climate goals, according to a study published on Tuesday in the scientific journal Nature. While the terminology cunjures up images of digging up precious minerals from a hole in the ground, …
Read More »Crimea`s Role in Depletion of Russia`s Resources
Crimean issue`` has depleted the Reserve Fund. it will have to deplete Russia’s National Welfare Fund next.
Read More »Norway`s Arctic Oil Drilling Decision Blow to Environmentalists
Norway is Western Europe'.s largest producer and exporter of oil and gas.
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