Tag Archives: European Union (EU)

More than 110 countries want the COP28 climate negotiations to adopt a goal of tripling renewable energy and doubling energy efficiency by 2030, European Commission President Ursula von der Leyen said Friday. The European Union first appealed for the new target earlier this year, and the cause has since been …

The European Commission is expected to propose next week a plan for accelerating investment in grids to support the EU’s renewable energy targets, according to a draft of the plan seen by Reuters. “The backbone of today’s electricity systems, grids are set to become increasingly important as clean energy transitions …

New rules on curbing methane emissions in Europe’s energy sector may actually boost the case for liquefied natural gas and shouldn’t affect exports from the US. “All of the progress around emissions reduction is positive for the gas business,” Peter Clarke, senior vice president for global LNG at Exxon Mobil …

The United States, the European Union, and the United Arab Emirates are looking to drum up new recruits in the form of other governments to sign onto a global deal that seeks to triple renewable energy investment, according to new documents seen by Reuters. The COP28 climate summit hosts are …

This month saw the launch of the EU’s CBAM policy, a much-needed abbreviation for Carbon Border Adjustment Mechanism. Officials designed the trade policy to put a fair price on the carbon emitted during the production of carbon-intensive goods entering the European Union. They also hope it will encourage cleaner industrial …

The European Union has announced a raft of multimillion dollar deals at a forum for its Global Gateway program, the bloc’s new infrastructure partnership plan that’s seen as an alternative to China’s worldwide Belt and Road Initiative (BRI). The first Global Gateway Forum kicked off in Brussels on October 25 …

The European Union’s plans to include natural gas pipeline projects that could be converted to carry hydrogen in the EU’s multi-billion-euro program for subsidies to crucial infrastructure projects is support for major fossil gas producers, environmental organizations say. The EU is set to debate and decide in the coming weeks …

QatarEnergy signed a 27-year deal with Eni SPA to supply up to one million tons per annum (MMtpa) of Qatari liquefied natural gas (LNG) to Italy. The signing in Doha follows separate LNG contracts scored by state-owned QatarEnergy from two other European energy heavyweights in France’s TotalEnergies SE and Britain’s …

The EU’s Carbon Border Adjustment Mechanism (CBAM), commonly known as the “carbon border tax”, kicked off on October 1 in the first transitional phase for imports of several carbon-intensive groups of products into the European Union. The first phase of the EU’s carbon import pricing legislation will not impose levies …

The European Union’s energy imports slipped for the second quarter in a row compared to the previous year, a reversal of a trend of significant increases in energy imports between 2021 and 2022, the European Commission said Monday. In the second quarter of 2023, compared with the same quarter of …