Tag Archives: European Union (EU)

EU Has No Plans to Reduce Oil, Gas Imports from Russia

The European Union (EU) is not going to reduce oil and gas imports from Russia, simultaneously keeping them from other sources, European Union’s High Representative for Foreign Affairs and Security Policy Josep Borrell told a press conference on EU-Russia relations on Wednesday, adding that Europe’s hydrocarbons consumption will go down …

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EU, Bill Gates Form $1 Billion Clean Energy Pact

The European Commission and Bill Gates joined forces in an initiative that wants to mobilize as much as $1 billion investment in clean technologies such as green hydrogen and sustainable fuels. The Commission and Breakthrough Energy Catalyst, a program founded by Gates, want to muster the funding in 2022-2026 to …

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Europe’s Zero Pollution Dreams

Of all the objectives in the European Green Deal, presented in December 2019, the “Zero Pollution Action Plan” immediately jumped out as the one policymakers were likely to struggle with the most. “Creating a toxic-free environment” with zero air, water and soil pollution is something hardly anyone can disagree with. …

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EU Reassessing Role of Natural Gas in Green Finance Rules

The European Union’s landmark rules to classify green investments may need to accommodate natural gas, the European Commission said on Monday, as Brussels weighs a politically fraught decision on how to treat the fossil fuel. The Commission last month published its “sustainable finance taxonomy”, a list of economic activities that …

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