The European Union’s energy ministers approved on Tuesday a plan to extend the emergency cap on natural gas prices for another year until the end of January 2025. The original cap on gas prices, the so-called “market correction mechanism,” was introduced at the end of last year to shield industry …
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The EU is pushing forward to protect its clean energy manufacturing from Chinese competition by adopting measures to help its EV, solar, and wind industries. The bloc has been looking for months to address its dependence on imported technologies, especially cheaper products from China, which undermine the market shares of …
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The European Union says it’s time for the oil boss presiding over this year’s global climate talks to step up and push for a fossil fuel phaseout. Spanish Ecological Transition Minister Teresa Ribera, who represents EU governments in the negotiations, said Sultan al-Jaber, the COP28 president and CEO of the …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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