The UK is to impose a 25% 'windfall' levy on earnings from North Sea oil and gas production while doubling relief on investments in the sector in an "emergency" temporary measure to support the population in the face of surging energy and living costs, finance minister Rishi Sunak said May 26.
read more... 27/05/2022
European Union lawmakers will attempt to block a plan to label gas and nuclear energy as sustainable investments as Europe wrestles with reducing its carbon dioxide emissions to address climate change.
read more... 23/05/2022
The European Commission submitted on Wednesday (18 May) a €300 billion plan to eliminate Russian energy imports by 2027, although it admitted this would require short-term investments in new fossil fuel infrastructure to replace imports of Russian oil and gas.
read more... 20/05/2022
Germany will oppose European Union plans to include nuclear energy as a sustainable investment in its "taxonomy" policy for labelling green investments, the government said on Monday.
read more... 17/05/2022
Romania and Bulgaria, southeastern Europe’s largest energy consumers after Greece, plan to cut their reliance on Russian gas by 2024, but Moscow's presence in the region could slow down developments for investments, experts said.
read more... 06/04/2022