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G7, Vietnam reach $15.5 bln climate deal to cut coal use
The Group of Seven (G7) industrialised nations has agreed with Vietnam to fund the Southeast Asian country's transition away from coal with $15.5 billion, two Western sources told Reuters on Wednesday.
read more... 14/12/2022
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EU at odds over gas price cap as 12 countries criticise latest proposal
A dozen countries including Belgium, Italy, Poland and Slovenia have made a push to "significantly" lower a planned European Union cap on gas prices, as the bloc struggles to strike a deal on the measure.
read more... 12/12/2022
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EU reaches deal for $60/b price cap on Russian crude ahead of G7 deadline
The EU reached an agreement Dec. 2 for a $60/b price cap for Russian crude, paving the way for the G7-led initiative to launch Dec. 5, a move expected to further shake up global seaborne oil trade as Russian crude and oil products struggle to find new buyers.
read more... 05/12/2022
European Commission approves $394m funding for 168 green projects
The European Commission (EC) has granted more than $394m in funding for 168 climate action ‘green deal’ across Europe.
read more... 28/11/2022
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Poland’s PPA price cap harms green operators
Poland’s plans to cap prices for green generators in power purchase agreement (PPA) deals will seriously hamper their profitability, market participants told Montel.
read more... 17/11/2022