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Netherlands warns against EU carbon market fundraising plan
The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian gas would undermine the bloc's climate change policy, and put forward alternative plans.
read more... 08/09/2022
Germany introduces steps to boost renewable energy expansion
Germany's government will introduce further measures to promote the expansion of renewable energy, including a new solar power tender and improving biogas plant regulations, a draft law showed on Tuesday, as Berlin seeks alternatives for Russian gas.
read more... 07/09/2022
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Hungary aims to invest EUR 16 bln by 2030 to curb gas reliance
Hungary aims to invest up to 16 billion euros by 2030 to boost electricity production and storage capacity and curb reliance on gas imports, supplied mostly by Russia, Technology and Industry Minister Laszlo Palkovics said on Tuesday.
read more... 07/09/2022
Scholz promises 65 bln euros to shield Germans through tough winter
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
read more... 05/09/2022
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G7 Agrees On Oil Price Cap As Moscow Threatens To Halt Gas Supply To Europe
The G7 group of the most industrialized nations agreed on Friday to finalize and implement a price cap on Russian oil, aiming to reduce Vladimir Putin’s oil revenues for his war chest.
read more... 05/09/2022