Germany's government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.
read more... 06/02/2024
Italy will provide subsidies worth almost 1 billion euros ($1.1 billion) this year to support car purchases and the transition to less polluting vehicles, an industry ministry official said on Thursday.
read more... 02/02/2024
Global investment in the energy transition surged by 17% in 2023 to $1.7trn, according to a report from research provider BloombergNEF (BNEF).
read more... 01/02/2024
Electricity prices on the EU wholesale market have been on a downward trend in recent months, a development some governments see as an opportunity to remove subsidies introduced in response to the energy crisis, while others see as a bad signal for the energy transition.
read more... 26/01/2024
Italy's Snam, opens new tab will invest 11.5 billion euros ($12.5 billion) by 2027 to expand its infrastructure to support the country's energy transition, 15% more than in its previous business plan, the gas network operator said on Thursday.
read more... 26/01/2024