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Seven EU countries oppose new EU funding as response to US subsidy plan

Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as seven EU countries openly rejected the idea in a letter to the EU executive.

read more... 27/01/2023

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Britain opens nuclear fuel fund with aim to cut reliance on Russia

Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications.

read more... 02/01/2023

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EU agrees €20 bln boost for energy funding to quit Russian gas

The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc's reliance on Russian fossil fuels, under a political deal reached on Wednesday.

read more... 15/12/2022

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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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Hydrogen pipeline between Spain and France to cost $2.6 bln

An underwater pipeline to carry green hydrogen between Spain and France will cost about 2.5 billion euros ($2.6 billion), Spanish Prime Minister Pedro Sanchez said on Friday, adding he hoped the European Union would partly fund the project.

read more... 12/12/2022

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