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France budgets 500 mln euros annually for green industry tax credit
The French government plans to budget half a billion euros annually for a new tax credit for environmentally-friendly investments as part of a bill presented on Tuesday to green the industrial sector, Finance Minister Bruno Le Maire said.
read more... 17/05/2023
Daily (16.05.2023): European Cal24 power prices fell on Monday amid an overall bearish energy complex
Crude oil prices rebounded on Monday as tightening supplies offset concerns over the US economy, including the standoff on the looming debt-ceiling deadline. Hence, Brent crude rose by $1.06, or 1.4% to settle at $75.23 a barrel. U.S. WTI crude settled at $71.11 a barrel, up $1.07, or 1.5%.
read more... 16/05/2023
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EU lawmakers consider profit cap in case energy prices resurge
Lawmakers in the European Parliament will consider a proposal to cap power plants' windfall revenues if Europe faces another energy price crisis and use the cash to cushion citizens from soaring bills.
read more... 16/05/2023
EU countries to finalise 42.5% renewable energy target
European Union countries are set to finalise a new renewable energy target to get 42.5% of the bloc's energy from renewable sources by 2030, a final version of the law showed.
read more... 16/05/2023
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Italy looks at nuclear energy to supplement energy mix
Investing in nuclear is necessary for Italy to pursue its energy objectives and ensure European energy sovereignty, said far-right MP Luca Toccalini (Lega/ID) as the Italian coalition expresses support for nuclear.
read more... 16/05/2023