As part of a wider funding package of EUR 4.1 billion to accelerate renewable energy investment, support COVID-19 economic resilience by backing private sector investment, improve sustainable transport and upgrade schools and social housing, the European Investment Bank (EIB) approved a special package on renewable energy.
read more... 22/06/2021
Brussels policymakers, about to unveil the world's first carbon border levy, are caught between industry demands to twin it with free carbon permits worth billions of euros, and analysts' warnings that doing so could expose the EU to legal challenges at the WTO.
read more... 22/06/2021
German luxury carmaker plans to end production of new internal combustion engine models by the end of 2026, German media reported on Monday quoting company’s CEO Markus Duesmann.
read more... 22/06/2021
Crude oil prices increased on Friday, lifted by favorable outlooks for black gold demand. Despite a stronger US dollar and renewed Covid-19 concerns, Brent oil edged 0.6% higher at $73.51 a barrel, and WTI crude rose by 0.8% to $71.64 a barrel.
read more... 21/06/2021
The Australian government has rejected plans for a $36 billion wind, solar and hydrogen project in a remote area of Western Australia, leaving what would have been one of the world's largest green energy projects in limbo for now.
read more... 21/06/2021