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Italy eyes 19 billion euros in energy investments as it reviews post-COVID plan

Italy said on Thursday it planned to use EU money to fund an investment programme worth around 19 billion euros ($21 billion) to strengthen power and gas grids and make its economy greener.

read more... 28/07/2023

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Investing in new nuclear is ‘bad for the climate’

New nuclear is less cost-competitive than wind, solar or electricity storage options and hinders investments in renewable energies that could otherwise be deployed much faster, according to a peer-reviewed commentary published in the scientific journal Joule.

read more... 27/07/2023

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Polish government approves first nuclear power plant

Poland's Ministry of Climate and Environment has given a decision-in-principle for Polskie Elektrownie Jądrowe (PEJ) to construct a nuclear power plant in Pomerania. It is a formal confirmation that the company's investment project is in line with the public interest and the policies pursued by the state, including energy policy.

read more... 14/07/2023

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EU proposes Energy Charter Treaty exit after climate concerns

The European Commission proposed on Friday that EU countries jointly quit an international treaty that has been criticised for blocking efforts to fight climate change because its protection of energy investments extends to fossil fuels.

read more... 10/07/2023

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EU needs over $760 bln/yr to hit green transition targets

Europe will require investments of more than 700 billion euros ($762.44 billion) a year to meet its energy transition goals to combat climate change, the European Union Commission said on Thursday.

read more... 07/07/2023

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