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
Britain approved its first new deep coal mine in decades on Wednesday to produce the high-polluting fuel for use in steelmaking, a decision which drew criticism from opponents who say it will hinder climate targets.
read more... 08/12/2022
Bulgaria's parliament approved on Tuesday a temporary windfall tax of 33% on oil, gas and coal companies, implementing a European Union-wide agreement on the issue.
read more... 07/12/2022
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity produced by coal, fuel oil, or renewable power generation, officials at the central bank, Bank of Italy, said on Monday.
read more... 07/12/2022
The German government plans to introduce a special levy to skim off 33% of windfall profits made by oil, coal and gas companies, which could generate revenue of between one and three billion euros, finance ministry sources told Reuters.
read more... 24/11/2022