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EU countries fail to agree energy reforms after coal subsidy clash

European Union countries failed on Monday to agree on planned new rules for the bloc's power market, having clashed over a proposal to extend subsidies for coal plants under the reform, and a push to expand state aid for other power plants.

read more... 20/06/2023

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EU to vote on extension for coal subsidies beyond 2025 Monday

European Union countries are considering a proposal that would let member states prolong capacity mechanism support for coal plants by ducking CO2 emission limits, a draft document seen by Reuters showed.

read more... 19/06/2023

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EU tries to pass renewable energy deal, sources say ammonia exception eyed

EU countries hope to pass a deal on new renewable energy targets on Wednesday and are considering options including an exemption for certain ammonia plants, in an attempt to win over countries sceptical of the final law, diplomatic sources said.

read more... 14/06/2023

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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

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Westinghouse unveils small modular nuclear reactor

U.S. company Westinghouse unveiled plans on Thursday for a small modular reactor to generate virtually emissions-free electricity that could replace coal plants or power water desalinization and other industries.

read more... 05/05/2023

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