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Green Policy
February 24, 2023
EU climate diplomacy deal caught in debate on nuclear
The European Union countries failed to adopt climate diplomacy conclusions scheduled for Monday due to a developing split over the role of nuclear energy in the green transition, according to EU officials.
The European Commission proposed regulations l
February 24, 2023The European Commission proposed regulations l
EU carbon price hits record high, topping €100 per tonne
The price of permits on the European Union's carbon market reached 100 euros ($106.57) a tonne for the first time on Feb. 17, reflecting the increased costs that factories and power plants must bear when they pollute.
EUAs are the primary currency in t
February 23, 2023EUAs are the primary currency in t
Germany to quicken power market reform amid rising demand, minister says
Germany must act quickly to meet its renewable energy targets if it wants to keep the lights on amid rising energy demand, Economy Minister Robert Habeck said.
Habeck is looking to overhaul the 550 terawatt hours (TWh) per year market, as demand rises
February 22, 2023Habeck is looking to overhaul the 550 terawatt hours (TWh) per year market, as demand rises
Indonesia’s energy transition continues to face headwinds
Indonesia is one of the world's leading coal producers. Nonetheless, it has pledged to cut back on its usage of fossil fuels in the near future.
Last year, Indonesia signed five agreements to cut its carbon emissions. Among these was the $20 billion Ju
February 22, 2023Last year, Indonesia signed five agreements to cut its carbon emissions. Among these was the $20 billion Ju
Europe may face tighter energy shortage next winter, IEA's head warns
Fatih Birol, head of the International Energy Agency (IEA), has warned of potential energy shortages next winter due to a lack of new liquefied natural gas (LNG) entering the market, while China's appetite is set to rise this year.
February 20, 2023EU countries set to agree push on fossil fuel phase-out
European Union countries are ready to approve a diplomatic statement on Monday calling for a global phase-out of fossil fuels, as they prepare for this year’s COP28, a draft document revealed.
February 20, 2023Supply chain, red tape hamper European renewables projects: RWE CEO
The most significant barriers to rapidly expanding renewable energy in Europe are supply chain capacity and an uncertain investment environment, according to Markus Krebber, CEO of Germany's largest utility RWE.
February 18, 2023China's CNPC set to strike 30-year LNG deal with Qatar
China National Petroleum Corp (CNPC) is close to finalizing an agreement to purchase liquefied natural gas (LNG) from QatarEnergy for up to 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of t
February 17, 2023Seven countries oppose EU’s overhaul of electricity market
Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg, and Latvia have warned Brussels not to make major changes to the European Union's power market in response to the energy crisis, calling instead for minor alterations.
February 16, 2023EU sets out framework for nuclear-derived hydrogen
The European Commission on Monday proposed regulations that could allow some hydrogen produced in nuclear-based energy systems to contribute toward EU renewable energy objectives, signaling a victory for pro-nuclear France.