Finance & Investment

The conflict between BP and Orsted over their wind farms in the North Sea may be a sign of others. According to the experts, other conflicts may come over the North Sea area as it becomes more and more congested. Energy experts analyze that Britain’s eastern seaboard position allows becoming a significant battleground for competing …

Unsolved BP-Orsted dispute over wind farms may raise similar battles for the North Sea Read More »

Geely, a Chinese automaker, is to make a significant investment to transform the company that makes London’s famous black taxi vehicles. The plan is remaking it into a high-volume, all-electric brand with a variety of commercial and passenger cars, executives at the division told the media. The London Electric Vehicle Company (LEVC) also wants to …

Will Geely transform the maker of London’s black taxi vehicles into an EV powerhouse? Read More »

Research indicates that the European Central Bank (ECB) could significantly reduce the carbon footprint of its portfolio of corporate bonds. ECB can sell just $54.30 billion of debt from polluting corporations. But economists warn that this could lead to significant market distortions. The ECB’s environmental goals have come under the spotlight after board member Isabel …

Too much carbon behind a small number of names: ECB can sell their bonds Read More »

The president of the European Commission stated on Friday that the European Union needed financial instruments to enable its clean technology to compete against American rivals. They already stand to earn from government assistance under the U.S. Inflation Reduction Act (IRA). At a press conference in the northern Swedish town of Kiruna, Ursula von der …

Let the competition begin: EU must push clean technology to compete with the U.S. Read More »

The French operator of the Franco-Spanish pipeline BarMar, GRTgaz, on Thursday issued a Call for Interest, or invitation to participate, to assess the feasibility of constructing a hydrogen transport pipeline connecting the French side with a nearby storage facility. By the decade’s end, the BarMar project will link Spain and France by an underwater pipeline …

French gas company GRTgaz interested in constructing a hydrogen transport pipeline Read More »

Despite an energy crisis at home, Germany exported more power to its neighbors in 2022 than it imported, mainly to an increase in weather-driven renewable generation and higher demand from France. Germany’s primary export markets were Switzerland and Austria. But, in a remarkable shift, Germany as the nuclear-dependent nation sold more to France than it …

Germany continued to export power to its neighbors despite the crisis Read More »

According to a so-called evolution roadmap, the World Bank is looking to significantly increase its lending capacity to address climate change and other global crises. The Bank will negotiate with shareholders on proposals that include a capital increase and new lending tools before meetings in April. The roadmap document shareholder nations got, is the first …

The World Bank requests extra funding to handle climate change Read More »

There is basically nothing that can stop the fourth most populous nation in the globe from making the decision to establish itself as the electric vehicles (EV) capital of the world. In fact, there are multiple reasons why automakers and tech firms are choosing Indonesia as their preferred destination for EV investments. Especially after a …

Indonesia plans millions in incentives to boost EV sales Read More »

As part of a European Union response to skyrocketing power costs, the Finnish government announced on Thursday that it had proposed a temporary windfall tax on earnings from the nation’s electricity corporations. Fortum is the biggest one. The government estimated that the proposed 30% tax, which would be levied on income in excess of a …

They earn too much: Finland proposes a 30% tax on power companies, Fortum will think about it Read More »

Environmentalists are alarmed by the infamous Guanbara Bay in Rio de Janeiro, which is known as the “graveyard of ships.” For more than six years, they have anchored one of the ships. 50 tonnes of fuel oil remained inside the corroding Sao Luiz ship. Activists believe that the “graveyard of ships” is about to unleash …

Graveyard of abandoned ships in Brazil risks environmental disaster Read More »