Hydrogen is central to Europe’s plans to decarbonise heavy industry BRUSSELS : The European Commission published rules on Monday that could allow some hydrogen produced in nuclear-based energy systems to count towards EU renewable energy goals, signalling a win for pro-nuclear France. Hydrogen is central to Europe’s plans to decarbonise heavy industry, and the rules […]
Hydrogen is changing power dynamics in energy sector – EQ Mag
As the EU tries to finalize its hydrogen rules, Asian countries are moving fast to secure deliveries and the US is committing money to set up local supply chains. Can the Middle East collaborate with both continents? The momentum behind hydrogen has remained strong over the past year, but unexpected twists are changing what insiders […]
The EU has approved a €28 billion German renewable energy scheme – but is it fair? – EQ Mag
The EU has approved a €28 billion German renewable energy scheme. The policy is aimed at rapidly expanding use of wind and solar power. It is designed to deliver Germany’s target to produce 80 per cent of its electricity from renewable sources by 2030. Replacing an existing renewables support scheme, it runs until 2026. The […]
EU should loosen green tech state aid rules: von der Leyen – EQ Mag
European Commission President Ursula von der Leyen on Wednesday proposed to EU leaders that there should be a loosening of state aid rules in renewable energy and clean-tech in response to high energy prices and a U.S. subsidy law that threatens European industries. In a letter to European Union leaders meeting in Brussels for a […]
Siemens, others call for only zero-emission freight trucks to be sold in EU – EQ Mag
More than 40 manufacturers, shippers and industry groups including Siemens, Maersk and Unilever called on the EU on Thursday to mandate that all freight trucks be zero-emission models by 2035. In a letter published on Thursday the group said its signatories “urge the European Commission to set all new freight trucks on a path to […]
EU demands rapid fix from U.S. to green subsidy law – EQ Mag
“These are no easy discussions, but they must produce concrete solutions,” he said, adding that in the current geopolitical context, with Russia’s war in Ukraine, partners should build alliances in important sectors such as renewables and batteries. Some ministers earlier expressed hope for a solution by the Dec. 5 meeting, but Dombrovskis said the taskforce […]
ESG ratings space needs regulatory intervention – EQ Mag Pro
IEEFA considers ESG ratings to be instrumental, but their lack of comparability, clarity and alignment could create divergence and confusion among investors. Regulatory intervention is a crucial step for developing market confidence and protecting investors. The relevance of ESG ratings will otherwise remain uncertain. Market supports interventions to safeguard healthy, sustainable finance The pressure is […]
EU approves €130m funding for BASF renewable hydrogen project – EQ Mag Pro
“Direct grant” to support installation of large-scale electrolyser at Ludwigshafen site Brussels : The European Commission has approved a €135-million funding, by the German government, for BASF’s project to produce renewable hydrogen at its Ludwigshafen headquarters by 2025. “This €134 million measure enables Germany to help BASF step up its renewable hydrogen production capacities, thereby […]
Hybrid v electric cars: What’s the cheapest and most sustainable choice? – EQ Mag Pro
The move to electric vehicles has been one of the key strands of the energy transition so far – and with good reason. Data from Transport and Environment shows that cars and vans alone were responsible for producing 16 per cent of the EU’s greenhouse gas emissions in 2019. Domestic transport vehicles accounted for 72 […]
EU says US Tax Credits for Electric Cars ‘Discriminatory’ – EQ Mag Pro
Brussels says that a $7,500 tax credit for North-American vehicles with US-made batteries would deeply disadvantage companies that source batteries from elsewhere, including Europe. The EU on Thursday said it was “deeply concerned” by U.S. moves to give American motorists a tax credit to buy electric vehicles, saying it was discriminatory against European carmakers. “We […]
