Egypt, the host nation of COP27, announced in a joint declaration with the United States and Germany that it would “explore” a net zero goal, bring forward its target for the use of renewable energy sources, update its climate plan,…
Considering the Paris Climate Agreement, it is not surprising that climate problems are frequently discussed at international conferences such as the G20 and G7. The country’s energy transition is not a stand-alone endeavor, but rather is part of a broader national and worldwide movement that includes energy security issues, energy commerce, and development assistance, all of which are covered by the ENERGY NEWS under the topic “GLOBAL” (Global).
Apple urges the decarbonization of the global supply chain by 2030
Apple today urged its worldwide supply chain to take fresh action to reduce greenhouse gas emissions and adopt a thorough decarbonization strategy. The business will monitor annual progress and assess the efforts of its major manufacturing partners to decarbonize their…
The EU generates a record amount of renewable electricity
A study found that ever since the conflict in Ukraine began, the European Union has produced more electricity from renewable sources such as the wind and the sun than it ever has before. Germany also broke the record for the…
China installs the biggest offshore wind turbine in the world
The unit power of the wind turbines is 13.6 megawatts, and the diameter of the blades on these machines is 252 meters. In conjunction with the festivities for the 20th CCP, which began yesterday in Beijing, China placed into action…
The energy price crisis is expected to send Germany into recession in 2023
The rising cost of energy and the difficulties experienced by major portions of the industry as a result of supply chain issues are preparing the groundwork for Germany to enter a recession. The country is suffering what are being called…
EU countries fight to retain their own energy crisis policies in place
European Union countries are seeking for assurances that they would be able to maintain their own windfall profit levies on energy companies, as well as the flexibility to apply even harsher restrictions in addition to the bloc-wide measures proposed by…
Oil Stabilizes but Continues to Head Toward Weekly Decline
Oil prices remained relatively unchanged on Friday but are still on course for a weekly loss due to concerns on the possibility of significant increases in interest rates, which are anticipated to slow both global economic growth and fuel demand.…
As Europe debates a gas price cap, energy prices skyrocket
On Monday, Europe felt the chill of rising energy prices, with France admitting it could not cover all of the extra expenses for consumers, and Britain facing a rising risk of recession. The European Union and the United Kingdom are…
Russia cancels the reopening of the Nord Stream 1 gas pipeline, increasing European fuel concerns, as the G7 promises to curb oil prices
Russia has rescinded its Saturday timetable for resuming gas shipments along a crucial supply route to Germany, citing maintenance issues with the Nord Stream 1 pipeline. This circumstance exacerbates Europe's difficulty in securing winter fuel. The Nord Stream 1 pipeline,…
The loss of €12 billion by Uniper must serve as a wake-up call to change German energy policy
The “terrifying” 12-billion-euro loss that Germany’s largest gas importer, Uniper, posted in the first half of 2022 must serve as a wake-up call for German energy policy. Germany must never again be as dependent on a single energy supplier as…