Germany’s minister of economic affairs, Robert Habeck, together with the European Commissioner for energy, Kadri Simson, have appealed to EU member nations to become part of the ‘H2 Global’ endeavor, with the aim of amplifying the alliance’s ability to buy…
The EU and Japan consolidate energy collaboration via a specific discussion on worldwide LNG structure
The EU and Japan have presently agreed to bolster their energy collaboration by instituting an EU-Japan energy security conversation on international liquefied natural gas (LNG) framework. This specific discussion will center on three main aspects: international assurance of supply, market…
Renewable Energy and €12bn in Energy Conservation Prevent EU’s Relapse to Fossil Fuels
In the last winter season, almost every European Union (EU) nation experienced a decline in energy consumption. While some reductions were deliberate, others resulted from rising expenses. For the first time in history, renewable sources generated a larger portion of…
New climate policies from the EU will lead to more global cooperation on carbon pricing
Climate policy packages, like the “Fit for 55” package that the European Union (EU) has introduced as part of the European Green Deal, are become more extensive and ambitious as countries start to step up their climate goals. This strategy…
EU to “decouple” the costs of gas and renewable energy
As part of an overhaul of the bloc’s energy strategy, the European Union intends to uncouple market prices for gas and renewable energy sources in the near future. According to an article published by the Financial Times today, Brussels wants…
As a result of the energy crisis, Europe may be forced to deindustrialize
In spite of record-setting prices, a significant reduction in the supply of Russian gas, and a liquidity crisis on the energy market, the European Union has been discreetly celebrating a constant fall in gas and electricity use this year. However,…
Most Europeans believe that governments should speed up the transition because of the energy crisis
According to the findings of a survey carried out by the European Investment Bank (EIB), the vast majority of citizens living in the European Union (66%) believe that the conflict in Ukraine and its effect on the price of oil…
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…
Repercussions of the EU’s revenue cap on alternative energy sources
Analysts are warning that the necessary emergency measures taken by the European Union to address the ongoing energy crisis may have unintended consequences for the region's ambitions in the field of renewable energy; however, the impact on power purchase agreements…
European Union countries Squabble Over Price Caps for Gas
The European Union's member states disagreed on Friday in Brussels over whether and how to impose a price ceiling on soaring gas prices, with Germany among those opposed to the action that 15 other nations claimed was necessary to address…