New power generation methods emerge as a result of consumer demand
When global confrontation reaches alarming proportions and the international community has not yet fully weathered the economic implications of the coronavirus pandemic, advances in science and technology are unstoppable. The ruling classes of these countries now realize that only by…
Due to rising energy prices, the German economy is expected to lose $265 billion in added value
According to a study conducted by the Institute of Employment Research in Germany, the conflict in Ukraine and rising energy prices will cause Germany's economy to lose more than 260 billion euros ($265 billion) in added value by the year…
The German government ponders the optimal design for a new gas tax as household gas costs are projected to triple
Germany's government is searching for methods to minimize the cost explosion for consumers as concerns over the country's increasing gas prices deepen. A new state tax on gas is still being planned by the government for introduction in October, which…
EU gas solidarity is hampered by the absence of fuel sharing agreements
The European Union reached an agreement this week to deal with a gas supply issue, but for it to be effective, member states must develop bilateral pacts to exchange gas, and the majority of them do not currently have such…
The Global Movement Towards Renewable Energy Is Remaining Strong
Renewable energy is the energy of the future. This remark may sound absurd, yet it is becoming increasingly plausible. Increasing numbers of individuals favor renewable energy over fossil fuels. Several factors are accelerating the global switch to clean energy, causing…
Germany increases gas emergency preparations as Nord Stream operations resume
The Nord Stream 1 pipeline from Russia to Germany has reopened after a 10-day shutdown for scheduled maintenance. Robert Habeck, Germany's economy and climate minister, said the country "cannot rely on supply" in light of the country's lower utilization rate…
CEOs urge European authorities to hasten adoption of ‘proven and scalable’ energy storage systems
The chief executive officers of Fluence, Gore Street, Gresham House, and six other companies have issued an open letter urging European policymakers to establish suitable goals and policy frameworks for the adoption of energy storage. The co-signatories praised the REPowerEU…
The German parliament passes a new law on onshore wind energy
The German government adopted the so-called "Easter Package" last week, which included a new onshore wind regulation. It intends to accelerate the spread of renewables. It requires Germany to have an 80 percent renewable electricity contribution by 2030 and a…
Current initiatives won’t reach German energy targets
With the existing policies in place, Germany won't be able to meet its 2030 goals of phasing out fossil fuels and increasing renewable energy, according to research released on Wednesday. The well-respected German Institute for Economic Research, also known as…
Will recent conflict and energy crisis lead to a quicker transition to renewable energy?
As the conflict between Russia and Ukraine continues, countries all around the world are experiencing its impact. The globe has imposed severe sanctions on Russia and reduced oil and gas shipments, leading prices to skyrocket. Russia, one of the top…