fossil fuels
We are not Alone on the Path to Green Transformation
Less developed countries are torn between the struggle to preserve energy stability and the domestic economy on the one hand and the pressures imposed by the global energy transition on the other. The main reason for their inability to keep…
UK Government Boosts Space Tech Funding To Cut Carbon Emissions And Improve Energy Security
Funding for pioneering new space technologies will help to cut carbon emissions, improve energy security and enhance the UK’s reputation as a science superpower, the Business and Energy Secretary Kwasi Kwarteng announced today. Three million pounds of grant funding will…
Renewable Power Remains Cost-Competitive amid Fossil Fuel Crisis
Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore wind fell by 15 per cent, offshore wind…
Stellantis Expands Relationship With Vulcan Energy Becoming Shareholder In Decarbonized Lithium Company
Stellantis N.V. and Vulcan Energy Resources Ltd. today announced Stellantis’ €50 million (A$76 million) equity investment in Vulcan and an extension of the original binding offtake agreement to 10 years. The equity investment will go towards Vulcan’s planned production expansion…
North Macedonia Adopts National Energy and Climate Plan, Commits to Accelerate Energy Transition During Secretariat’s Visit to Skopje
Director Artur Lorkowski and Deputy Prime Minister for Economic Affairs of North Macedonia, Fatmir Bytyki, agreed to step up cooperation to accelerate the just energy transition during their meeting in Skopje on 31 May. The meeting coincided with the adoption…
European Commission And International Energy Agency In A Common Bid To Reduce EU Reliance On Russian Fossil Fuels
The European Commission and the International Energy Agency are joining forces to help EU countries reduce their reliance on Russian fossil fuels. By strengthening investments in clean energy and energy efficiency, the project aims to mitigate the impact of Russia’s…
REPowerEU: A Plan to Rapidly Reduce Dependence on Russian Fossil Fuels and Fast Forward the Green Transition
The European Commission has presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by war in Ukraine. There is a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels, which…