The European Union plans to conduct early carbon market auctions, starting from July, to raise extra funds to help countries quit Russian gas and cut emissions, the European Commission said on Monday evening. The EU plans to raise 20 billion euros ($21.62 billion) in grants from its carbon market, with 8 billion euros of that […]
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A group of climate activists has called on 30 insurance company CEOs to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N. scientists, a letter, seen by Reuters, showed. Insure our Future, a global consortium of activists, said it sent the letter dated March 21 to companies […]
Australian Treasurer Jim Chalmers will convene a meeting of the country’s top financial regulators to check how the latest volatility in global financial markets could affect the country, an official in the treasurer’s office said on Tuesday. Australia’s Council of Financial Regulators (CFR) will meet on Thursday after Chalmers discussed the latest market turmoil in […]
The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce the carbon footprint of its transport sector. “The agreement will send a clear signal to citizens and other stakeholders that user-friendly recharging infrastructure and refuelling […]
Energy ministers from eleven European Union countries, led by Austria, on Tuesday formed an alliance to push back attempts by France and others to count nuclear energy towards the bloc’s renewable energy goals. Calling themselves the ‘Friends of Renewable Energy’, the governments aim to fend off attempts by a rival alliance – led by France, […]
Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris climate accord, the International Renewable Energy Agency (IRENA) said on Tuesday. Investments in renewable energy technologies reached a record of $1.3 trillion last year but that figure must rise to around $5 trillion annually […]
About 17% of all fuel stations in France were missing at least one product as of Monday night, France’s petroleum association UFIP said, citing French energy ministry data. About 29% of fuel stations in the Ile-de-France region, where capital city Paris is located, were missing at least one product, the data showed. Two regions in […]
UK shares extended gains on Tuesday, supported by an upbeat performance in energy heavyweight BP, while lenders gained following reassuring comments by Bank of England Governor Andrew Bailey on the stability of the banking sector. Bailey said in a speech that UK banks were resilient in the face of strains in the global banking system, […]
China’s cyberspace regulator vowed on Tuesday to clamp down on malicious online comments that damage the reputation of businesses and entrepreneurs, amid an official drive to shore up the private sector and spur economic growth. “False information against enterprises and entrepreneurs, especially private enterprises and private entrepreneurs, appear from time to time, damaging the brand […]
Oxbotica and Alphabet Inc’s Google Cloud said on Tuesday they are partnering up to speed up the deployment of the British self-driving software startup’s autonomous software platform to customers around the world. Oxbotica will use Google Cloud infrastructure to create “scalable, safe, and reliable” autonomous driving solutions for its customers in last-mile logistics, agriculture, light […]