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European Commission responds to Italy's call for energy cost relief flexibility
The measures indirectly address Italy's request that the Commission relax its fiscal rules to allow member states to tackle rising energy prices without incurring excessive debt and risking penalties. The European Commission is set to allow limited energy-related spending from fiscal rules to give EU countries more leeway to address soaring prices. The measures announced by the EU executive on Wednesday are an attempt to reassure fiscally conservative capitals struggling with skyrocketing...
EU Commission set to slam Italy's fuel duty cuts as energy prices spike
The EU Commission is set to criticise the Italian government's reduction in excise duties on fuels in a report to be published on Wednesday. Rome has been asking for more fiscal flexibility to address the energy crisis, which Brussels deems should be directed at vulnerable families and industries. Rome has set out a series of emergency measures to mitigate the rising energy costs caused by the war in Iran.
EU Commission to defend Spain in €106m US energy lawsuit
When firm Blasket Renewables sought to enforce compensation in a US court, the European Commission argued that Spain could not legally pay it, highlighting a clash between international arbitration and EU law. The European Commission is seeking permission from the European Council to defend Spain from a €106 million lawsuit brought in a US court under the Energy Charter Treaty (ECT) which could put Madrid in breach of EU state aid rules, according to a document seen by Euronews. The ECT is a...
EU wants households to cut electricity use as demand from industry and AI soars
BRUSSELS — The European Commission wants households to use less energy at peak times in preparation for an explosion of power demand from artificial intelligence data centers and electrification of the economy. The EU executive said Wednesday it will propose a new law later this year to accelerate the roll out of AI-powered smart meters, which give consumers “greater control over when they use electricity, allowing them to shift consumption to cheaper hours and lower their...
UK’s growing green economy worth more than £100bn a year, research finds
Net zero industry accounts for more than a million jobs and benefits whole country, according to CBI EconomicsMore than a million jobs, higher wages, nearly half a trillion pounds in investment in the pipeline – the UK’s green economy is powering ahead, according to research by the country’s leading business organisation. The net zero economy, which is worth more than £100bn a year, benefits all of the UK, according to the CBI Economics analysis commissioned by the Energy and Climate...
UK’s growing green economy worth more than £100bn a year, research finds
Net zero industry accounts for more than a million jobs and benefits whole country, according to CBI EconomicsMore than a million jobs, higher wages, nearly half a trillion pounds in investment in the pipeline – the UK’s green economy is powering ahead, according to research by the country’s leading business organisation. The net zero economy, which is worth more than £100bn a year, benefits all of the UK, according to the CBI Economics analysis commissioned by the Energy and Climate...
UK’s growing green economy worth more than £100bn a year, research finds
Net zero industry accounts for more than a million jobs and benefits whole country, according to CBI EconomicsMore than a million jobs, higher wages, nearly half a trillion pounds in investment in the pipeline – the UK’s green economy is powering ahead, according to research by the country’s leading business organisation. The net zero economy, which is worth more than £100bn a year, benefits all of the UK, according to the CBI Economics analysis commissioned by the Energy and Climate...
UK’s growing green economy worth more than £100bn a year, research finds
Net zero industry accounts for more than a million jobs and benefits whole country, according to CBI EconomicsMore than a million jobs, higher wages, nearly half a trillion pounds in investment in the pipeline – the UK’s green economy is powering ahead, according to research by the country’s leading business organisation. The net zero economy, which is worth more than £100bn a year, benefits all of the UK, according to the CBI Economics analysis commissioned by the Energy and Climate...
The European Union reveals details of its tech sovereignty package
The European Union reveals details of its tech sovereignty package New proposals will see the EU further invest in European startups and companies as it looks to strengthen its homegrown tech footprint. The European Commission has announced a new European Technological Sovereignty Package, designed to further reduce its reliance on foreign tech. The EU wants to focus on building out Europe's capacity in areas such as semiconductors, AI, cloud computing and open-source projects.
Trump admin’s cancellation of wind energy projects causes business turmoil
Trump admin’s cancellation of wind energy projects causes business turmoil Seven northeastern states have sued US gov’t for paying TotalEnergies to withdraw from offshore wind projects. French energy giant TotalEnergies is embroiled in a lawsuit between seven US states and the federal government as the administration of President Donald Trump upends domestic energy policy, shutting down some wind energy projects while pushing fossil fuels. It has also raised questions about the...