Tuesday, 1 April 2025

Focus on European Commission

FILE PHOTO: Snow covers the roofs of the so-called "Alter Flecken" (old spot), the historic core of Freudenberg with its half-timbered houses from the 17th century in the heart of the federal state of North Rhine-Westphalia near the city of Siegen, Germany,  January 19, 2024.   REUTERS/Wolfgang Rattay/File Photo
ChemicalsElectricityFuelIndustryLiquefied Natural GasManufacturingNatural GasNews

Analysis: Gas price shock set to add to Europe’s industrial pain

EU gas demand is 17% below the five-year average observed during pre-pandemic years — but it is still vulnerable to price shocks.

FILE PHOTO: Visitors check a Polestar 1 hybrid vehicle displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTradeTransport

Analysis: China automakers pivot to hybrids for Europe to counter EV tariffs

The bloc's latest EV tariffs to protect its auto industry from a flood of cheap Chinese imports do not apply to hybrid cars.

An Audi electric vehicle is being charged in a charging station in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo
AutomotiveElectric Vehicles (EVs)NewsSolarTradeWind

European Commission favours more EU funds for electric vehicles sector

This would form part of the 4.6B euros from the EU's Innovation Fund for net-zero tech and renewable hydrogen.

A screen displays Chandni Raina of India as she speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 24, 2024. REUTERS/Maxim Shemetov
Climate FinanceCoalEmissionsEnvironmentNewsOilWeather

Rich countries raise COP29 climate finance offer to $300B as developing nations fume

Wealthy nations at COP29 agree to raise their climate funding offer to $300 billion annually by 2035 for developing countries.

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/File Photo
BusinessEconomyElectric Vehicles (EVs)LegislationNewsPoliticsRegulationsTrade

EU, China close to agreement over EV import tariffs, leading MEP says

EU and China near deal to end EV tariff row, with Beijing potentially setting minimum prices for e-cars to address subsidy concerns.

Delegates listen to speeches at COP29 in Baku (AFP)
AnalysisClimateClimate FinanceEmissionsEnvironmentPoliticsRegulationsUnited Nations

Europe’s pivotal role in bid to strike COP29 climate deal

The EU emerges as a key player at COP29, bridging gaps with China and poorer nations while pushing for scaled-up climate finance and...

General view of the new floating LNG gas terminal.
EmissionsLiquefied Natural GasNatural GasNewsOilTrade

Biden officials ask EU to align methane rules with US to ease LNG flows, letter says

Biden asks EU to accept U.S. LNG meeting U.S. methane rules as meeting EU standards.

Children perform at the Opening Ceremony of the United Nations climate change conference COP29 in Baku, Azerbaijan November 12, 2024. REUTERS/Maxim Shemetov
Climate FinanceElectricityEmissionsEnvironmentNewsSolarWind

COP29: Host nation Azerbaijan hits out at West in defence of oil and gas industry

At COP29, UN's Guterres urged world leaders to boost climate finance, warning, “Pay up, or humanity will pay the price.”

FILE PHOTO: Chinese Vice Premier Ding Xuexiang attends a news conference following the closing session of the National People's Congress (NPC), at the Great Hall of the People, in Beijing, China March 13, 2023. REUTERS/Florence Lo/Pool/File Photo
Climate FinanceNewsPoliticsUnited Nations

China sends vice premier to COP29 climate summit in Baku

Ding Xuexiang will be a special representative of President Xi Jinping at the leaders' summit at COP29.

FILE PHOTO: Smoke and steam billows from Belchatow Power Station, Europe's largest coal-fired power plant operated by PGE Group, near Belchatow, Poland November 28, 2018. Picture taken November 28, 2018. REUTERS/Kacper Pempel/File Photo
AnalysisCarbon ManagementEconomyEmissionsEmissions MarketsEnvironmentReports

Decarbonising by 2050 could boost Poland’s economy by 4%, World Bank says

Poland's $450B decarbonization goal for 2050 could boost GDP by four per cent, reduce pollution, and improve health, per World Bank report.

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