Tuesday, 4 March 2025

Europe

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, July 14, 2021. REUTERS/Yves Herman/File Photo
AviationEconomyFuelNewsOilPoliticsSustainable Aviation Fuel

EU countries mull 20-year tax holiday for jet fuel, document shows

EU countries consider delaying taxes on polluting aviation fuels for 20 years, complicating climate goals for net zero by 2050.

FILE PHOTO: A vehicle drives near the Baunatal Volkswagen site, the day when Volkswagen's works council holds a regular meeting with workers in Germany to discuss matters including progress on its cost-cutting drive, in Baunatal, Germany, September 4, 2024. REUTERS/Timm Reichert/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsTrade

China, price cuts and costs: The fuel driving Volkswagen’s crisis

Volkswagen warns of accelerating competition from China, cutting its cost-cutting timeline and considering plant closures.

FILE PHOTO: Volkswagen employees stand next to Volkswagen electric cars during a ceremony at German carmaker Volkswagen's first battery cell production plant 'SalzGiga' in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch/File Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourNewsTransport

Volkswagen’s German battery plant to stay at half capacity

Workers fear PowerCo cutting back on production lines as parent company Volkswagen embarks on wider strategic review.

FILE PHOTO: An employee walks on top of an oil tank at a refinery in China, April 25, 2012. REUTERS/Stringer/File Photo
BusinessEmissions MarketsNewsPoliticsRegulations

Germany blocks CO2 vouchers for oil companies over China fraud fears

Suspected carbon credit fraud involving projects in China sees environmental agency rejecting vouchers for 215,000 tons of CO2.

A view of oil stain is pictured on La Restinga beach in Telde, Gran Canaria, Spain, September 5, 2024. REUTERS/Borja Suarez
BiodiversityEnvironmentNewsOilRegulationsResiliency

Fuel oil spill shuts several beaches in Spain’s Gran Canaria

An oil spill off Gran Canaria closed beaches and prompted an environmental emergency as authorities deployed resources to manage the slick.

Wind farm builders bid for so-called contracts for difference (Ben Birchall/PA)
BusinessContracts for DifferenceElectricityEmissions MarketsNewsOffshore Wind

Fact check: Major hurdle for UK offshore wind auction was changed by Conservatives

Energy Security and Net Zero Secretary Ed Miliband has claimed that “Labour came in and fixed” last year’s failed offshore wind auction.

Energy Security and Net Zero Secretary Ed Miliband (Jordan Pettitt/PA)
BusinessFinanceLegislationNewsPolitics

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says

British MPs debate the creation of publicly owned GB Energy, clashing claims of energy security with fears of a taxpayer black hole.

FILE PHOTO: A wind farm is seen next to Leba, Poland, April 5, 2018. REUTERS/Pawel Goraj/File photo
ElectricityNewsPolitics

Poland sees 56% of renewables in 2030 power mix in climate plan

New target for Poland's renewable share down from 70% pledge as draft climate plan presented to European Commission.

FILE PHOTO: A view shows a high-voltage substation of Ukrenergo damaged by a Russian military strike, amid Russia's attack on Ukraine, in an undisclosed location in central Ukraine November 10, 2022. REUTERS/Gleb Garanich/File Photo
ElectricityNewsNuclear PowerPolitics

U.N. nuclear agency will supervise Ukraine’s key power substations, Kyiv says

IAEA officials to monitor Ukraine's infrastructure as fears grow of danger to three nuclear plants used to power the country as Russia continues...

FILE PHOTO: A BMW car logo is displayed during a media tour at the plant of German automaker BMW in San Luis Potosi, Mexico, February 3, 2023. REUTERS/Toya Sarno Jordan/File Photo
AutomotiveBusinessHydrogenNewsTransport

BMW plans to bring its first hydrogen car onto the market from 2028

BMW to produce hydrogen fuel car in partnership with Toyota, after experimenting with a 500km range iX5.

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