Energy

Qatar Commits £1bn to Climate Technology in the UK

December 4, 2024

Qatar Commits £1bn to Climate Technology in the UK

Qatar has announced a £1 billion investment in climate technology in the United Kingdom during a state visit by Emir Sheikh Tamim bin Hamad Al Thani. The partnership will focus on green technology hubs, energy efficiency, and carbon reduction, with Rolls-Royce among the key beneficiaries.

Serbia Implements Sweeping Changes to Energy Law to Align with EU Standards

December 2, 2024

Min

Serbia Implements Sweeping Changes to Energy Law to Align with EU Standards

The Serbian National Assembly has adopted significant changes to the Law on Energy, introducing dynamic tariffs, active buyer status, auxiliary services markets, and lifting the ban on nuclear power plant construction. The reforms hope to align Serbia with European energy regulations, promote decarbonization, and prepare for future energy market challenges, including CO2 taxation.

Poland's Enea to Invest $26bn in Renewable Energy and Coal Transition

December 1, 2024

Min

Poland's Enea to Invest $26bn in Renewable Energy and Coal Transition

Polish energy company Enea has unveiled a $26 billion investment plan over the next decade to transition from coal, expand renewable energy, and enhance its energy storage and distribution networks. The plan aims to boost its share of national electricity production and significantly cut carbon emissions by 2035, aligning with Poland's broader climate goals.

Europe Draws Heavily on Gas Reserves Amid Early Cold Snap and Supply Constraints

November 28, 2024

Min

Europe Draws Heavily on Gas Reserves Amid Early Cold Snap and Supply Constraints

Europe has already used 9 billion cubic meters of gas from its reserves since the beginning of November, an unprecedented early drawdown driven by colder-than-expected weather and low renewable energy output. The rapid depletion has reduced Europe's gas storage from over 95% to 87.4%, raising concerns about the continent's ability to replenish stocks by next spring amid rising gas prices and intensifying competition for liquefied natural gas (LNG).

COP29 Secures $300bn Climate Finance Deal Amid Criticism

November 24, 2024

Min

COP29 Secures $300bn Climate Finance Deal Amid Criticism

The COP29 climate summit in Baku concluded with a $300 billion annual climate finance agreement to aid developing countries in combating climate change impacts. While hailed as progress, the deal faced criticism from developing nations for being insufficient, with calls for more robust commitments.

Major Green Ammonia Investment in Finland Moves Closer to Reality

November 20, 2024

Min

Major Green Ammonia Investment in Finland Moves Closer to Reality

The €600 million green ammonia production facility planned for Naantali, Finland, has taken a significant step forward with the involvement of Meridiam, a French sustainable infrastructure specialist. The project, led by Finnish company Green North Energy, aims to produce carbon-neutral ammonia, reducing emissions by 330,000 tons annually.

Cyprus Engages Gulf Energy Companies in Talks Over Natural Gas Exploration

November 18, 2024

Min

Cyprus Engages Gulf Energy Companies in Talks Over Natural Gas Exploration

Cyprus is in early discussions with energy companies from the Persian Gulf about potential partnerships for natural gas exploration in its exclusive economic zone (EEZ). President Nikos Christodoulides announced the talks, highlighting the involvement of major players like Italy’s Eni, France’s Total, ExxonMobil, and Chevron, which already hold licenses in the region.

Türkiye Joins Global Push to Triple Nuclear Energy Capacity by 2050

November 18, 2024

Min

Türkiye Joins Global Push to Triple Nuclear Energy Capacity by 2050

Türkiye has become one of six new countries endorsing a declaration to triple global nuclear energy capacity by 2050, bringing the total number of supporting nations to 31. As part of its commitment, Türkiye aims to achieve 20,000 megawatts (MW) of nuclear-installed capacity by mid-century, including the construction of new nuclear plants and small modular reactors (SMRs).