Tag #Energy Transition

Showing 61 to 72 of 292 results

forbes.com

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Feb 28, 16:10

Hollywood's Evolving Compensation Model Creates Pay Gap

Dwayne Johnson earned $88 million in 2024, topping Forbes' Highest-Paid Actors list due to multi-year studio deals, highlighting a widening gap with younger actors.

Hollywood's Evolving Compensation Model Creates Pay Gap

Dwayne Johnson earned $88 million in 2024, topping Forbes' Highest-Paid Actors list due to multi-year studio deals, highlighting a widening gap with younger actors.

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Decent Work and Economic Growth

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How has the evolution of Hollywood compensation models impacted the earning potential of actors at different career stages?

Dwayne Johnson topped Forbes' 2024 Highest-Paid Actors list with $88 million, primarily from multi-year studio deals encompassing development, production, and marketing. This model contrasts sharply with the absence of actors in their 20s and 30s from the list, despite the success of younger stars like Timothée Chalamet and Cynthia Erivo.

pt.euronews.com

🌐 85% Global Worthiness

Feb 27, 01:09

Europe's Stalled Renewable Energy: Grid Upgrades Needed to Meet Climate Goals

Hitachi Energy CEO Andreas Schierenbeck warns Europe faces an urgent need to upgrade its electricity grid to accommodate 500+ GW of stalled renewable energy capacity, due to outdated regulations and slow licensing, threatening its climate goals and economic stability.

Europe's Stalled Renewable Energy: Grid Upgrades Needed to Meet Climate Goals

Hitachi Energy CEO Andreas Schierenbeck warns Europe faces an urgent need to upgrade its electricity grid to accommodate 500+ GW of stalled renewable energy capacity, due to outdated regulations and slow licensing, threatening its climate goals and economic stability.

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Affordable and Clean Energy

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How are outdated regulations impacting the timeline and cost of grid expansion projects in Europe?

Outdated regulations and slow licensing processes are hindering grid expansion, with projects taking 7-8 years, only 2-3 of which are spent on construction. This is because regulations were designed to avoid unnecessary spending, not to enable rapid grid expansion. The cost of inaction is now higher than the cost of investing.

bbc.com

🌐 85% Global Worthiness

Feb 26, 04:08

UK urged to electrify homes and transport by 2040 to meet climate targets

The UK's Climate Change Committee (CCC) advises that half of homes need heat pumps and four in five cars should be electric by 2040 to achieve net-zero emissions by 2050; this requires significant household changes, but the CCC projects economic savings by the early 2040s.

UK urged to electrify homes and transport by 2040 to meet climate targets

The UK's Climate Change Committee (CCC) advises that half of homes need heat pumps and four in five cars should be electric by 2040 to achieve net-zero emissions by 2050; this requires significant household changes, but the CCC projects economic savings by the early 2040s.

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Climate Action

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What specific actions must UK households take by 2040 to meet the government's net-zero emissions target, and what are the immediate implications of failing to do so?

The UK government's Climate Change Committee (CCC) advises that half of UK homes should utilize heat pumps by 2040 and 80% of cars should be electric to meet the 2050 net-zero emissions target. This involves significant household shifts, with one-third of emission cuts relying on low-carbon choices like electric vehicles and heat pumps. Failure to meet these targets will hinder the UK from reaching its legally mandated net-zero goal.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 26, 07:09

ACWA Power Enters China's Renewable Energy Market with $30 Billion Investment

ACWA Power, a Saudi Arabian energy company, has secured over 1 gigawatt of renewable energy projects in China, partnering with Sungrow Renewables and Mingyang Smart Energy to invest in solar, wind, and green hydrogen projects by 2030, aiming for $30 billion in assets from its Chinese operations, as ...

ACWA Power Enters China's Renewable Energy Market with $30 Billion Investment

ACWA Power, a Saudi Arabian energy company, has secured over 1 gigawatt of renewable energy projects in China, partnering with Sungrow Renewables and Mingyang Smart Energy to invest in solar, wind, and green hydrogen projects by 2030, aiming for $30 billion in assets from its Chinese operations, as ...

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Affordable and Clean Energy

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What is the significance of ACWA Power's entry into China's renewable energy market?

ACWA Power, a Saudi Arabian energy company, has secured agreements for over 1 gigawatt of renewable energy projects in China, marking its formal entry into the Chinese market. This collaboration with Chinese firms involves solar, wind, and green hydrogen projects, reflecting China's significant role in the global renewable energy sector. The company aims to invest heavily in research and development in China, particularly in desalination technology and green hydrogen.

faz.net

🌐 85% Global Worthiness

Feb 26, 22:09

Eon's Record Investment Drives Up Energy Costs, Sparks Call for Higher Returns

Eon, Germany's largest electricity grid operator, invested "7.5 billion euros in 2024 and plans "8.6 billion euros in 2025 for grid expansion to accommodate renewable energy sources, leading to higher energy costs and a call for increased returns on investments by CEO Leonhard Birnbaum.

Eon's Record Investment Drives Up Energy Costs, Sparks Call for Higher Returns

Eon, Germany's largest electricity grid operator, invested "7.5 billion euros in 2024 and plans "8.6 billion euros in 2025 for grid expansion to accommodate renewable energy sources, leading to higher energy costs and a call for increased returns on investments by CEO Leonhard Birnbaum.

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Affordable and Clean Energy

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What are the immediate economic impacts of Eon's massive investments in Germany's energy grid expansion?

Eon, Germany's largest electricity grid operator, invested a record "7.5 billion euros in 2024 and plans "8.6 billion for 2025 to expand its grid. This is driving up energy costs, currently around 25 percent of household electricity bills, and Eon's CEO is advocating for higher returns on these investments.

cincodias.elpais.com

🌐 85% Global Worthiness

Feb 25, 10:09

US Seeks Rare Earths in Ukraine to Counter China

The US seeks to secure rare earth mineral supplies from Ukraine to counter China's dominance in this critical sector, but faces challenges regarding actual Ukrainian reserves, high extraction costs, and China's economic leverage, highlighting a critical geopolitical and economic struggle.

US Seeks Rare Earths in Ukraine to Counter China

The US seeks to secure rare earth mineral supplies from Ukraine to counter China's dominance in this critical sector, but faces challenges regarding actual Ukrainian reserves, high extraction costs, and China's economic leverage, highlighting a critical geopolitical and economic struggle.

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Industry, Innovation, and Infrastructure

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What are the geopolitical implications of China's dominance in rare earth element production, and how is this affecting US foreign policy?

China's dominance in rare earth element production, crucial for technology and renewable energy, is a key geopolitical issue. The US, seeking to reduce its reliance on China, has explored securing rare earth supplies from Ukraine, despite uncertainty about Ukrainian reserves and the high cost of extraction. This highlights the strategic importance of these elements.

kathimerini.gr

🌐 85% Global Worthiness

Feb 27, 01:09

Greece Streamlines Energy Markets to Unlock €260M in Recovery Fund Financing

Greece's Ministry of Environment and Energy presented a framework for hydrogen, biomethane, and CCS markets to its Council of Ministers, aiming to absorb €550 million from the Recovery Fund by April 2025 via three bills streamlining licensing and introducing support mechanisms, including a clawback ...

Greece Streamlines Energy Markets to Unlock €260M in Recovery Fund Financing

Greece's Ministry of Environment and Energy presented a framework for hydrogen, biomethane, and CCS markets to its Council of Ministers, aiming to absorb €550 million from the Recovery Fund by April 2025 via three bills streamlining licensing and introducing support mechanisms, including a clawback ...

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Climate Action

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What immediate economic impacts will the proposed legislation have on the Greek energy sector and the absorption of Recovery Fund resources?

The Greek Ministry of Environment and Energy is presenting a framework for hydrogen, biomethane, and carbon capture and storage (CCS) markets to the Council of Ministers. This is crucial for absorbing Recovery Fund resources; the ministry aims to achieve 50% of its €1.1 billion annual absorption target by April 2025, representing €550 million.

theguardian.com

🌐 85% Global Worthiness

Feb 26, 22:09

BP's Strategic U-Turn: Share Price Falls Despite Increased Fossil Fuel Focus

BP's shift to prioritize shareholder value over climate goals, reducing low-carbon investments and increasing oil and gas production, led to a 1.4% share price drop despite a FTSE 100 increase, highlighting market skepticism of the strategy.

BP's Strategic U-Turn: Share Price Falls Despite Increased Fossil Fuel Focus

BP's shift to prioritize shareholder value over climate goals, reducing low-carbon investments and increasing oil and gas production, led to a 1.4% share price drop despite a FTSE 100 increase, highlighting market skepticism of the strategy.

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Climate Action

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How does BP's strategic U-turn compare to Shell's similar shift, and what are the key differences in their approaches and circumstances?

The strategic U-turn involves reducing investment in low-carbon energy to less than 5% of the budget and increasing oil and gas spending by 20%. This reversal from previous climate pledges is attributed to factors such as the war in Ukraine and reduced government support for decarbonization, but contrasts with BP's earlier commitment to production cuts regardless of market conditions.

bbc.com

🌐 85% Global Worthiness

Feb 26, 04:08

BP to Slash Renewable Energy Investments, Prioritize Oil and Gas

BP, facing investor pressure and underperforming compared to rivals, plans to dramatically cut renewable energy investments and prioritize oil and gas production, reversing its previous ambitious sustainability targets, resulting in potential backlash from shareholders and environmental groups.

BP to Slash Renewable Energy Investments, Prioritize Oil and Gas

BP, facing investor pressure and underperforming compared to rivals, plans to dramatically cut renewable energy investments and prioritize oil and gas production, reversing its previous ambitious sustainability targets, resulting in potential backlash from shareholders and environmental groups.

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Climate Action

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How has investor pressure influenced BP's strategic shift, and what are the broader implications for the energy sector?

BP's strategic shift reflects a broader trend in the energy sector, where some companies are prioritizing short-term profitability over long-term sustainability goals. The company's underperformance relative to peers, coupled with pressure from investors seeking higher returns, has led to this decision. This realignment underscores the challenges faced by energy companies attempting to balance financial pressures with environmental concerns.

bbc.com

🌐 85% Global Worthiness

Feb 26, 16:11

BP Shifts Back to Oil and Gas, Abandoning Renewable Energy Goals

BP is shifting back to oil and gas production, cutting renewable energy investment due to lower profits in renewables and shareholder pressure for maximizing returns, despite climate concerns and potential for stranded assets.

BP Shifts Back to Oil and Gas, Abandoning Renewable Energy Goals

BP is shifting back to oil and gas production, cutting renewable energy investment due to lower profits in renewables and shareholder pressure for maximizing returns, despite climate concerns and potential for stranded assets.

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Climate Action

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How do BP's actions compare to those of its competitors, and what broader industry trends do they reflect?

BP's strategic reversal highlights the conflict between shareholder demands for short-term profits and the urgent need for a transition to renewable energy. The company's decision, mirroring actions by competitors, underscores the powerful influence of financial pressures on corporate sustainability goals, despite growing climate concerns. This reveals a systemic challenge: balancing investor expectations with environmental responsibility.

news.sky.com

🌐 85% Global Worthiness

Feb 26, 13:09

UK's Net-Zero Transition: Household Impact and Economic Challenges

The UK's ambitious net-zero target necessitates significant household changes by 2038-2042, including heat pump adoption, EV use, and reduced meat consumption, posing economic challenges that require government intervention and public trust.

UK's Net-Zero Transition: Household Impact and Economic Challenges

The UK's ambitious net-zero target necessitates significant household changes by 2038-2042, including heat pump adoption, EV use, and reduced meat consumption, posing economic challenges that require government intervention and public trust.

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Climate Action

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How will the shift towards renewable energy sources impact the UK economy, and what measures can address potential resistance from various stakeholders?

The transition to net-zero involves widespread adoption of heat pumps and electric vehicles, alongside reduced meat consumption. This shift presents economic challenges, requiring government support to offset upfront costs for consumers, who will see long-term savings.

repubblica.it

🌐 85% Global Worthiness

Feb 25, 22:12

Italy's Mismanagement of EU ETS Funds Hinders Climate Action

From 2012-2024, EU ETS auctions generated €15.6 billion, but Italy spent only 9% on climate action, despite a legal requirement of 50%; future ETS expansions promise more funding but require improved allocation and transparency.

Italy's Mismanagement of EU ETS Funds Hinders Climate Action

From 2012-2024, EU ETS auctions generated €15.6 billion, but Italy spent only 9% on climate action, despite a legal requirement of 50%; future ETS expansions promise more funding but require improved allocation and transparency.

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Climate Action

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What is the impact of Italy's under-allocation of EU ETS funds on its climate action goals and energy transition?

Between 2012 and 2024, €15.6 billion was generated from EU ETS auctions. Italy allocated only 9%, far below the legally mandated 50%, to climate action; only 42% of 2012-2013 proceeds were used over a decade later.

Showing 61 to 72 of 292 results