Tag #Renewable Energy

Showing 169 to 180 of 726 results

usa.chinadaily.com.cn

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Feb 28, 01:08

BP slashes green investment, boosts fossil fuel production

BP announced it will cut renewable energy investment by over \$5 billion annually and boost oil and gas investment by 20 percent to roughly \$10 billion yearly, reversing previous commitments and drawing criticism from environmental groups.

BP slashes green investment, boosts fossil fuel production

BP announced it will cut renewable energy investment by over \$5 billion annually and boost oil and gas investment by 20 percent to roughly \$10 billion yearly, reversing previous commitments and drawing criticism from environmental groups.

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Climate Action

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How does BP's strategic shift relate to broader trends in the energy sector and the influence of political factors?

BP's strategic shift aligns with a broader trend among energy companies, including Shell and Equinor, to scale back renewable energy investments. Critics link this trend to the influence of pro-fossil fuel policies and a renewed focus on maximizing short-term profits. The decision contrasts sharply with BP's previous commitments to reducing oil and gas production and increasing investment in renewable energy.

dw.com

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Feb 28, 16:10

Macedonia's Air Pollution Plan Faces Opposition from Engineers

The Macedonian government plans to build gas-fired cogeneration plants to reduce air pollution, a plan opposed by the Association of Engineers of Macedonia (ZIRM) who advocate for a systemic approach focusing on renewable energy sources and stricter regulations. A Turkish company, Kazancı Holding, i...

Macedonia's Air Pollution Plan Faces Opposition from Engineers

The Macedonian government plans to build gas-fired cogeneration plants to reduce air pollution, a plan opposed by the Association of Engineers of Macedonia (ZIRM) who advocate for a systemic approach focusing on renewable energy sources and stricter regulations. A Turkish company, Kazancı Holding, i...

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Climate Action

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What are the immediate impacts of the Macedonian government's plan to use gas-fired cogeneration plants to reduce air pollution, and what are the potential drawbacks?

The Macedonian government plans to mitigate air pollution by building gas-fired cogeneration plants, a plan opposed by the Association of Engineers of Macedonia (ZIRM). ZIRM argues that while these plants offer economic benefits, promoting them as the primary pollution solution is inaccurate and misguided. The government anticipates a 50-70% reduction in pollution from gasification, while ZIRM emphasizes the need for a systemic, long-term approach.

es.euronews.com

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Feb 27, 01:09

EU Launches €100 Billion Clean Industry Pact to Lead Green Tech

The European Union launched a Clean Industry Pact allocating over €100 billion to become the global leader in green technologies, aiming to reduce energy costs, boost domestic production, and ensure access to critical raw materials while facing concerns about undermining the Green Deal.

EU Launches €100 Billion Clean Industry Pact to Lead Green Tech

The European Union launched a Clean Industry Pact allocating over €100 billion to become the global leader in green technologies, aiming to reduce energy costs, boost domestic production, and ensure access to critical raw materials while facing concerns about undermining the Green Deal.

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Industry, Innovation, and Infrastructure

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How does the EU plan to address concerns that the Clean Industry Pact might weaken its commitment to the Green Deal?

This initiative seeks to reindustrialize Europe by making decarbonization a growth driver, enabling the 27 member states to transition to a low-carbon economy while competing with China and the US. The plan involves mobilizing significant funds, fostering access to critical raw materials through collective purchasing and supply chain diversification, and employing trade defense instruments against unfair competition.

it.euronews.com

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Feb 27, 10:12

EU Unveils €2.5 Trillion Energy Plan to Tackle Poverty and Boost Competitiveness

The EU proposes a €2.5 trillion, 15-year plan to combat energy poverty affecting 47 million citizens and boost competitiveness, focusing on renewable energy, grid improvements, and gas market regulation; projected savings exceed €130 billion annually by 2030.

EU Unveils €2.5 Trillion Energy Plan to Tackle Poverty and Boost Competitiveness

The EU proposes a €2.5 trillion, 15-year plan to combat energy poverty affecting 47 million citizens and boost competitiveness, focusing on renewable energy, grid improvements, and gas market regulation; projected savings exceed €130 billion annually by 2030.

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No Poverty

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How will the EU plan address the issue of high energy prices impacting European businesses' competitiveness compared to the US and China?

The EU plan addresses energy poverty and reduced competitiveness by focusing on renewable energy's lower costs, improved grid infrastructure for price reduction, and stricter gas market controls to curb excessive profits. This links to broader goals of energy independence and economic stability within the EU.

elmundo.es

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Feb 27, 10:12

Iberdrola's Record €5.6B Profit Drives 15% Dividend Hike

Iberdrola, Spain's largest electricity company, reported record 2024 profits of €5.612 billion (17% increase), a 15% dividend hike to €0.635 per share, and €17 billion in investments (50% increase), fueled by asset sales in Mexico and strategic network expansion in the US and UK.

Iberdrola's Record €5.6B Profit Drives 15% Dividend Hike

Iberdrola, Spain's largest electricity company, reported record 2024 profits of €5.612 billion (17% increase), a 15% dividend hike to €0.635 per share, and €17 billion in investments (50% increase), fueled by asset sales in Mexico and strategic network expansion in the US and UK.

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Affordable and Clean Energy

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What are the key factors driving Iberdrola's record profits in 2024, and what are the immediate consequences for shareholders?

Iberdrola, Spain's largest electricity company, reported record-breaking 2024 results, with a profit of €5.612 billion—a 17% increase from 2023. This led to a 15% dividend increase to €0.635 per share, totaling over €4 billion in shareholder returns. Asset sales in Mexico contributed over €1 billion to the results.

hu.euronews.com

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Feb 27, 13:14

EU Energy Plan Aims for €130 Billion Annual Savings by 2030

The EU plans to tackle energy poverty affecting 47 million people and enhance competitiveness by saving €2.5 billion over 15 years through renewable energy transition, grid improvements, and gas market regulation, with projected savings reaching €45 billion in 2024 and over €130 billion annually by ...

EU Energy Plan Aims for €130 Billion Annual Savings by 2030

The EU plans to tackle energy poverty affecting 47 million people and enhance competitiveness by saving €2.5 billion over 15 years through renewable energy transition, grid improvements, and gas market regulation, with projected savings reaching €45 billion in 2024 and over €130 billion annually by ...

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Affordable and Clean Energy

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What immediate and specific economic impacts will the EU's energy plan have on European households and businesses?

The EU aims to alleviate energy poverty affecting 47 million citizens and boost competitiveness against US and Chinese businesses by implementing a plan to save €2.5 billion over 15 years. The plan focuses on cheaper renewable energy, improved grid infrastructure, and better gas market regulation.

europe.chinadaily.com.cn

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Feb 28, 01:08

BP slashes green investment, boosts fossil fuel spending amid profit concerns

BP announced it will cut its renewable energy investment by 50% to $1.5 billion annually and increase oil and gas investment by 20% to roughly $10 billion, prompting criticism from environmental groups and concerns about its commitment to the energy transition.

BP slashes green investment, boosts fossil fuel spending amid profit concerns

BP announced it will cut its renewable energy investment by 50% to $1.5 billion annually and increase oil and gas investment by 20% to roughly $10 billion, prompting criticism from environmental groups and concerns about its commitment to the energy transition.

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Climate Action

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What are the immediate consequences of BP's decision to significantly reduce its renewable energy investment and increase fossil fuel production?

BP, a UK-based energy company, announced a "fundamental reset" of its strategy, slashing its renewable energy investment by half to $1.5 billion annually while increasing oil and gas investment by 20% to approximately $10 billion. This decision follows investor concerns about falling profits and share prices. Environmental groups like Greenpeace UK strongly criticized the move.

dw.com

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Feb 27, 16:11

Cybersecurity Flaws Expose Global Solar Power Plants

A US-based hacker remotely accessed an Indian solar power plant due to weak default passwords, revealing widespread vulnerabilities in renewable energy systems globally, potentially impacting power grids and raising concerns about geopolitical implications.

Cybersecurity Flaws Expose Global Solar Power Plants

A US-based hacker remotely accessed an Indian solar power plant due to weak default passwords, revealing widespread vulnerabilities in renewable energy systems globally, potentially impacting power grids and raising concerns about geopolitical implications.

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Affordable and Clean Energy

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What are the underlying causes of these vulnerabilities, and how do they relate to the broader geopolitical landscape?

The incident underscores the global cybersecurity risks associated with the increasing digitization of energy infrastructure. Experts have demonstrated access to millions of renewable energy units, raising concerns about potential large-scale disruptions.

pt.euronews.com

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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.

pt.euronews.com

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Feb 27, 10:12

Portugal Improves Green Transition Ranking on Record Renewable Energy Year

The Azevedo family in Sintra, Portugal, uses solar energy to power their home, illustrating the country's progress in renewable energy, ranking 15th in the Green Transition Index, up 3 places from 2022, with renewable energy supplying 71% of electricity in 2024, though challenges remain in decarboni...

Portugal Improves Green Transition Ranking on Record Renewable Energy Year

The Azevedo family in Sintra, Portugal, uses solar energy to power their home, illustrating the country's progress in renewable energy, ranking 15th in the Green Transition Index, up 3 places from 2022, with renewable energy supplying 71% of electricity in 2024, though challenges remain in decarboni...

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Affordable and Clean Energy

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How does the Azevedo family's solar energy system demonstrate the feasibility of individual contributions to national renewable energy goals?

This family's experience exemplifies Portugal's progress in green energy transition, ranking 15th in the Green Transition Index, up three places from 2022. This improvement is linked to renewable energy sources supplying 71% of electricity consumption in 2024, a record high, with hydropower and wind power playing significant roles.

forbes.com

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Feb 27, 19:14

Trump's LNG Export Push: Geopolitical Gains vs. Domestic Price Risks

President Trump's policy to increase LNG exports, reversing the Biden administration's pause on new export permits, risks raising domestic energy prices while simultaneously boosting America's geopolitical influence and potentially stabilizing global energy prices; this is due to the decrease in the...

Trump's LNG Export Push: Geopolitical Gains vs. Domestic Price Risks

President Trump's policy to increase LNG exports, reversing the Biden administration's pause on new export permits, risks raising domestic energy prices while simultaneously boosting America's geopolitical influence and potentially stabilizing global energy prices; this is due to the decrease in the...

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Affordable and Clean Energy

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What are the potential domestic consequences of increasing U.S. LNG exports, and how might these consequences impact American consumers?

President Trump's push for increased LNG exports, while boosting U.S. geopolitical influence and potentially stabilizing global energy prices, risks raising domestic energy costs for American consumers. This increase is a direct result of reduced domestic supply as more LNG is sent abroad.

zeit.de

🌐 75% Global Worthiness

Feb 27, 16:11

Baywa Appoints New Leadership to Oversee Restructuring After €641 Million Loss

Germany's largest agricultural trader, Baywa AG, appointed Frank Hiller as CEO and Matthias Rapp as CFO to lead a multi-year restructuring plan involving 1300 job cuts and asset divestments after reporting a €641 million net loss in the first nine months of 2024; both start this weekend.

Baywa Appoints New Leadership to Oversee Restructuring After €641 Million Loss

Germany's largest agricultural trader, Baywa AG, appointed Frank Hiller as CEO and Matthias Rapp as CFO to lead a multi-year restructuring plan involving 1300 job cuts and asset divestments after reporting a €641 million net loss in the first nine months of 2024; both start this weekend.

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Decent Work and Economic Growth

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How will the planned divestment of Baywa's acquisitions contribute to its financial recovery by 2028?

Hiller and Rapp's appointments aim to restore Baywa's financial stability following a decade of credit-fueled international expansion that led to financial difficulties in 2024. The restructuring plan, which includes divesting acquisitions from the past decade, targets financial recovery by the end of 2028. The plan predates their arrival.

Showing 169 to 180 of 726 results