European Commission President Ursula von der Leyen on Wednesday proposed to EU leaders that there should be a loosening of state aid rules in renewable energy and clean-tech in response to high energy prices and a U.S. subsidy law that threatens European industries. In a letter to European Union leaders meeting in Brussels for a […]
Siemens, others call for only zero-emission freight trucks to be sold in EU – EQ Mag
More than 40 manufacturers, shippers and industry groups including Siemens, Maersk and Unilever called on the EU on Thursday to mandate that all freight trucks be zero-emission models by 2035. In a letter published on Thursday the group said its signatories “urge the European Commission to set all new freight trucks on a path to […]
EU demands rapid fix from U.S. to green subsidy law – EQ Mag
“These are no easy discussions, but they must produce concrete solutions,” he said, adding that in the current geopolitical context, with Russia’s war in Ukraine, partners should build alliances in important sectors such as renewables and batteries. Some ministers earlier expressed hope for a solution by the Dec. 5 meeting, but Dombrovskis said the taskforce […]
ESG ratings space needs regulatory intervention – EQ Mag Pro
IEEFA considers ESG ratings to be instrumental, but their lack of comparability, clarity and alignment could create divergence and confusion among investors. Regulatory intervention is a crucial step for developing market confidence and protecting investors. The relevance of ESG ratings will otherwise remain uncertain. Market supports interventions to safeguard healthy, sustainable finance The pressure is […]
EU approves €130m funding for BASF renewable hydrogen project – EQ Mag Pro
“Direct grant” to support installation of large-scale electrolyser at Ludwigshafen site Brussels : The European Commission has approved a €135-million funding, by the German government, for BASF’s project to produce renewable hydrogen at its Ludwigshafen headquarters by 2025. “This €134 million measure enables Germany to help BASF step up its renewable hydrogen production capacities, thereby […]
Hybrid v electric cars: What’s the cheapest and most sustainable choice? – EQ Mag Pro
The move to electric vehicles has been one of the key strands of the energy transition so far – and with good reason. Data from Transport and Environment shows that cars and vans alone were responsible for producing 16 per cent of the EU’s greenhouse gas emissions in 2019. Domestic transport vehicles accounted for 72 […]
EU says US Tax Credits for Electric Cars ‘Discriminatory’ – EQ Mag Pro
Brussels says that a $7,500 tax credit for North-American vehicles with US-made batteries would deeply disadvantage companies that source batteries from elsewhere, including Europe. The EU on Thursday said it was “deeply concerned” by U.S. moves to give American motorists a tax credit to buy electric vehicles, saying it was discriminatory against European carmakers. “We […]
EU approves 3-billion-euro German green heating scheme – EQ Mag Pro
The European Commission said on Tuesday it had approved the German government’s 3-billion-euro scheme to support renewable energy and waste heat-based district heating programs, which it said would help Germany and the EU achieve their climate change targets. The 2.98-billion-euro scheme would promote green energy by offering government grants until 2028 to new district heating […]
Importers And Manufacturers Have To Improve Carbon Footprint To Match With EU – EQ Mag Pro
This webinar was held by EQ Magazine Pro on 18th April 2022, powered by EnKing International. In this webinar, Mr Siddhant Gupta, General Manager, Sales, EKI Energy Services Limited shared his insights on ‘Implications of CBAM on India’. Talking about EnKing, Siddhant Gupta said that EnKing is one of the world’s largest carbon credit developers. […]
EU Could Revisit Renewable Targets in Push to Quit Russian Energy -Timmermans – EQ Mag Pro
CAIRO : The European Union may set more ambitious targets for its transition to renewable energy as it seeks alternatives to imports of oil and gas from Russia, EU climate policy chief Frans Timmermans said on Sunday. The EU’s 27 member states have agreed to collectively reduce their net greenhouse gas emissions by 55% from […]