MOSCOW : Gazprom, the state-owned natural gas company that is a pillar of Russia’s economy, announced Tuesday that its profit for 2022 plunged by more than 40% and said it wouldn’t pay a full-year dividend. The news sent Gazprom shares down about 4% on the Moscow stock exchange. The state owns slightly more than 50% […]
EU reaches provisional deal to raise renewable energy target – EQ Mag
European Union countries and negotiators from the EUs parliament reached a provisional deal Thursday to raise the share of renewables in the blocs energy mix, another step to accelerate its green transition.The European Council, which represents the 27 member nations, said the agreement reached after all-night negotiations would raise the renewable energy target to 42.5 […]
Ahead of COP27, ‘STEPS’ in the right direction but more clean energy finance needed – EQ Mag Pro
Russia’s invasion of Ukraine has prompted the International Energy Agency to reduce the share of fossil fuels in the global energy mix scenarios in its World Energy Outlook. High prices of fossil fuels are not only a big driver for their early phasing out, but also for accelerating the move to cheap clean energy alternatives. […]
