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Italy
New Italian Government’s Budget to Boost Spending to Fight Energy Crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…
Electricity Transmission
White House Announces $13 Bln in Funding to Modernize Power Grids
The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the b…
Czech Republic
Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan
The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…
EIB Approves €4bn in Clean Energy Investment
The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…
Electric Car
GM EV Unit BrightDrop Expects $1 Billion in 2023 Revenue, Mass Production of All-Electric Delivery Vans to Start in December
BrightDrop, GM’s EV subsidiary, is forecasting $1 billion in revenue for 2023, its first revenue disclosure which came during GM’s annual investor day on Thur…
Net Zero Emission
Turkey Needs EUR 9.6 Billion Annually to Achieve Climate Goals
Turkey will need around EUR 9.6 billion of investments annually to raise the capacity of solar, wind, and storage technologies and reduce fossil fuel consumptio…
South Korea
Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea
Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…
EU
EU Financial Watchdog Launch Fact-Finding Dive Into ‘Greenwashing’
The European Union's banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand 'greenwashing' a…
Net Zero Emission
U.S., Japan and Partners Mobilise $20 Bln to Move Indonesia Away From Coal Power
A coalition of countries will mobilise $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak em…
Bezos Pledges to Give Most of His $124B to Fight Climate Change
Billionaire Jeff Bezos–the fourth-wealthiest person in the world–has told CNN he plans to give away the bulk of his $124 billion net worth to fight climate ch…
Natural Gas
‘Vaccination-Style’ Intervention Needed to Solve Energy Crisis, UK Energy Boss Says
The average U.K. household faces paying a £2,500 ($2,900) annual bill for the next two years, up from £1,400 in October 2021.
Net Zero Emission
Alliance Launches to Accelerate Green Infrastructure Finance in Africa
The African Union, the African Development Bank and Africa50 together with several global partners launched a multi-billion alliance for green infrastructure. …
Canada
Canadian-Portuguese Joint Venture Plans $1.04 Bln Hydrogen Plant in Sines
Canadian renewable energy company Neogreen Hydrogen and Portuguese developer of photovoltaic solar parks Frequent Summer announced on Monday plans to invest mor…
Hydropower Plant
Nigeria Offers Concession on $1.3 Billion China-Funded Hydro Power Plant
Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-…
Coal-Fired Power Plants
The $15 Billion Plan to Curtail Indonesia’s Coal Industry
The United States and Japan will lead a group of counties that will offer $15 billion to Indonesia for retiring its coal power plants earlier and moving on to l…
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