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 […]
Enel Green Power signs grant agreement with the EU for solar panel Gigafactory in Italy – EQ Mag Pro
With the TANGO (iTaliAN pv Giga factOry) project, Enel Green Power’s 3Sun in Catania, Sicily, is set to become Europe’s largest factory producing high-performance bifacial photovoltaic modules The factory’s production capacity is set to increase 15-fold to 3 GW/year from the current 200 MW through an investment of around 600 million euros, of which nearly […]
EU unveils €300 million plan to fund hydrogen research – EQ Mag Pro
The EU’s Clean Hydrogen Partnership, a public-private undertaking, has launched its first call for proposals on 41 research topics related to hydrogen. Much of the funding will go towards hydrogen production and storage. As the EU commits to move away from fossil fuels, hydrogen is seen as a convenient way of transforming electricity from wind […]
EU to urgently link electricity grid with Ukraine’s – EQ Mag Pro
BRUSSELS : Energy ministers from European Union countries on Monday agreed to urgently link a European power system to Ukraine’s grid, a move that would increase its independence from Russia following Moscow’s invasion of the country. The invasion of Ukraine by Russia, Europe’s top gas supplier, has sharpened concerns of disruption to energy supplies and […]