The European Investment Bank and Greece this week signed a first-of-its-kind agreement to jointly manage €5 billion of investment concerned with the EU member state’s post-Covid recovery plan. The strategy has a key focus on green energy.
The inauguration of Joe Biden as the 46th President of the United States has brought hope the country will play a central role in the world’s energy transition and combating climate change. However, rather than teaching other countries lessons, the U.S. will need to catch up with the rest of the world, and it needs to do so quickly – the world won’t wait for the U.S.
Rio Tinto Chairman Simon Thompson is urging governments across the world to take “urgent” action on climate change despite the twin evils of Covid-19 and economic recession. The call comes amid criticism that Rio Tinto’s own emission reductions schemes are too weak.
In consultations in late July this year, the U.K. Government proposed ending both the feed-in tariff (FIT) and export tariff schemes. The policy changes would end financial compensation for prosumers feeding electricity into the grid. In a letter, the industry, including major utilities like Eon and Ovo Energy, voiced their clear rejection of the plan.
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