With South Africa holding 63,000 of the world’s estimated 69,000 metric tons of platinum reserves – according to the Statista.com website – and Russia and Zimbabwe a further 5,100 between them, the European Commission has cited the metal as an example of a potential supply chain bottleneck that could handicap its grand plans for renewables-powered hydrogen production.
While solar, wind and hydro generated 80 TWh more electricity last year than in 2019, coal and oil use fell in every EU member state, and Greek energy emissions fell almost 19%.
The €400 million, three-year scheme will guarantee price stability for developers while limiting costs to the Danish treasury and applies to on and offshore wind, wave power and hydro, as well as solar.
The European Parliament appears to have made the terms of the energy transition funding stream for public sector entities more favorable by securing a bigger slice of non-repayable grant cash for the bloc’s most deprived regions.
The oft-heard industry call for more supportive policy for renewables, this time in Africa, has prompted the European Commission to pledge to work with its continental counterpart on improving the clean energy regulatory environment.
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 Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
The bloc should accelerate investment into mining and processing within its shores, as well as ramping up recycling, according to European employers and trades unions, with coal workers already equipped with the necessary transferable skills.
The EU executive will investigate whether power company PPC abused its dominant position in the member state’s wholesale electricity market to squeeze out competitors.
Since summer 2018, a 25% charge has been levied by the EU on steel-product import volumes in excess of historical norms. European manufacturers say there is still a global steelmaking glut and the U.S. is showing no signs of lifting its restrictions.
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