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Green Investment

All articles tagged with #green investment

energy2 years ago

Oil Producers at Crossroads: Green Investment or Fossil Fuel Dependency?

The International Energy Agency (IEA) has warned that oil producers are facing a "moment of truth" when it comes to green investment. The IEA emphasized the need for oil companies to shift their focus towards sustainable energy sources and reduce their carbon emissions in order to align with global climate goals. This comes as the world is transitioning towards cleaner energy alternatives and governments are implementing stricter regulations on carbon emissions. The IEA's warning highlights the urgency for oil producers to adapt to the changing energy landscape and invest in renewable technologies.

via Financial Times|

#energy #green-investment #iea

economy2 years ago•5 min saved

Biden's IRA Spending and EV Plan: Britain's Response and Challenges

Britain will not replicate U.S. President Joe Biden's $369 billion green investment plan and will instead rely on existing policies to combat U.S. protectionism. The UK government will focus on reforms to its Contracts for Difference program, which supports private sector investment in renewable energy projects, rather than implementing new subsidies. The move has disappointed UK businesses calling for a more interventionist approach. The UK estimates it needs £50-60 billion of private sector investment annually to reach its net zero carbon emissions target by 2050.

via POLITICO Europe|

#bidens-spending-package #contracts-for-difference #economy