Finance & Investment

ECB introduces a balance sheet run-off that will further boost greener businesses

The European Central Bank  (ECB) announced on Thursday that it will continue its existing strategy of partially reinvesting its bond holdings and favor bonds issued by greener companies as it begins to run down its 5 trillion euro portfolio in March. The ECB, in an effort to reduce the risk of deflation in the Eurozone, …

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EU releases a package of green subsidies

In spat over green subsidies: EU releases significant package to level the game with US

In an effort to compete on an equal footing with the US, the European Commission this week revealed its “Green Deal Industrial Plan.” Green Deal Industrial Plan aims to speed up the development of renewable energy and green technologies by relaxing state aid restrictions to enable bigger green subsidies. The Commission plans to upgrade the …

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New gas plant in Alexandropoulos opens strategic opportunities for Southeast Europe

Alexandropoulos becomes an important energy center, from where the new energy era will begin, for Greece, for the entire region, but also for the European Union. Recently, the representatives of PPC, “DEPA Commercial” and “Damco Energy” from the Kopelousos group, which are the founders of the Greek joint venture, which will build the power plant …

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Siemens Gamesa delisted as expected

Siemens Gamesa warns: European wind industry in danger as shareholders approve delisting

In his address to the shareholders after the vote to approve the delisting of the firm, Christian Bruch, the former executive chairman of the board of directors of Siemens Gamesa, cautioned that the European wind sector is in an uncertain condition. The wind industry suffers significant financial difficulties despite significant expenditures into renewable energy, according …

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Unsolved BP-Orsted dispute over wind farms can raise similar battles

Unsolved BP-Orsted dispute over wind farms may raise similar battles for the North Sea

The conflict between BP and Orsted over their wind farms in the North Sea may be a sign of others. According to the experts, other conflicts may come over the North Sea area as it becomes more and more congested. Energy experts analyze that Britain’s eastern seaboard position allows becoming a significant battleground for competing …

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London's black taxi to be transformed by Chinese company Geely

Will Geely transform the maker of London’s black taxi vehicles into an EV powerhouse?

Geely, a Chinese automaker, is to make a significant investment to transform the company that makes London’s famous black taxi vehicles. The plan is remaking it into a high-volume, all-electric brand with a variety of commercial and passenger cars, executives at the division told the media. The London Electric Vehicle Company (LEVC) also wants to …

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ECB could reduce carbon footprint by selling polluters' bonds

Too much carbon behind a small number of names: ECB can sell their bonds

Research indicates that the European Central Bank (ECB) could significantly reduce the carbon footprint of its portfolio of corporate bonds. ECB can sell just $54.30 billion of debt from polluting corporations. But economists warn that this could lead to significant market distortions. The ECB’s environmental goals have come under the spotlight after board member Isabel …

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EU must support clean technology if it wants to compete to U.S.'s IRA

Let the competition begin: EU must push clean technology to compete with the U.S.

The president of the European Commission stated on Friday that the European Union needed financial instruments to enable its clean technology to compete against American rivals. They already stand to earn from government assistance under the U.S. Inflation Reduction Act (IRA). At a press conference in the northern Swedish town of Kiruna, Ursula von der …

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GRTgaz

French gas company GRTgaz interested in constructing a hydrogen transport pipeline

The French operator of the Franco-Spanish pipeline BarMar, GRTgaz, on Thursday issued a Call for Interest, or invitation to participate, to assess the feasibility of constructing a hydrogen transport pipeline connecting the French side with a nearby storage facility. By the decade’s end, the BarMar project will link Spain and France by an underwater pipeline …

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