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Politics will constrain global energy subsidy cuts

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INTERNATIONAL

Several Australian and international banks have declined to provide the Carmichael project with financing, and Adani is seeking a loan of 1 billion Australian dollars (743.5…

Talk of nuclear power for Australia is election gambit

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AUSTRALIA

Dutton said in March that if the Liberal/Nationals coalition wins next year’s election, he will promote investment in small modular reactors (SMRs) on the site of existing…

German state elections may boost AfD influence

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GERMANY

GERMANY: AfD support is rising

Greece will bet on renewable energy

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GREECE

The Greek government has pledged to phase out coal-fired generation by 2028 and to encourage investment in solar power, wind farms and green hydrogen, drawing on EU funds.

Canada's climate diplomacy will outstrip domestic push

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CANADA

As part of the 2015 Paris Agreement, Canada has committed to a national target of 30% reductions in carbon emissions from 2005 levels by 2030. However, figures released in April…

Renewable energy capacity will rise with costs falling

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INTERNATIONAL

Governments are formulating their environmental policies in line with the Paris climate agreement and falling costs make renewables the cheapest option for new generating…

Time has come to close more Polish coal mines

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POLAND

Efforts to tackle financial problems at state-owned coal miner Polska Grupa Gornicza (PGG) were deferred during the two-year election cycle which ended in July. PGG faces the…

EU climate progress will be most clear in renewables

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EU

Although the exact details of the package remain subject to clarification and amendment, it requires a much broader decarbonisation effort beyond the power sector, as well as…

The EU’s phase-out of Russian gas is not guaranteed

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EU

This is the trajectory followed by the majority of member states. However, blockages remain in east-central Europe, where Turkey could play a role in maintaining direct or…

Euro-area activity will slow sharply or even contract

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EU

The euro-area is highly exposed to the fallout from the Ukraine war, and higher commodity prices for a longer period will squeeze the disposable incomes of households and firms…