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Green News

Summer AC after winter heating leaves millions unable to pay bills

A significant proportion of European homes are very difficult to keep cool in summer due to the way they are designed.

Markets

Crude oil rebounds amid rising demand and Middle East tensions

Crude oil prices saw a sharp rebound after hitting a six-month low on Wednesday. Rising demand and ongoing conflict in the Middle East are driving the price increase.

Business

Strong oil and gas prices boost Shell as share buyout planned

Europe's biggest oil and gas producer, Shell, reported the second-quarter earnings that surpassed market expectations. The company announced it would buy back an additional $3.5bn (€3.2bn) in shares over the next three months.

Business

BP boosts dividend and shifts focus towards higher shareholder returns

New boss Murray Auchincloss, who took the helm in January, has shifted the company's focus towards high growth and increased returns to shareholders amid weakened profit margins.

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Economy

Spain inflation falls to five-month low in July as energy prices drop

A drop in food prices contributed to the fall with items such as butter, milk, pasta, flour and chicken all becoming cheaper.

Green News

Hungary eyes EU consensus on geothermal energy future by end of year

Shortly after kicking-off the rotating EU Presidency seat, Hungary is aligning with Poland to unfold geothermal energy in Europe.

Green News

Investment gaps and drop in carbon sinks threaten EU climate progress

Insufficient financing is slowing down the transition towards climate neutrality and forest carbon sinks need to be enhanced to trap more carbon dioxide, new report says.

Economy

Belgian inflation soars to its highest level in 10 months at 3.74%

Italian producer prices also saw their slowest fall since April 2023, as European markets readjust after the price surges seen due to the Russia-Ukraine war.

Economy

Spanish economy bucks European trend with signs of growth

There has been an increase in household spending, and most key sectors saw robust growth on the supply side.

Markets

Crude oil prices surge sparking concerns of raised inflation risk

Crude oil prices rose to a two-month high amid optimistic demand outlooks and a decline in US stockpiles, sparking concerns of a resurgence in inflation.

World News

Power outages hit Balkan countries as region swelters in heatwave

Southeastern Europe has been slammed by a seasonally early heatwave coupled with rampant power outages. Both are leaving Balkan countries at a standstill.

Green News

Geothermal and nuclear energy among Hungarian EU presidency priorities

The upcoming Hungarian presidency’s work programme broadly reflects EU policy objectives, but it only refers once to 'renewable' and natural gas is openly listed for targeted funding.

Focus

Baku Energy Forum focuses on AI, economic growth, and clean energy transition

In partnership with Azpromo

Advancements in AI, economic growth in in developing countries and a switch to clean energy solutions were top of the agenda at the Baku Energy Forum at Baku Energy Week.

Green News

Member states beef up safety rules amid growing nuclear power market

EU countries agreed on new nuclear safeguards which will see a greater level of inspections on facilities and the use of nuclear materials, despite a call from environmentalists to stop financing atomic power.

Green News

Ambitions for global renewable energy capacity unrealised, says report

Goal to triple renewable power by 2030 is achievable but countries need to put more effort on implementing energy and climate pledges, the International Energy Agency said.

Green News

Bloc quits Energy Charter Treaty, leaving member states free to remain

Decision greeted as a major success for the climate but environmentalists keep urging all EU countries without exception to withdraw the treaty.

Green News

Member states green light new rules to slash methane emissions

The potent greenhouse gas will be regulated for the first time in the EU with implications overseas.

No Comment

Labour unions protest in Nigeria over rise in electricity prices

With President Bola Tinubu’s latest measure to cut costs as the country struggles with declining revenue, electricity rates more than doubled for some consumers in April.

Business

BP's billion-dollar share buyback plan stays despite net profits fall

BP's net profit for the first quarter saw a further decline owing to weakened oil and gas prices. Despite this, the oil giant has reaffirmed its commitment to the share buyback plan of $3.5 billion in the first half of the year.

Green News

Clean tech sector and NGOs produce alternative election manifestos

Election manifestos are not the preserve of political parties vying for seats in the European Parliament: the run-up to the 6 June poll has seen industry lobbies, interest groups and NGOs produce wish lists of their own.

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