Cyprus
Cyprus to join European power grid following deal with Greece
'The Electricity Connection will contribute towards lifting the energy isolation of Cyprus and connecting the national electricity transport system with the respective European ones. A work of strategic importance for Cyprus, Greece, but also the whole of the EU,' a joint statement read.
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Earth News
Green groups breathe a sigh of relief on von der Leyen’s climate picks
Climate activists and the renewable energy lobby have broadly interpreted Ursula von der Leyen’s commissioner picks – the Netherlands’ Wopke Hoekstra, Denmark’s Dan Jørgensen and Spain’s Teresa Ribera – as signalling continuity with the Green Deal that marked her first mandate.
Earth News
Climate action back in EU’s policy priorities for the next term – leak
Idea of scrapping green priorities unveiled in a previous leak unleashed backlash from environmentalists and lawmakers but a new leak on the Strategic Agenda reveals EU leaders' intention to continue pushing for EU climate action.
Business
Economics of nuclear power: The France-Germany divide explained
The European Union's REPowerEU Plan, initiated in May 2022, has put nuclear energy at the forefront of its strategy to secure energy and achieve climate goals. France continues to heavily invest in nuclear power, whereas Germany has largely moved away from it.
Earth News
Belgium issues ultimatum over energy tax reform
A revision of a law setting minimum levies for fuels and electricity promised to bring an end to the era of tax-free energy for airlines and ship operators, but reform has been stalled for years, with EU governments unable to agree on how to update the 20-year-old Energy Taxation Directive.
Earth News
Geothermal potential in northern, western Europe flagged as lawmakers
Northern Germany, the Netherlands and Belgium are key potential locations for boosting the supply of geothermal energy, an expert told Euronews, as EU lawmakers backed a strategy to boost the bloc’s development of the renewable source.
Business
UK and Denmark launch Viking Link underwater cable project
As the world grapples with climate change and weather imbalances, the UK and Denmark have begun a joint venture with the potential to transport enough electricity to power up to 2.5 million UK homes and save millions of pounds in home energy costs.
Economy
German inflation rises to 3.7% in December due to energy prices
Germany's inflation rate increased to 3.7% YoY in December, up from 3.2% in November, mainly due to a 4.1% rise in energy prices influenced by a government subsidy. Food inflation fell slightly. Excluding food and energy, core inflation was 3.5%. France also saw a slight uptick in inflation to 3.7%.