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Business

Electric Ireland announces gas and electricity price reduction

Electric Ireland’s most recent announcement is the third price cut in one year, with the previous two reductions having come into effect in November 2023 and March 2024.

Russia

Why is Europe still getting gas from Russia?

The continent as a whole is still very dependent on Russian gas, despite Moscow's full-scale invasion of Ukraine being well into its third year.

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.

Green News

Shell faces shareholder ‘rebellion’ over climate strategy

The meeting was punctuated by protests from groups calling out Shell’s climate record and alleged actions in the Niger Delta.

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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

‘Super-pollutant’ greenhouse gases are being smuggled into Europe

The impact of hydrofluorocarbons on global warming can be up to thousands of times greater than that of carbon dioxide.

Eco-Innovation

These window-mounted heat pumps can be fitted in 15 minutes

Heat pump tech has been downsized into something that looks a bit like a window air conditioner.

Focus

Expansion of Southern Gas Corridor tops agenda at Baku meetings

In partnership with Azpromo

The ministerial meetings in Baku included discussions on plans for offshore wind farms in the Caspian Sea and participation in global methane emissions reduction efforts.

Green News

These EU nations have pledged to decarbonise electricity by 2035

Consensus is building around 2035 as the critical date for eliminating fossil fuels from Europe's power system.

Markets

Lower oil and gas prices hit Eni's earnings in the fourth quarter

Shares in Italy's Eni SpA fell on Friday after the company published its latest financial results.

Europe News

Putin 'really pushed' the EU's green transition, says von der Leyen

Vladimir Putin's "blackmail" attempts only served to speed up the European Union's green transition, Ursula von der Leyen said on Tuesday.

Europe News

EU extends price cap on gas until January 2025

Energy ministers of the European Union decided on Tuesday to extend the cap on gas prices until January 2025.

Green News

Why is this English city banning gas stoves in new homes?

The city’s ambitious proposals will require no fossil fuels to be used in new housing or commercial developments, including for heating and cooking.

Europe News

Brussels prolongs subsidies for struggling EU firms until June 2024

The European Commission has decided to extend until June 2024 two extraordinary measures that make it easier for member states to support companies affected by persistently high energy prices.

Green News

EU to push for deal on phasing out fossil fuels at COP28

The 27-member bloc has now agreed its negotiating position ahead of the UN climate conference in Dubai.

Economy

How Germany lost its reputation as the economic envy of the world

The loss of cheap gas from Russia played a part, but decisions in the boom years are now being questioned.

Green News

UK PM delays petrol car ban to 2035 in major green policy shift

Green groups say the PM is ‘taking the public for fools’ by rowing back on home insulation and petrol car pledges at a critical time.

Europe News

EU recalls envoy who said buying Russian gas was 'blood money'

The European Commission has issued a stern rebuke against its top representative in Vienna, Martin Selmayr, after he said Austria's continued purchases of Russian gas amounted to "blood money".

Europe News

How Europe's gas prices fell from €300 to €35 MWh in one year

One year ago, European politicians were in a state of panic watching wholesale gas prices break all-time records.

Poland

Euroviews. Poland is becoming Washington's gateway for regional energy diplomacy

US energy diplomacy has the unique potential to foster a diversified energy market but also the development of clean and renewable energy not just in Poland but in CEE as a whole, Nathan Alan-Lee writes.