sustainability
Top StoriesSpain’s Electricity Demand Edges up as Renewables Break Records
Top StoriesBritain Seeks to Beef up Ofgem Energy Regulator’s Powers
BusinessFortum to Buy Renewable Power Portfolio for $9.4 Million
Top StoriesFrance Says Bird Flu-Free After Month Without Outbreaks
UK Water Bills to Rise by 36% to Help Fix Broken Sector
Date: December 19, 2024
By Sarah Young LONDON (Reuters) -Britain’s water regulator said it would allow bills to rise by just over a third in the next five years to fund a much higher level of investment than originally slated, with the aim of fixing the country’s broken water sector. The average increase of 36% before inflation compares to...
European Car Sales Fall in November, Led by France and Italy, Acea Says
Date: December 19, 2024
By Andrey Sychev and Alessandro Parodi (Reuters) – New car sales growth in Europe turned negative again in November, after showing a meagre growth in October, weighed by sharp declines in France and Italy, and a stagnation in Germany, industry data showed on Thursday. The slowdown in electric vehicle (EV) sales was only partly offset...
Britain Seeks to Beef up Ofgem Energy Regulator’s Powers
Date: December 19, 2024
LONDON (Reuters) – Britain set out plans on Thursday to strengthen its energy regulator Ofgem to help facilitate the country’s shift towards a decarbonised energy system by 2030 and better protect consumers against bad treatment by suppliers. The Labour government, elected in July, has set out plans to radically overhaul how electricity is generated in...
Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery
Date: December 18, 2024
By Juveria Tabassum and Helen Reid (Reuters) -Birkenstock beat market expectations for fourth-quarter results on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025, sending the company’s shares up 7% on Wednesday. With fresh styles becoming a priority for consumers, Birkenstock’s sandals and closed-toe clogs have drawn new customers...
Sweden’s North Frets Over Financial Risks as Green Boom Stumbles
Date: December 18, 2024
By Simon Johnson LULEA, Sweden (Reuters) – Sweden’s local authorities, rattled by battery-maker Northvolt’s fight for survival and the potential fallout for taxpayers, are seeking increased financial support from the central government for the country’s transition to green industry. Europe’s electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection last month with debts...
New Technology Aids Brazil’s Crackdown on Illicit Amazon Gold Trade
Date: December 18, 2024
(This Dec. 14 story has been corrected to remove the reference to the share of Brazilian gold exports going to Switzerland, in paragraph 27) By Ricardo Brito and Anthony Boadle BRASILIA (Reuters) – Harley Sandoval, an evangelical pastor, real estate agent and mining entrepreneur, was arrested in July 2023 for illegally exporting 294 kilos of...