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EU Approves 1.9 Billion Euro State Aid for Db Cargo, Subject to Restructuring Plan
Date: November 29, 2024
BRUSSELS (Reuters) – The European Commission has approved 1.9 billion euros ($2.01 billion) in state aid for German rail freight operator DB Cargo, a subsidiary of Deutsche Bahn, the European Union said on Friday. The aid is contingent on the implementation of a restructuring plan aimed at ensuring the company’s long-term viability, the EU said...
Macron Lauds Artisans for Restoring Notre-Dame Cathedral in Paris
Date: November 29, 2024
By Elizabeth Pineau and Michaela Cabrera PARIS (Reuters) -French President Emmanuel Macron praised on Friday the more than 1,000 craftspeople who helped rebuild Paris’ Notre-Dame Cathedral in what he called “the project of the century”, five-and-a-half years after fire gutted the Gothic masterpiece. The 12th-century cathedral, one of the French capital’s most beloved and visited...
Britain Seeks Views on Including Shipping in Carbon Market From 2026
Date: November 29, 2024
LONDON (Reuters) – Britain has called for views on changes to its emissions trading system (ETS) that could see the shipping sector join its carbon market from 2026. Britain’s ETS is part of its wider efforts to meet climate targets and was launched in 2021 to replace its participation in the European Union’s ETS after...
Germany’s Green Hydrogen Ramp-Up Reliant on Public Money, E.on Says
Date: November 29, 2024
FRANKFURT (Reuters) – The development of a green hydrogen market in Germany still depends to a large extent on public spending, utility E.ON said on Friday. The share of projects under construction or equipped with final investment decisions has risen to 9% from 3% of the 2030 target of 11.3 gigawatts (GW) of electrolysis capacity,...
German Government Plans Billions of Euros in New Chip Subsidies, Bloomberg News Reports
Date: November 29, 2024
(Reuters) – The German government is preparing billions of euros of new investments into the country’s semiconductor industry, Bloomberg News reported on Thursday. The subsidies are expected to be about 2 billion euros ($2.11 billion), Bloomberg reported, citing two people who attended an event about the funding plans. A spokesperson from the Economy Ministry said...
Analysis-Adani Allegations Shine Spotlight on India’s Clean Energy Conundrum
Date: November 28, 2024
By Sudarshan Varadhan and Sethuraman N R NEW DELHI (Reuters) – Bribery allegations against Adani Group founder Gautam Adani have highlighted the growing problem India’s renewable energy developers face in finding buyers for the power they generate. While India’s central government wants to shift away from polluting coal-fired generation towards solar and wind, officials say...