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European Commission Approves Drax Biomass Subsidy
The share price of Britain’s biggest power station operator has jumped to a five-month high after the European commission approved subsidies for its conversion to burn wood pellets instead of coal. Drax was awarded a renewable energy subsidy contract by…
A Memorandum of Understanding to Intensify Energy Cooperation Between the EU and the EBRD
A new Memorandum of Understanding to enhance energy cooperation between the EU and the European Bank for Reconstruction and Development (EBRD) has been signed in London last week by EU Commissioner Arias Cañete and EBRD President Chakrabarti. The new agreement…
European Electric and Plug-In Hybrid Sales for Jan-Oct 2016
While the Nissan Leaf remains the best-selling electric car in other markets, the Japanese automaker’s French partner once again remains on top of the European sales charts. The Renault Zoe was again the best-selling electric car in Europe between January…
Commission Welcomes Agreement to Ensure Compliance of Intergovernmental Agreements in Energy with EU Law
Negotiators of the European Parliament and the Council agreed two days ago on having Intergovernmental Agreements in the field of gas and oil assessed by the Commission before they are signed. According to the new rules, Member States will have…
EU and European Bank for Reconstruction and Development Agree to Invigorate Energy Cooperation
A new Memorandum of Understanding to enhance energy cooperation between the EU and the European Bank for Reconstruction and Development (EBRD) has been signed in London today by EU Commissioner Arias Cañete and EBRD President Chakrabarti. The new agreement will…
Five West African Countries Ban ‘Dirty Diesel’ From Europe
Five west African countries have announced measures to end the practice of European oil companies and traders exporting “African quality” diesel – highly polluting fuels that could never be sold in Europe. Swiss commodity traders were accused in a report…
European Support for Cheaper and Cleaner Heat and Power in Lithuania
The European Investment Bank (EIB) has signed a EUR 190 million loan agreement with Lietuvos Energija for the greenfield construction of new combined-heat-and-power (CHP) plant in Vilnius. The project is expected to lower municipal waste landfilling, decrease energy prices as…