By Zev Chafets Six months ago, at the Glasgow Climate Summit, then-newly elected Israeli Prime Minister Naftali Bennett pledged to reduce carbon emissions to zero by 2050. The small but noisy community of Israeli environmental activists was happy to overturn the aggressive gas drilling policy of Benjamin Netanyahu’s government. As a sign that he was […]
Tag: Europe
K. Mitsotakis to Reuters: Greece can play an important role in Europe’s energy autonomy
LAST UPDATE: 17.42 Prime Minister Kyriakos Mitsotakis told Reuters in an interview that Greece, a gas entry point for the eastern Mediterranean, could play a key role in achieving Europe’s energy autonomy, given our country’s position and investment, such as the new northern liquefied natural gas terminal. In the aftermath of the war in Ukraine, […]
Kremlin: We are not “closing the window” to Europe
Russia does not intend to “close the window” on Europe, the Kremlin said today. Asked if the difficult relations with Europe were turning the clock back on Peter the Great’s efforts to open Russia to Europe, Kremlin spokesman Dmitry Peshkov said: “We have no plans to close anything,” Reuters reported. The Kremlin said today that […]
Ukraine war and pandemic will accelerate Europe’s transition to green energy
Most European Union member states have stepped up their renewable energy plans by 2020, which puts them on a path to reducing fossil fuel use over the decade, while the energy crisis and the COVID-19 crisis have given a boost rather than derailed their transition to green energy, researchers said today. Rising energy costs and […]
Offshore wind farms try to increase their energy efficiency Northern European countries
Northern European countries are in talks to set up a common North Sea electricity grid for the underground connection of future offshore wind farms, as they seek to boost their energy security, but the ambitious proposal faces financial and regulatory challenges. . According to Reuters, European countries have announced the construction of several offshore wind […]
How could Russia try to circumvent EU oil sanctions?
Moscow could respond to European sanctions on Russian oil by looking for other buyers for its crude or cutting production to keep prices high. Its actions would have a global economic impact, unless OPEC intervenes, notes CNBC. EU leaders agreed on Monday to impose a 90 percent ban on Russian crude by the end of […]
Because Russia still does not feel the impact despite the reduced gas supplies to Europe
Russia’s increasingly aggressive actions against European gas customers are beginning to have an impact. The country’s gas exports have fallen by more than 1/3 since January, according to CNN. But rising prices have kept Russia’s funds inflated as Moscow continues to cut off supplies. Moscow’s gas exports to countries outside the Commonwealth of Independent States, […]
With the left, the European markets entered in June
European stock markets began to decline in June, as weak retail sales in Germany and the slowdown in factory activity in the Eurozone sparked concerns about economic growth, which is expected to be tested in the coming months due to the forthcoming increases. In particular, retail sales in Germany fell more than expected in April, […]
Zakharova calls statements against Ukraine’s EU bid ‘miserable’
European politicians’ statements that Ukraine can not yet apply for EU candidate status are miserable for Kyiv, Russian Foreign Ministry spokeswoman Maria Zakharova was quoted as saying by pro-government Ria Novosti news agency. Earlier, Italian Prime Minister Mario Draghi said that almost all major EU member states are against granting Ukraine the status of a […]
Bloomberg: European electricity is heading for its most expensive year
Germany’s contract for next year, a benchmark for European electricity prices, has risen for a sixth straight meeting this year amid rising fuel costs as sanctions restrict Russian energy supplies, according to Bloomberg. The contract is now being traded at the highest level since the market expected the complete cessation of Russian gas flows at […]
