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The Latest Breaking News on Energy

British Gas issues important update to customers ahead of October energy price cap rise

As families face a rise in energy bills, British Gas has explained what its customers should expect and what will happen next

Chronicle Live

Lights out early for Eiffel Tower as Paris saves energy

Paris will switch off the Eiffel Tower's lights an hour earlier than normal, lower the water temperature in municipal pools and delay heating public buildings to save energy this winter, the city's mayor said on Tuesday.

Reuters

Ukrainians face even tougher winter due to power disruptions - UN migration agency

Any damage inflicted on Ukraine's power and heating systems will seriously exacerbate living conditions this winter, especially for an estimated 6.9 million internally displaced people, the United Nations' migration agency said on Tuesday.

Reuters

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Germany, EU race to fix energy crisis

Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it said Tuesday, as Europe readied proposals to help households and industry cope with an energy crisis.

Reuters

Factbox-Europe's crisis measures to tackle energy price spike

The European Union's executive proposed emergency measures on Wednesday aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills upon citizens ahead of winter.

Reuters

Sweden's Ringhals 4 nuclear outage extends into winter months

Swedish utility Vattenfall said on Tuesday it had delayed the restart of the Ringhals 4 nuclear reactor by two months to Jan. 31, in a further setback to power supply in the Nordic and Baltic region.

Reuters

The energy crisis has revived the coal market

The Ukraine war and a global drought are driving an unexpected surge.

Axios

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EU plans Sept 30 summit to greenlight emergency energy plans

European Union energy ministers will attempt to approve new bloc-wide measures to pull down soaring gas and power prices at an emergency summit on Sept. 30, after Brussels announces the proposals this week.

Reuters

Net zero: Copenhagen's failure to meet its 2025 target casts doubt on other major climate plans

The city of Copenhagen, often celebrated as one of the world’s greenest for its cycling culture and other initiatives, recently defaulted on its pledge to become carbon-neutral by 2025. This early failure in the global race to net zero emissions (a balance between CO₂ emitted and absorbed) may foreshadow backtracking…

The Conversation

Scholz channels Berlin Airlift spirit to gird Germans for winter

Chancellor Olaf Scholz invoked the spirit of the Berlin Airlift on Tuesday to implore Germans that "the seemingly impossible can succeed", urging them to brace for a tough winter and to rise to the challenge of a shift in energy supply away from Russian gas.

Reuters

Energy Price Guarantee to be scaled back – how does it affect your bills explained

The new Chancellor Jeremy Hunt today confirmed he will scale back the Energy Price Guarantee from next April. Here is everything you need to know about the scheme and how it will affect your bills

Daily Mirror

First climate lawsuit against Russian government launched over emissions

Group of activists file supreme court case demanding stronger action on meeting Paris accord goals

The Guardian - UK

Ukraine’s advances pose question for world: can Kyiv actually win?

As world leaders prepare for a meeting of UN general assembly, the raging war of narratives shows no sign of abating

The Guardian - UK

Leaked paper reveals EU is unlikely to cap price of Russian gas

Draft regulation includes windfall tax on ‘surplus’ profits from oil and gas companies

The Guardian - UK

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Asharq Al-Awsat

Egypt’s Trade Balance Deficit Drops 12.4%

Egypt’s trade deficit declined by 12.4% year-on-year (YoY) in June, according to data released on Monday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly bulletin revealed that the deficit value of trade balance reached $3.21 billion in June, down from $3.66 billion for the same month…

Reuters

Election-time Brazil gasoline tax cut to lead mills to shun ethanol

Brazilian President Jair Bolsonaro's move to sharply cut taxes on fuels, particularly gasoline, to boost his reelection chances has squeezed ethanol's profit margins and is expected to lead mills to shun the biofuel and focus strongly on sugar.

ABC News

Fuel is set to jump 25 cents this month and the European energy crisis could push diesel prices even higher, economist says

Fuel prices are set to jump by 25 cents a litre later this month — but the European energy crisis could send the price of diesel fuel even higher, says an energy economist.

The Independent UK

US takes aim at some Trump offshore safety rule rollbacks

The U.S. Department of the Interior says it wants to reverse some Trump administration rollbacks of offshore safety rules dealing with devices to prevent blowouts like the BP catastrophe of 2010

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Chicago Sun-Times

Lake Michigan wind farm would harm migratory birds

Referring to “Lake Michigan Wind Farm Touted for Southeast Side,” pushed by state Rep. Marcus Evans and state Sen. Bob Peters, I offer the following: Of the five Great Lakes, only Lake Michigan is a migratory superhighway for migratory birds. Placement of turbines would be a death sentence for them.

Bangkok Post

Subsidies, tax cuts set to be okayed Tuesday

The cabinet is on Tuesday expected to approve measures to relieve the impact of high energy prices, including power bills, but the decision will cost the government even more money.

The Conversation

Now, we begin: 10 simple ways to make Australia's climate game truly next-level

Australia last week moved to tackle the climate crisis when federal parliament passed Labor’s climate bill. But the new law is just the first step. Over the next eight years to 2030, we must get on a steep trajectory of emissions reductions.

The Guardian - UK

Life in Kharkiv still precarious despite Ukraine’s recent victories

Disruption to water and energy supplies is routine and the liberating troops have found bodies of civilians showing signs of torture

StockNews.com

Is It Time to Pull the Plug on This Stock and Sell It?

Plug Power (PLUG) recently announced its collaboration with the retail giant Amazon (AMZN), which should prove beneficial. However, considering its bleak fundamentals, should you pull the plug on this stock and sell it? Let’s find out….

Reuters

Egypt climate champion calls for new metric on climate finance

Developing country climate financing needs should start being reframed at the U.N. climate summit in November, in order to move beyond the outdated – and unfulfilled - $100 billion that rich nations had pledged to deliver each year, the U.N. high-level climate champion for Egypt said.

AAP

Climate group wants fast track to net zero

Boosting battery storage and planning ahead for coal closures are among the steps of a plan mapped out by the peak body on climate action to reduce emissions.

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