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The Latest Breaking News on Energy

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.

AAP

South Africa power cuts may not end in a year, Eskom says

Eskom, which generates more than 90 percent of South Africa’s power, has struggled to meet energy demands for a decade.

Al Jazeera

Find ‘something better’ than energy price freeze set to cost £150bn, Liz Truss told

‘This could turn out to be the biggest single fiscal announcement in my lifetime’, IFS chief warns

The Independent UK

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An Eleventh-Hour, Hail-Mary Climate Remedy

The Inflation Reduction Act promises to slash U.S. greenhouse gas emissions, but enables more pollution in Gulf Coast communities.

Texas Observer

India plans $2.5 billion aid to oil firms hit by soaring costs

NEW DELHI: India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp, to partly compensate them for losses and keep a check on cooking gas prices, according to people familiar with the matter.

The Times of India

Do not backtrack on climate goals amid energy crunch, UN tells EU

Bloc’s member states warned against usage of fossil fuels in response to soaring energy prices amid war in Ukraine.

Al Jazeera

Explainer-The Zaporizhzhia nuclear power plant's shutdown

The last operating reactor at the Russian-held Zaporizhzhia nuclear power plant in Ukraine has been put into what is known as a cold shutdown after an external power line was restored, making it possible to shut it down more safely.

Reuters

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UN to EU: Don't backtrack on climate goals amid energy pinch

The acting U.N. human rights chief has urged European Union member states to avoid “backtracking” on their efforts to develop renewables and energy-efficiency projects at a time when soaring energy prices have prompted some to ramp up use of and searches for fossil fuels

The Independent UK

The G7's price cap on Russian oil begins to take shape

The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.

Reuters

Germany: No option but to permit Russian uranium shipment

Germany says that it can’t stop a shipment of Russian uranium destined for French nuclear plants from being processed at a site in Germany because atomic fuel isn’t covered by European Union sanctions on Russia

The Independent UK

Eamon Ryan announces major EU offshore wind deal 'in response to Russia's war on energy'

'No one has ever weaponised access to the sun or wind'

Irish Mirror

Major EU offshore wind deal struck in Dun Laoghaire 'in response to Russia's war on energy'

Minister Ryan also said he cannot guarantee there will be no blackouts this winter

Dublin Live

Europe hopes to reap political dividends from an expensive winter

The war in Ukraine forces the EU to decouple from Russian energy and teaches the bloc some hard lessons, say analysts.

Al Jazeera

Italian business lobby in talks over potential gas rationing

Italy's main business lobby group Confindustria is in talks with the government about potential gas rationing, the head of the organisation said on Monday.

Reuters

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Reuters

EU eyes levy on fossil fuel firms to help consumers survive energy crisis

Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West's "energy war" with Russia took a growing toll.

The New Daily

‘Good deal’: Petrol prices plunge to eight-month low before fuel tax sting

Australian petrol prices have plunged to an eight-month low over the past week, delivering much needed cost of living relief to motorists.

The Hindu

India may need up to 28GW of additional coal-based power generation capacity by 2032: CEA

“It is seen that apart from under construction coal-based capacity of 25GW, the additional coal-based capacity required till 2031-32 may vary from 17 GW to around 28 GW,” CEA said in a draft national electricity plan

Reuters

Kremlin: hard to predict impact on Russian gas transit from Ukraine's arbitration

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)

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Reuters

EU readies energy package, countries split over gas price cap

The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but countries are split over the details and whether to impose a cap on gas prices.

ABC News

Ukraine's threatened nuclear power plant has been shut down. Has a crisis been averted?

Fighting near the plant, one of the 10 biggest atomic power stations in the world, has fuelled fears of a nuclear disaster like the one that took place at Chernobyl in 1986.

The Independent UK

Lebanon: Central Bank lifts all expensive fuel subsidies

The Lebanese Central Bank has lifted its remaining subsidies on fuel

Asharq Al-Awsat

Saudi Arabia Tops Hydrocarbon Producers in Oil, Gas Emissions

Saudi Arabia has been able to score higher than other hydrocarbon producers in many indicators related to the emissions performance of the oil and gas sector. Over the past year, the six Gulf Cooperation Council (GCC) countries have updated their medium-term greenhouse gas emissions targets by submitting revised nationally determined…

Asharq Al-Awsat

Iran to Release Crew of Two Seized Greek Tankers

Iran has agreed to release the crews of two Greek tankers it seized in May in the Gulf in response to the confiscation of oil by the United States from an Iranian-flagged tanker in Greece, the Greek union of commercial ships' seafarers said. The case has strained relations between Athens…

Bangkok Post

Cabinet meeting to consider energy subsidies

The cabinet is expected to approve measures to curb the rising price of energy at its weekly meeting on Tuesday, according to Energy Minister Supattanapong Punmeechaow.

The Independent UK

EXPLAINER: Ukraine's nuclear power plant shutdown cuts risks

The shutdown of Ukraine’s Zaporizhzhia nuclear power plant cuts the risk of a radiation disaster that has haunted the world

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Supattanapong Punmeechaow

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