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...“I think that if this is done in a transparent way, it would not put the EIB’s credit or ESG ratings at risk....
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...energy efficiency of their homes....
...Trying to copy the US Inflation Reduction Act, a package that includes $369bn of subsidies and tax credits for clean energy technologies, would permanently knock 0.6 per cent off EU gross domestic product...
...CREDIT: PBS, ABC News Read a transcript of this episode on FT.com...
...Underlying concerns that EU companies will be lured to the US by the $369bn Inflation Reduction Act’s package of tax credits and subsidies also cast a shadow....
...The company’s overall profits reignited anger from Unite, the trade union, which said households and businesses were being “ripped off by the profiteers in our energy supply chain” and called for energy...
...Back in March 2022, EU leaders committed to set deadlines for phasing out export credit to fossil fuels by December 2023....
...It was then dealt a blow by high energy costs following Russia’s invasion of Ukraine in 2022....
...On Thursday, the US Department of Energy announced a new plan to encourage investment in carbon removal: it will set up a “leaderboard” to highlight the companies making the biggest purchases in the space...
...European industrialists are calling for deeper political union in the EU on energy, including harmonised tax incentives, in a bid to overcome obstacles to the bloc’s industrial competitiveness and ensure...
...Financial investors are not yet warming to this logic, showing their weakest demand for European carbon credits since early 2019, according to Morgan Stanley....
...But that discipline was abandoned first during the Covid-19 pandemic and then during the energy crisis, when France spent heavily to shield consumers and business from price rises....
...“State aid rules, resilience auctions and credit guarantees are some of the emergency measures decision makers should be considering.”...
...Having led Poland between 2007 and 2014, Donald Tusk can take some credit as his nation approaches western European standards of living....
...Fitch downgraded France’s credit rating in April, citing the risks of high government debt and opposition to Macron’s reform agenda....
...For instance, a true banking and capital markets union would help investment and savings flow between the north and the south....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...As my colleagues have detailed, the first was into a Chinese train company bidding to supply electric trains in Bulgaria, the second into two energy companies tendering for contracts in a solar park in Romania...
...Plug Power, a US hydrogen company, told Energy Source that the recently leaked hydrogen tax credit rules were “unworkable” and threatened to pause projects in New York and Texas if rules proved too stringent...
...But the lender, they are worried about the other company's credit....
...energy island....
...Core inflation, which strips out energy and fresh food prices to give a better picture of underlying price pressures, slowed in Spain from 3.5 per cent in February to 3.3 per cent in March....
...The moves come as France is under pressure from credit rating agencies and national finance and audit watchdogs to defend its deficit-cutting plan, which is slower than most other EU countries....
...Adesina says the Nairobi Declaration emphasises the need to step up renewable energy generation on the continent, to insure against climate-related disasters, to recognise Africa’s renewable energy potential...
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