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...A number of countries have backtracked on green plans — such as Germany watering down its ban on gas boilers — leaving investors nervous about policy changes....
...“For them to sit on a significant pot of money — tens of millions of dollars — with no transparency is very surprising and disappointing,” said Joshua Meservey, senior fellow at the Hudson Institute think-tank...
...IBM will invest in New York’s Hudson Valley region and Micron will build the US’s largest semiconductor plant in Clay, New York....
...“If you remove those, you can open up a much wider market,” said Chris Galpin, policy adviser at the E3G think-tank, and a former government policy adviser....
...don’t understand the risks . . . to buy into projects that exceed their risk appetite,” says Wang Lizhang, a researcher at a unit of the China Association of Trade in Services, a government-linked think-tank...
...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....
...Additional reporting by Hudson Lockett in Hong Kong...
...Jess Ralston, head of energy at the Energy and Climate Intelligence Unit think-tank, warned that changes to the boiler phaseout plan had sowed “seeds of confusion [ . . .] not only with homeowners but with...
...European companies were “too often . . . excluded from foreign markets”, she said in the European parliament in Strasbourg....
...The government plans to fine companies from next year unless they meet stringent quotas for heat pump production and installation. But bosses are lobbying Whitehall to delay and amend the plans....
...Voters across the bloc are turning right in protest at falling living standards, rising immigration and the costs of going green, such as for new boilers and electric cars....
...The daunting scale of the project — which has involved ripping out 50 gas boilers, and installing more than 2,000 sensors to monitor temperature and air flow to make heating and ventilation more efficient...
...In the UK, Prime Minister Rishi Sunak has delayed bans on the sale of new gas boilers and new petrol and diesel cars....
...Germany’s fragile governing coalition was almost broken this year by proposals to ban domestic boilers run on oil and gas....
...hydrogen-only units reach price parity with conventional boilers....
...boilers....
...Speaking in Washington on Wednesday, Jim Taiclet, chief executive of Lockheed Martin, said a government shutdown would create some problems for the defence company, which makes Javelin anti-tank missiles...
...But ministers now face the potentially greater challenge of increasing clean electricity supplies while also getting households and industry to switch gas boilers and petrol cars for cleaner equivalents....
...Hudson Lockett has the full story....
...Apart from some running-down of inventories and an unpleasant short-term earnings hit for some companies, globalisation survived just fine....
...£3.6mn in funding from the UK government in June, the nearly 200-year-old Annandale Distillery will soon be relying on low carbon heating for the distillation process — a change from traditional steam boilers...
...Joshua Chaffin It is rows of large, kind of, oil tanks, very industrial-seeming, big trucks . . ....
...And the company, which makes products ranging from aircraft engines to turbochargers, liquefied natural gas storage tanks, boilers and rocket boosters, is currently pinning its hopes on the use of ammonia...
...Ursula von der Leyen, European Commission president, gave a speech at the Hudson Institute think-tank to boost his cause....
...“Wagner was the option of last resort for these countries,” said Cameron Hudson, a former CIA official now at the Center for Strategic and International Studies think-tank....
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