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...Executives across clean technology sectors such as wind, solar, batteries and heat pumps have become increasingly frustrated that Green Deal legislation has lacked a coherent industrial strategy to back...
...Despite successfully launching a single market and currency, European politicians have so far failed to transform a decade of discussions into effective banking and capital market unions....
...Heat pump sales in 14 European countries fell by about 5 per cent in 2023 compared with 2022, according to the European Heat Pump Association, reversing a decade of growth....
...This year Germany hit its Nato target of spending 2 per cent on defence for the first time since the end of the cold war, thanks to a huge €100bn special fund set up by Scholz’s government to pump urgently...
...better fiscal policy, today’s rules emerged as the answer to an old problem: the generalised rise in public debt in the 1980s, blamed on politicians’ willingness to short-change future generations and pump-prime...
Oil major has been under political pressure from Paris to help tackle resurgent inflation
...The Japanese steelmaker has said it will pump investment into US Steel and update its technology....
...“However, we’re seeing a delay in the market penetration of such technologies, and momentum from the market has slowed,” said Hartung, pointing also to uncertainty in the previously hot German heat pump...
...You can feel Hutton priming the pump hard, not least, I suspect, because if you analyse Reeves’s recent Mais Lecture, Labour’s rather anaemic industrial strategy and its red lines over European engagement...
...The common theme here is that governments are waking up to the need for a massive acceleration of investment in carbon removal, alongside efforts to reduce the emissions we pump into it....
...The latest government push on Horizon Europe comes as it offers “pump-priming” grants of up to £10,000 for potential applicants, administered via the British Academy, the Academy of Medical Sciences, the...
...The president spoke about the efforts in last month’s State of the Union address and has since repeated the message at several events....
...Biden’s support for labour unions is “important because one way to help to shut down the wealth pump is to give more power to workers”....
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...in Wales who voted to leave the European Union were preoccupied by”....
...This was met with heated responses from industry and trade unions. The government, which has pledged to decide what to do with heating by 2026, has also been noticeably lukewarm in its reaction....
...“There’s a clear correlation between low electricity prices and high heat pump uptake,” said Charlotte Lee, at the UK’s Heat Pump Association....
...Such a drag: Europe’s financial sector is struggling to pump sufficient capital to support companies and the economy....
...Habeck dismissed concerns from poorer member states that giving large economies such as Germany and France permission to pump millions of euros into their industries will fragment the single market....
...But that record was tarnished last year by unforced errors, such as a law on replacing gas boilers with heat pumps that triggered a public outcry....
...“Politicians, companies and tradesmen all agree that we have to really ramp up the installation of heat pumps,” he said. “But to do that we need to take all heat pump segments into consideration.”...
...Politicians increasingly fear voters will punish those pushing for climate-related policies such phasing out gas boilers in favour of heat pumps or curtailing the use of combustion-engine cars....
...why Madrid, and the EU, are pushing for what experts call repowering: taking down the oldest turbines and using the same sites to erect cutting-edge new windmills, which are taller, more efficient and pump...
...But Brussels will have to boost its financial firepower after next year’s EU elections, he said — potentially via the previously mooted idea of a European Sovereignty Fund that would pump billions into crucial...
...In Germany, green policies forcing households to swap gas boilers with heat pumps have sparked a backlash. Conservative parties have also turned against the EU’s policies to fight climate change....
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