
Government subsidies on fossil fuels surged in 2022 in the wake of record high energy prices. Russia’s attack on Ukraine highlighted how dependent the world remains on oil and gas and how much further the energy transition still needs to go.
Government subsidies on fossil fuels surged in 2022 in the wake of record high energy prices. Russia’s attack on Ukraine highlighted how dependent the world remains on oil and gas and how much further the energy transition still needs to go.
The Carbonwise editorial team is formed of seasoned established industry writers and specialist journalists.
The Commission said that the adjustment to the threshold will remove CBAM obligations for as many as 182,000 companies but will nevertheless still cover 99% of emissions originally targeted in the regulation.
Renewable energy refers to energy (most typically electricity) generated from sources that are not finite. Such sources do not emit greenhouse gases when converted into power.
For many years, governments have deployed an array of policies to tackle climate change, ranging from direct legislation on vehicle efficiency standards to carbon taxes, emissions cap-and-trade systems...
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