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EU wants to allow natural gas, nuclear in green investment

Renewable Energy World

.” The green labeling system from the European Commission, the EU’s executive arm, would define what qualifies as an investment in sustainable energy in the 27-nation bloc. Under certain conditions, gas and nuclear energy could be part of the mix, making it easier for private investors to inject money into both.

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COVID-19 is the energy sector’s opportunity to become more sustainable, says report

Envirotec Magazine

Carbon is one specific area that the sector is struggling with, with 71% stating that the industry is unable to comply with the government regulations. respectively), and increase their investment into new energy sources (15%). As a result, energy leaders admit that investing in decarbonising their supply chain is a strategic priority.

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South Korea announces ambitious 8.2GW wind complex

Renewable Energy World

President Moon Jae-in at Investment Agreement Signing Ceremony, courtesy: Office of the President. President Moon Jae-in said: “The wind farm to be built on the waters off Sinan will be as much as seven times the size of the world’s current largest wind power complex. “The The companies will provide 47.6

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EU Scientists and Politicians Clash Over Gas and Nuclear as ‘Sustainable’ Investments

DeSmogBlog

The European Union’s scientific and political communities are locked in a battle over whether gas and nuclear can be considered green investments. It’s a “green investment guidebook,” said Henry Eviston, spokesperson on sustainable finance at WWF European Policy Office.

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Southern Company Commits to Net-Zero Carbon by 2050, but Seeks New Gas Plants for Now

GreenTechMedia

utilities in setting a net-zero carbon target for 2050, aiming to balance the emissions from its sizable fossil fuel-fired generation fleet and sprawling natural gas business with reductions to be gained by expanding its portfolio of renewable energy and energy efficiency. Counting on 'negative carbon' solutions.

Carbon 130
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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

In news this week, COP28 wraps up with a landmark agreement on transitioning away from fossil fuels, DOE announces a new office focused on AI, and over 2M Teslas were recalled.  100B of deals went down in the Permian basin and Shell abandoned a $100M per year carbon credit pipeline.

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Study: 108GW of offshore wind and 140GW of storage needed to deliver net zero electricity grid by 2035

Business Green

Achieving a zero-carbon electricity grid by 2035 is widely acknowledged to be a critical milestone in the UK's journey towards achieving a net zero emission economy by 2050.