European Union government officials will discuss key elements of a planned overhaul of the bloc’s power market this week, setting the scene for difficult negotiations on how to shield the economy from an energy crisis.
The European Parliament and member states aim to reach a tentative deal on putting a carbon price on imported goods coming from third countries, giving the bloc a powerful tool to shield its industry during an unprecedented green transition while helping deter pollution in other parts of the world.
European Union leaders plan to underscore the importance of the fight against climate change when they meet next week, though their words will stop short of a mandate to move toward zeroing out fossil fuel emissions.
Persistent negativity by the European Parliament directed towards Azerbaijan risks alienating an “important partner” and its people, Baku has warned, after recent comments by EP President Martin Schulz.
Everyone involved in the US Gulf of Mexico deepwater sector must surely have heaved a sigh of relief when, on October 12, President Barack Obama said the temporary six-month moratorium on deepwater drilling had been lifted.