In the early hours of Tuesday morning the EU became the first big economy to legislate for a “green tariff” on imports, to be levied on goods that are produced with high carbon dioxide emissions. [EU becomes first leading economy to legislate for ‘green tariff’ on imports – Guardian]
Egypt will present a new energy vision for green hydrogen at the upcoming climate conference in Sharm el-Sheikh this November. Its diversified approach could strengthen Egypt's geopolitical position and EU attempts to push for more steel production with green hydrogen could provide new opportunities for H2 projects in Egypt [Egypt to announce ambitious hydrogen strategy – DW]
A Democratic U.S. Senator (Photo: Sen. Joe Manchin, D-W.Va.) who has proven to be a thorn in the White House's side, stunned Washington by announcing sudden support for President Joe Biden's main agenda item that calls for a 15% tax on businesses to fund the green transition [Senator Joe Manchin suddenly backs Biden climate and tax bill – BBC]
Higher temperatures and extreme weather conditions have inflicted crippling losses in countries in the Middle East and Central Asia, the IMF explains. Egypt is one of the most exposed countries. To support the shift to a greener and climate-resilient economy, the Egyptian government recently launched the National Climate Change Strategy, in which private industry will have to play a key role.
The European Commission has presented the REPowerEU Plan, a plan to rapidly reduce dependence on Russian fossil fuels and fast forward the green transition. It is the response to the hardships and global energy market disruption caused by Russia's invasion of Ukraine.
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