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tag: Rinnovabili

02 December 2022

Inflation Reduction Act, a law much criticized by Europeans

The confirmation of the Congress of the Inflation Reduction Act of 2022 (IRA) has fuelled fears of a transatlantic trade war in the EU. The plan – a huge fiscal, climate and health package in place from 2023 – provides subsidies of more than $369 billion to companies in the renewable sector. The law offers tax incentives to those who choose to buy products made in the USA (eg electric cars). This dissuades Americans from turning to European producers, who would be forced to produce on US territory.

29 November 2022

India focuses on renewables

A major investment in renewable energy helped India get through its highest-demand electricity season without major blackouts. Hydro, wind, and solar power provided 25.4% of electricity needs in October, compared to 22.8% the October before. That, together with improved coal stocks, resulted in a 5% supply shortfall, compared to 11% last year, despite comparable demand. “Massive deployment of renewables is beginning to slow the growth in demand for coal-fired generation” in India, Reuters reports.

31 October 2022

Indonesia’s energy boost to decarbonize value chains

Jakarta hopes a new financing mechanism can help Indonesia reach net zero ahead of schedule. According to @NikkeiAsia, the Asian Development Bank would bring outside investment to pay for the purchase and decommissioning of coal plants, and their replacement with renewable sources. [Indonesia's new SOE scheme puts focus on coal phasedown- Nikkey]

21 April 2022

Ukraine could become the manufacturing engine for the EU Green Deal

The plan to rebuild a green Ukraine. Ukraine could become the production engine of the EU Green Deal, says MP Lesia Vasylenko: “In essence, we will start from scratch with the amount of industrial sites destroyed, energy sites. We can be the breeding ground for new technology for pilot projects, for renewable energy projects.” [The plan to rebuild a green Ukraine – DW]

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