Climate change policy

LAMDA DEVELOPMENT S.A. announced that its 100% subsidiary, LAMDA ENERGY INVESTMENTS S.M.S.A., signed a share transfer agreement regarding the purchase of 20% of the share capital of R Energy 1 Holding for a cash consideration of €5m.

It was also estimated that global greenhouse gas emissions will reach its peak in 2025.

The measures include a cap on electricity producers’ profits that would raise 140 billion euros

With challenges in meeting clean energy goals and new electricity demands, politicians in both parties seek to prolong and even expand reactor use

European Commission to propose incentives for households and industry who reduce demand before winter

Companies have been calculating their carbon footprints since the early 2000s and just over one in three of the world's 2,000 largest public corporations have now set goals to become carbon neutral or emissions-free by mid-century or sooner.

EU countries have reached agreements on proposed laws to combat climate change on Wednesday night. They backed the phasing out of new fossil fuel-powered cars by 2035 and the creation of a multi-billion-euro fund to protect poorer citizens from spending on products that produce carbon dioxide, Reuters reported.

Brussels – Following a meeting of the EU Transport, Telecommunications and Energy Council, where more ambitious green energy and energy efficiency targets were endorsed, Infrastructure Minister Bojan Kumer noted on Monday that EU member states had shown a high degree of unity in approving the general approach for the two most important Fit for 55 directives.

The upcoming Bonn Climate Change Conference is set to kick off next week at the World Convention Center in Bonn, Germany, and is designed to prepare for the UN Climate Change Conference COP27 which is scheduled for November this year in Egypt.

The Supreme Court is hearing a case its conservative majority could use to hobble Biden administration efforts to combat climate change.

The administration already is dealing with congressional refusal to enact the climate change proposals in President Joe Biden's Build Better Back plan.